Shriram City Union Finance has reduced FD interest rates by 50bps. increased to

Shriram City Union Finance provides financing for small businesses and purchase of two wheelers.

The new rates will be effective from August 1.

The company has increased by 25 bps on 12-month and 36-month FDs, while those with tenures of 24 months have seen a hike of 50 bps. The interest rate for FDs of 48 months and 60 months has been increased by 35 bps.

see full image

“Senior citizen depositors (who have completed 60 years of age on the date of deposit/renewal) will be given an additional interest of 0.50% p.a.,” the company said in a statement.

According to the statement, where the deposit has matured, an additional interest of 0.25% per annum will be paid on all renewals.

first article