20 May 2022 , 03:22 PM
One of the largest asset financing company in India Shriram Transport Finance Company Limited (STFC) a part of the Shriram Group, announced a hike in fixed deposit rates by 15 to 25 basis points (0.15%p.a. to 0.25%p.a.) across different tenures.
The new rates will come into effect from Friday, May 20, 2022.
Interest rates on Fixed Deposits through regular channels
Tenure |
Existing Interest Rate (p.a.) |
Revised Interest Rate (p.a.) — w.e.f. May 20, 2022 |
Increase in Interest rate (p.a.) |
12 months |
6.50% |
6.50% |
No change |
24 Months |
6.75% |
6.75% |
No change |
36 Months |
7.50% |
7.75% |
0.25% (25 basis points) |
48 Months |
7.60% |
7.80% |
0.20% (20 basis points) |
60 Months |
7.75% |
7.90% |
0.15% (15 basis points) |
Tenure |
Existing Interest Rate (p.a.) |
Revised Interest Rate (p.a.) — w.e.f. May 20, 2022 |
Increase in Interest rate (p.a.) |
15 months |
6.75% |
6.75% |
No change |
30 Months |
7.50% |
7.75% |
0.25% (25 basis points) |
45 Months |
7.60% |
7.80% |
0.20% (20 basis points) |
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.