Shriram City Union Finance offers highest interest rate on fixed deposits in market
22nd Sep 2020

Shriram City Union Finance has provided up to 8.80% p.a. on its Fixed Deposit scheme New Delhi, Delhi, India (NewsVoir) Even as other banks and NBFCs have slashed interest rate on fixed deposits in the current challenging market scenario, Shriram City Union has launched a high yield cumulative fixed deposit (FD) scheme called ‘Shriram City Fixed Deposit (Cumulative & Non-Cumulative Scheme)’ with the tenure of up to five years that offers highest interest rate in the market much beyond the expectations of the investors.

Shriram City Cumulative Scheme offers 8.09% p.a. interest rate with an additional 0.40% p.a. interest to senior citizens which altogether results in an effective yield of 9.94% p.a. and 10.53% p.a. respectively. In Non-Cumulative scheme Shriram City offers up to 8.40% p.a. and additional 0.40% p.a. for Senior Citizens with monthly, quarterly, half-yearly or yearly interest pay-outs. The scheme is exclusively crafted in keeping with the financial needs of senior citizens.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.