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Depositors can earn up to 9.10% on this NBFC’s fixed deposit


 When commercial banks have been raising interest rates on their term deposits, NBFCs are not behind.

Shriram Finance, an NFBF, offers interest rates that are as high as 9.10% per annum.


It offers a regular rate between 7.6 percent to 8.5 percent to individuals for deposits with a tenure ranging between one year to five years.


On the top of this, senior citizens are entitled to receive an extra 50 basis points, while women customers another 10 bps. So, the maximum interest on FDs rises up to 9.1%.


ICRA has rated the fixed deposits offered by Shriram Finance as AA+ (stable). 

One can opt for flexible interest pay out options i.e., monthly, half-yearly and yearly at the time of maturity.

One-year FDs fetch an interest of 7.6%. The two-year FDs offer 8.05%, 3-year FDs give 8.25%. The rate rises to 8.35% on a four-year deposits. Finally, five-year FDs give an interest of 8.5%.

It is noteworthy to mention here that a number of private and state lenders have recently revised their FD rates such as Bank of Baroda and UCO Bank.

Click here to know more about this NBFC's FD interest rates.

Check here for more personal finance related stories.


Depositors can earn up to 9.10% on this NBFC’s fixed deposit

Although the highest interest rate is 8.5 percent per annum on a five-year deposit, the senior citizens are entitled to receive an extra 50 basis points, while women customers are offered an extra 10 basis points on their deposits.

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Depositors can earn up to 9.10% on this NBFC’s fixed deposit. Details here

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Depositors can earn up to 9.10% on this NBFC’s fixed deposit

Although the highest interest rate is 8.5 percent per annum on a five-year deposit, the senior citizens are entitled to receive an extra 50 basis points, while women customers are offered an extra 10 basis points on their deposits.

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