Shriram Finance: Bumper offer.. 9.36 percent interest on deposits at once.. Effective from today

Shriram Finance: It is known that the Reserve Bank of India (RBI) has recently increased the interest rates. The repo rate has been increased by 35 basis points, bringing the total interest rate to 6.25 percent. The repo rate has been increased by a total of 2.25 percent in this year alone. But banks and non-banking finance companies also immediately shifted this burden to the people. They increased the interest rates on those loans and gave a shock. Due to this the EMIs have also increased. At the same time, the interest rates on the fixed deposits have also been increased and relief has been provided. This gives higher interest on FDs over different tenures. Recently, the Non-Banking Finance Committee has increased interest rates on fixed deposits.

Sriram Finance Limited has recently increased the interest rates on fixed deposits on the occasion of New Year. It will be different for different tenures. Shriram Finance has announced to increase the interest rate by a total of 5 to 30 basis points. Senior citizens will benefit the most. They will get an additional 50 basis points and women depositors will get an additional 10 basis points. An additional interest rate of 0.25 percent will be received on renewals.

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Women depositors and senior citizens who renew their deposits will get the highest interest rate of 9.36 percent on fixed deposits. In a press release, Sriram Finance Limited said that 9.36 percent interest will be applicable on 60-month deposits. While 8.45 percent interest rate is applicable on FDs with maturity of 60 months, senior citizens will get an additional interest rate of 50 basis points. Women depositors will be given a higher interest rate of 9.36 percent.

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Shriram Finance said that this increase in interest rates will be applicable on all offline and online investments. The largest bank in the country.. State Bank of India is offering the highest interest rate of 7.25 percent to senior citizens on FDs of 1-3 years. And the interest rate for common people is 6.75 percent. ICICI Bank is offering 7 percent interest rate for general public and 7.5 percent interest rate for senior citizens on fixed deposits with tenure up to 18 months.

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