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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.
The share increased from Rs.8 to Rs.600.. If you invest one lakh, you will get a profit of Rs.4 crore!
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