“FAAA/Negative” by CRISIL (indicates a highest degree of Safety) and “MAA+/ with Stable Outlook” by ICRA (Indicates high credit quality)
|SHRIRAM TRANSPORT FINANCE LIMITED|
|High Stability and Credibility with CRISIL’s FAAA/Negative rating, ICRA’s MAA+(stable) rating|
|Interest Rates applicable for deposit upto Rs. 5 crores only|
|Tenure (Months)||Rate of Interest||Cumulative Yield||Monthly||Quarterly||Half Yearly||Yearly|
Key Features & Benefits:
High returns on Fixed Deposit
0.25% p.a. additional on all Renewals
0.15% p.a. additional on employee of Shriram Group Companies and their relatives
High Stability and Credibility with CRISIL’s FAAA/Negative rating, ICRA’s MAA+(stable) rating
Available for cumulative & non-cumulative deposits, both
Interest payment frequency: Monthly, Quarterly, Half-yearly& Cumulative
Quick Loan against Deposit facility
Premature Encashment Available
BANK DETAILS (RTGS/NEFT)
|Mode of Deposit||NEFT/RTGS||Cheque|
|Beneficiary Name||Shriram Transport Finance Company Limited
||payable to “Shriram Transport Finance Company Limited"
|Bank Account Number||A/c 00600310027702||
|Bank Name||HDFC Bank Ltd||marked 'Account Payee only'|
|Bank branch||Mumbai Sandoz - House
As per the Housing Finance Companies (NHB) Directions 2010, no premature withdrawal is allowed for a period of first 3 months from the date of deposit/renewal except in case of death of the depositor. In case of premature withdrawal after the expiry of 3 months, the following rates shall apply.
After 3 months but before 6 months – No interest is payable on the deposit. Only the principal is payable.
After 6 months but before the date of maturity - The interest rate payable is 2% lower than the interest rate applicable for the period for which the deposit has run for. In case of no interest specified for the period run, interest payable will be 3% lower than the minimum rate at which the public deposits are accepted by the company.
In the event of the death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock-in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and only subject to the submission of proof of death and other requisite documents to the satisfaction of the Company. However, no interest is payable on such repayments of deposits.
For premature withdrawals of deposits, the duly discharged FDR with a revenue stamp of requisite value must be surrendered to the company. Premature withdrawals of single or jointly held fixed deposits shall be processed only after such a request is signed by all the depositors along with FDR duly discharged and a cancelled cheque leaf should be submitted.
Shriram Transport Finance Company Limited (STFC) is an asset financing non-banking finance company. The Company is engaged in providing finance for commercial vehicles and other loans. The Company operates through financing segment. The Company operates through a network of approximately 850 branches. The Company is engaged in pre-owned commercial vehicle (CV) financing business. It services include lendings and deposits.
Profit Before Tax
(Rs. in crore)
Profit After Tax
(Rs. in crore)
Disclaimer : Interest rates are subject to change. Please confirm the rates before investing.
Fixed Deposits At a Glance