Shriram City Union Finance raises FD deposit rates by up to 25 bps

Shriram City Union Finance raises FD deposit rates by up to 25 bps

Business


Shriram City Union Finance Ltd. (Shriram City) has announced an increase in fixed deposit rates by 5 to 25 basis points to tenures from 12 to 60 months with effect from Friday.

Customers can earn interest up to 8.3% on FDs for 60 months. For women depositors, the company has introduced an additional 10 bps per annum. Senior citizens will get additional interest of 0.50% per annum on deposit/renewal.

Additional interest of 0.25% p.a. will be paid on all renewals, where the deposit is matured, Shriram City said in a statement.



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