Business / Now you will get 9 percent interest on fixed deposit shriram finance fd rates

Bank FD Rates: If you have a plan to get FD this year, then this news is useful for you. Today we will tell you about such a plan, in which you will get the benefit of more than 9 percent interest. Recently many banks and NBFC companies have increased FD interest rates.

10 basis point increase

Shriram Finance Limited (SFL) has also increased the interest rates on fixed deposits. From now on you will get more benefit of 5 to 10 basis points. The company's new interest rates have come into effect from January 1. After this increase, customers will get the benefit of interest at the rate of 9.36 percent.

increased interest rates

Let us tell you that the company has increased the rates of FDs maturing in 12 months by 30 basis points, after which you will get interest at the rate of 7.30 percent. Apart from this, there has been an increase of 20 basis points in FDs maturing in 18 months. After this increase, you will get interest at the rate of 7.50 percent.

How much interest will be received on which period?

Apart from this, there has been an increase of 25 basis points in FDs maturing in 24 months. After this increase, you will get interest at the rate of 7.75 percent. Now you will get 8.15% interest on 36 months FD, 8.20% interest on 42 months FD, 8.25% on FD maturing in 48 months and 8.45% on 60 months FD.

Who will get 9.36 percent interest?

If we talk about senior citizens, then these people get the benefit of 50 basis points more interest as compared to ordinary citizens. At the same time, senior citizen women get 10 basis points and even more interest. Senior citizens are getting 8.95 percent interest on a period of 60 months. At the same time, 9.36% interest will be given on the renewal of deposits made by senior citizen women.