| Deposit Amount Range | Tenure Range | Interest Rate |
| Up to ₹25L | 1 Year to 5 Years |
7.95% - 8.88% (Monthly Compounding) |
Features: Premature withdrawal
Online facilities
Credit Rating: MAA+ by ICRA (22-Jul-2016)
Number of Nominees: 1
Institution type: NBFC
SHRIRAM Transport Finance Company Limited is a part of the "SHRIRAM" conglomerate which has vehicle financing business, consumer finance, life and general insurance, stock broking, chit fund and distribution of financial product such as life and general insurance products and units of mutual funds. STFC is a Non Banking Financial Company (NBFC) which also provides products such as Fixed Deposits (FDs). It offers Fixed Deposits at high interest rates ranging 7.72% annual to 8.42% annual.
Scheme Options
STFC Cumulative Deposits
It is a Deposit where the interest is paid at the time of maturity along with the Principal amount. These Deposits are accepted in multiples of Rs. 1,000/- subject to a minimum amount of Rs.5,000/- per Deposit.
STFC Fixed Deposit rates: Cumulative deposit
The FD rates* for Shriram Cumulative Fixed Deposit have been mentioned below:
|
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st November 2018) |
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|
Cumulative Deposit |
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|
NORMAL SCHEME |
SENIOR CITIZEN SCHEME* |
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|
Period |
Rate (P.A at |
Effective Yield |
maturity value |
Rate (P.A at |
Effective Yield |
maturity value |
|
12 Months (1 Year) |
7.95 |
8.25 |
5,413 |
8.19 |
8.50 |
5,425 |
|
24 Months (2 Years) |
8.19 |
8.87 |
5,887 |
8.42 |
9.14 |
5,914 |
|
36 Months (3 Years) |
8.65 |
9.84 |
6,476 |
8.88 |
10.13 |
6,520 |
|
48 Months (4 Years) |
8.65 |
10.29 |
7,058 |
8.88 |
10.62 |
7,124 |
|
60 Months (5 Years) |
8.88 |
11.13 |
7,783 |
9.11 |
11.49 |
7,873 |
|
Additional interest of 0.25% p.a on all Renewals, where the deposit is matured on or after 1st November 2018. |
||||||
STFC Non-Cumulative Deposits
It is a Deposit where the interest is paid at Monthly/Quarterly/Half Yearly/Yearly intervals. These Deposits are accepted in multiples of Rs.1,000/- subject to a minimum amount of Rs.10,000/- per Deposit.
Interest for Non-Cumulative Deposits will be paid through National Electronic Fund Transfer (NEFT) as per below given schedule:-
- Monthly - Last Day of Every Month
- Quarterly - Last Day of March/June/September/December
- Half Yearly - Last Day of March/September
- Yearly - Last Day of March
STFC FD Rates: Non-Cumulative Deposits
|
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st November 2018) |
||||||||
|
Non-Cumulative Deposits |
||||||||
|
NORMAL SCHEME |
SENIOR CITIZEN SCHEME* |
|||||||
|
Period (months) |
Monthly % P.A |
Quarterly % P.A |
Half yearly % P.A |
Yearly % P.A |
Monthly % P.A |
Quarterly % P.A |
Half yearly % P.A |
Yearly % P.A |
|
12 |
7.95 |
8.00 |
8.08 |
8.25 |
8.19 |
8.25 |
8.33 |
8.50 |
|
24 |
8.19 |
8.25 |
8.33 |
8.50 |
8.42 |
8.48 |
8.57 |
8.75 |
|
36 |
8.65 |
8.71 |
8.81 |
9.00 |
8.88 |
8.95 |
9.05 |
9.25 |
|
48 |
8.65 |
8.71 |
8.81 |
9.00 |
8.88 |
8.95 |
9.05 |
9.25 |
|
60 |
8.88 |
8.95 |
9.05 |
9.25 |
9.11 |
9.18 |
9.28 |
9.50 |
|
Additional interest of 0.25% p.a on all Renewals, where the deposit is matured on or after 1st Novemebr 2018. |
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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:
- Cumulative FD: 8.88% p.a.
- Monthly interest payout FD: 8.88% p.a.
- Quarterly interest payout FD: 8.95% p.a.
- Half-yearly interest payout FD: 9.05% p.a.
- Yearly interest payout FD: 9.25% p.a.
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Source: STFC official Website
Updated: 28/03/2019
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OFFERS FROM THE SAME COMPANY
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