According to the updated structure, annual yields will range between 7.65% and 9.93%, with the highest yield offered in 60 -month cumulative FDs. | Photo credit: srikrishnan pc 9477@chennai
Shiram Finance LTD has announced a review in interest rates in fixed deposits (FDS), as of May 2, 2025. The revised rates will be applied to new deposits and renovations of up to ₹ 10 million rupees.
According to the updated structure, interest rates will vary different holdings and types of deposits, with annual yields ranging from 7.65% to 9.93%. Notable, the highest effective yield of 9.93% is available in cumulative deposits of 60 portions, offering an expiration value of ₹ 7,482 for an investment of ₹ 5000, according to a statement.
Additional benefits are offered to specific investor groups. People over 60 years of age or older will receive an additional interest of 0.50% per year at the time of deposit or renewal. Depositing women will gain an additional interest of 0.10% per year. In addition, all renewed deposits will be eligible for an additional interest or 0.25% per year.
Fixed deposits are classified “[ICRA]AA+ (stable) “by ICRA and” IND AA+/STABLE “for the qualifications and investigation of India, indicating a strong solvency.
Posted on April 24, 2025