Sunday, July 21, 2024
spot_img
HomeBusinessShriram Finance raises fixed deposit rates after Bajaj Finance: What's changed, what...

Shriram Finance raises fixed deposit rates after Bajaj Finance: What’s changed, what remains the same?

Shriram Finance raises fixed deposit rates after Bajaj Finance: What’s changed, what remains the same?


Shriram Finance raised rates on fixed deposits by 5-20 basis points across maturities that range between 12 and 60 months. The new rates are effective from April 9 using which investors can now earn 7.85% to 8.8% on the deposits.

Shriram Finance: Senior citizens can earn another 50 basis points with the new interest rates.

Shriram Finance: What changes for senior citizens?

Senior citizens can earn another 50 basis points with the new interest rates.

Unlock exclusive access to the story of India’s general elections, only on the HT App. Download Now!

Shriram Finance: What changes for women investors?

Women investors can earn an additional 10 basis points as the maximum rate stands at 9.4% for a woman senior citizen.

Shriram Finance: What about other deposits?

After the rate increases, a deposit of Shriram Finance will pay up to 8.8% for a tenure between 36 and 60 months.

Shriram Finance: What you need to know about the financials of the company?

Shriram Finance has emerged as among the biggest non-bank lenders in India with a high rating of AA+, strong financials as well as management.

What about other deposit rates?

Bajaj Finance increased its deposit rates for senior citizens by upto 60 basis points in the 25-to-35-month tenure and 40 basis points in the 18-to-24-month tenure for senior citizens earlier this month. A fixed deposit of State Bank of India (SBI) pays 6.75-7% for the same tenure. Meanwhile, a postal deposit pays 7.1-7.5%.

Discover the complete story of India’s general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments