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Attention Savers! NBFC Offers Up to 9.10% on Recurring Deposits, 8.65% on Fixed Deposits

Shriram Finance Launches High-Yield Digital RDs & FDs (Minimum Investment Starts at ₹1,000)

Key Points:

  • New Online Products: Shriram Finance offers digital-only Recurring Deposits (RDs) and Fixed Deposits (FDs) starting April 22nd.
  • Subscription Channels: Accessible through the Shriram One App and company website.
  • Competitive Rates:
    • RDs:
      • 8.50% - 9.00% interest rate based on tenure (previously 8.10% - 8.60%).
      • Additional 0.10% benefit for women depositors.
    • FDs:
      • 15-month "Unnati FD" with 8.15% interest rate (additional benefits for senior citizens & online renewals).
      • Minimum deposit for FDs: ₹5,000.
  • Minimum RD Investment: ₹1,000 per month.
  • Physical Branch Closure for RDs: Existing customers can no longer book new RDs physically at branches.

Benefits of Going Digital:

  • Convenient investment through mobile app and website.
  • Potentially higher interest rates compared to traditional options.

Focus on Digital Future:

Shriram Finance highlights the growing trend of digital investment and aims to cater to tech-savvy customers seeking convenient financial solutions.

April 29, 2024 11:23 p.m. 122

#trending #latest #Fixed deposits #Invest#investing#Recurring Deposit

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