Chennai, 5th April 2023: India’s largest retail NBFC, Shriram Finance Limited (SFL) a part of Shriram Group, announced a special fixed deposit rate under Jubilee Deposit (Shriram Unnati Deposits), to coincide with the Group’s golden jubilee celebrations. The company will accept applications for fresh and renewal of fixed deposits of 50 months’ tenure with interests as mentioned in the table.
Investors can earn interest up to 9.15% on FDs. The rates will be effective from 5th April 2023.
(The other schemes specified in the company announcement dated March 9, 2023, will remain unchanged except for the 48-month scheme, which will be withdrawn with effect from April 15, 2023. Other terms and conditions of the fixed deposits schemes shall remain unchanged)
Interest rates on Shriram Unnati Jubilee Deposit:
Jubilee Deposit (Tenure – 50 months) |
||||||
| Non-Cumulative Deposits | Cumulative Deposits | |||||
| Investment Type |
Monthly % p.a. |
Quarterly % p.a. |
Half Yearly % p.a. |
Yearly % p.a. |
Effective Yield % p.a. |
Maturity Value for Rs.5,000/- |
| Fresh | 8.18 | 8.24 | 8.33 | 8.50 | 9.71 | 7,025 |
| Women | 8.28 | 8.34 | 8.43 | 8.61 | 9.85 | 7,050 |
| Renewal | 8.43 | 8.49 | 8.58 | 8.77 | 10.06 | 7,095 |
| Women Renewal | 8.53 | 8.60 | 8.69 | 8.88 | 10.20 | 7,125 |
| Senior Citizen | 8.68 | 8.75 | 8.84 | 9.04 | 10.41 | 7,170 |
| Senior Citizen Women | 8.78 | 8.85 | 8.95 | 9.15 | 10.56 | 7,200 |
| Senior Citizen Renewal | 8.93 | 9.00 | 9.10 | 9.31 | 10.77 | 7,245 |
| Senior Citizen Women Renewal | 9.03 |
9.10 |
9.21 |
9.42 |
10.91 |
7,275 |
– Women investors will receive an extra 0.10% p.a. interest
– Senior citizens will receive an additional interest of 0.50% p.a.
– Senior citizen women will receive an additional interest of 0.60% p.a.
– All the above tenures will be available for both offline and online investments.
