Shriram Transport Finance has come out with a fixed deposit (FD) scheme, and here are some details about their offer.
The Shriram Transport FD can be taken out for tenures of 12, 24, 36, 48 and 60 months, and investors can either opt for cumulative or non – cumulative deposits. The minimum investment is Rs.10,000 and multiples of Rs.1000 after that.
Here is the quarterly per annum interest rate for the different durations on the Shiram Transport Finance FD.
| Tenure | Interest Rate |
| 12 | 8.00% |
| 24 | 8.50% |
| 36 | 9.00% |
| 48 | 9.00% |
| 60 | 9.00% |
As I look at the bank interest rates page to check out the current interest rate given out by banks in India, I see that most banks are paying 6.25% or 6.50% for 1 year, and up to 7.50% for 5 years, so this is clearly higher than what banks pay. The reason for that is the credit of Shriram Transport Finance is not as good as the major Indian banks, that is the reason they pay extra for raising money through a FD. In fact, Business Line said that investors with a high risk appetite should consider a FD from Shriram Transport Finance. This was back in June 2009, and the interest rates offered were higher still.
For whatever it’s worth, Fitch has assigned a tAA (investment grade) rating to this offering. Here is a link to the application form, if you are interested in this FD. You can also invest through your broker like ICICI Direct.
hi i have a 7 year subiksha bond 20,000 (2 year complited) so i have to sale the bond r u interested mail me on [email protected]
We have(Myself Prabhat Kumar Chatterjee & My Son Jaideep Chatterjee) has Invested Rs10.0Lakh &5.0Lakh respectivelt(Vide FD Certificate Nos:50302017for Jaideep & 50302016 & 17 for Prabhat Kumar Chatterjee,but we have not received our Certificates al though Money deducted from our bank A/c w.e.f 05-09-14. No Accrued Intt deposited(Broken Part wef 050914 to 250914 to our Bank A/cs through ECS.This is unethical & Irregular. Pl rspond immediately.
Response from Sri Ram & Bazaz Capital office,Kolkata(Madam Navneeta–M–09433069834, through whom we invested is very poor & discouraging. What is going on in Sri Ram Transport–Is it another Scamster? Do you think Legal Action is required?
P.K.Chatterjee
08100319518/09831302510
We have(Myself Prabhat Kumar Chatterjee & My Son Jaideep Chatterjee) has Invested Rs10.0Lakh &5.0Lakh respectivelt(Vide FD Certificate Nos:50302017for Jaideep & 50302016 & 17 for Prabhat Kumar Chatterjee,but we have not received our Certificates al though Money deducted from our bank A/c w.e.f 05-09-14. No Accrued Intt deposited(Broken Part wef 050914 to 250914 to our Bank A/cs through ECS.This is unetgical & Irregular. Pl rspond immediately
P.K.Chatterjee
08100319518/09831302510
It is very very unfortunate and unprofessional on the part of Shriram Group that they have not released my maturity value of Fixed deposit made with Shriram Transport Finance Company Ltd.The details are given below:
Deposit Certificate No- 4813961
Date of Deposit- 17/07/2010
Amount- Rs 30000.00
Tenure- 3 years
Maturity Date- 17/07/2013
The Deposit Receipt properly discharged, with cancelled ICICI Cheque, was personally handed over in your Bhubaneswar, Orissa, Branch on 04-07-2013 i.e. well before the maturity date.
On enquiry from the branch,it was told to me that the deposit receipt has been sent to Kolkatta Office for payment.This type of delay was not expected from a reputed company like yours.
While other companies credit the maturity amount on the maturity date,your company has delayed it by 12 days till date.
Therefore, I request you to pay the interest for the delayed period @ it was given in the Deposit.
Looking forward to immediate credit of the maturity amount with the delayed period interest.
lakshmivilas bank gives you highest deposit rate in the market. it was established in 1926
Dear sir ,
My FDR no. 4883735 for Rs. 25000/- matured on 03-03-2012 and was sent for maturity payment on 25-02-2012 . Till date maturity payment is not received . I repaetedly contacted at your office at telephoneno. 044 24990356 but no satisfactory reply is given by your staff . Please advise the status of refund of maturity amount and send the maturity payment without any delay. My tel no. is 9453022346 .
Thanking you ,
Dear sir ,
My FDR no. 4883735 for Rs. 25000/- matured on 03-03-2012 and was sent for maturity payment on 25-02-2012 . Till date maturity payment is not received . I repaetedly contacted at your office at telephoneno. 044 24990356 but no satisfactory reply is given by your staff . Please advise the status of refund of maturity amount and send the maturity payment without any delay.
Thanking you ,
I AM HAVING FIXED / DEBENTURE BOND DEPOSITS WITH STFC. I want to do correspondence. Kindly send me E.MAIL address of stfc Mumbai. thanks.
i had invested rs. 20,00,000/- in Shriram Transport Finance Corp. Ltd for 36 months. now the investment is due to mature and i would like to invest the basic amount further for long term in to some thing which would give me better results
Please advise.
Thanks.
A lot of tax free bonds have come up in the past few days and are expected to come up in the next few days as well. Those will give you a higher post tax yield than these bonds. You can talk to your fin adviser or agent to look at some of those options.
Job+ couries
I am interested to invest in your co. 5 lacs & more plsend your best interest rate for short time F D deposit
Dear Sir/Madam
I want to know about the fixed deposit scheme for 3 Years-5Years.What is NCD and it is compulsory to have deemat A/c for opening this FD scheme.
Give reply as soon as possible
Thanks&Regards
Ajay Das
i want to know abour 3 years fd rates