Shriram City Union Finance Raises Fixed Deposit Interest Rates by up to 25bps

Shriram City Union Finance Ltd. (Shriram City), a leading financier to Small Business Enterprises and India's largest two-wheeler financer (based on the number of 2W financed) and part of the Shriram Group announced a hike in the fixed deposit rates by 5 to 25 basis points (0.05%p.a. to 0.25%p.a.) across different tenures.

Customers can earn interest up to 8.80% on FDs, effective from Oct 14, 2022. Introduces a special benefit for women, with an additional 10bps p.a to be paid on all FD rates to women depositors.

Additional interest of 0.50% p.a will be paid to Senior Citizen depositors (Completed age 60 years on the date of deposit/renewal).

Additional interest of 0.25% p.a. will be paid on all Renewals, where the deposit is matured.

Additional interest of 0.10% p.a. will be paid to Women Depositors (new feature).

Shares of Shriram City Union Finance Limited was last trading in BSE at Rs. 1714.65 as compared to the previous close of Rs. 1753.25. The total number of shares traded during the day was 1785 in over 531 trades.

The stock hit an intraday high of Rs. 1745.00 and intraday low of 1706.50. The net turnover during the day was Rs. 3073365.00.

Source : Equity Bulls

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ShriramCityUnionFinance INE722A01011 FixedDeposits InterestRateHike