Deposits Overview
Shriram Transport Finance Company FD rated “FAAA/Negative” by CRISIL (indicates a highest degree of Safety) and “MAA+/ with Stable Outlook” by ICRA (Indicates high credit quality)
Shriram Transport Finance Company Ltd. (STFC) is a popular commercial vehicle finance company. It is a Non-Banking Financial Company (NBFC) which provides products such as Fixed Deposits (FDs). STFC offers FD schemes at attractive interest rates ranging between 7.60% p.a. and 8.50% p.a. for cumulative deposits and between 7.34% to 8.50% for non-cumulative deposits.
Shriram Finance offers a range of mid-tenure fixed deposits, which are available at attractive interest rates. In line with several other banks and financial institutions, Shriram Transport Finance has cut down interest rates on its fixed deposit offerings.
Highest FD interest rates offered by STFC
Shriram Transport Finance Company Ltd. Fixed Deposits come at attractive interest rates.
The highest STFC term deposits rates are available for a maturity period within 3 years and 5 years:
WHY STFC
Safety -Highest –AAA/Stable Rating by CRISIL
FD Payment -in Time –40 years Track
Rate –Best in Industry
Business –Retail & Automobile –Safe & Growing Markets
Used Vehicles –Growing Market, Better Profits
1700+ Branches -28000+ Employees
AUM -108900+ Cr Customers -20.7 Lacs+
Our Proven Growth Track
AUM Cr
Q3 2020
108931
2019
104482
2015
59100
2017
78800
PROFIT Cr
Q3 2020
2278.5
2019
104482
2015
1237.8
2017
1257.3
CATEGORY OF DEPOSITOR - INTEREST
7.60% - 8.50%**
Yield Upto
10.07%
7.86% - 8.76%**
Sr.
Yield Upto
10.44%
Interest rates on cumulative deposits now range between 8.75% p.a. to 10.77% p.a. depending on the frequency of compounding and deposit period chosen. Interest rates at monthly rests have been revised. For the period of 12-24 months the interest can be earned at 8.42%. There are three different slabs for the periods 36 months, 48 months, and 60 months. All these slabs are currently available at 8.65% per annum at monthly rests.