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Shriram Transport FinanceFixed Deposit

7.01% - 7.95%
Interest rates
1 year - 5 years
Time Period
5000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Shriram Transport Finance

Shriram Transport Finance Company is India's largest financier of commercial vehicles. It makes loans for new and used commercial and passenger cars, tractors, and construction equipment. Shriram AMC is a mutual fund-focused asset management firm. In terms of FD interest rates, Shriram Transport Finance Company Limited fixed deposits rank much higher, i.e. When compared to bank FD rates, the company's FD rates are somewhat higher.

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Started On1979
Head QuartersIndia
CRISIL RatingNA
CEOUmesh G. Revankar
Listed on exchange asShriram Transport Finance Company Ltd.
ICRA RatingNA

Latest Shriram Transport Finance Interest Rates

TenureRegular customersSenior citizens
12 months
7.01
7.41
15 months
7.25
7.65
24 months
7.25
7.65
30 months
7.72
8.12
36 months
7.72
8.12
45 months
7.81
8.21
48 months
7.81
8.21
60 months
7.95
8.35

Features & Benefits of Shriram Transport Finance

  • STFC provides the option of taking a loan against a fixed deposit to help with a financial constraint. In this case, the depositor does not have to rely on high-interest unsecured loans and can instead choose to borrow a certain amount against their FD.
  • If the depositor needs money right away and does not want to take out a loan against his or her fixed deposit, the firm offers another alternative for self-financing: premature withdrawal of the fixed deposit. 
  • If the FD is prematurely terminated after 3 months but before 6 months from the date of booking, no interest is due on the deposit.
  • If the FD is prematurely closed after 6 months but before maturity, interest is due at a rate that is 2% lower than the set FD rate.
  • TDS, or withholding tax, is levied on income tax. Tax is deducted at the point of sale.
  • TDS is deducted at 10% if the interest income exceeds Rs. 5,000 in a fiscal year.
  • TDS is charged at 20% if a PAN (Permanent Account Number) is not supplied.
  • If a person's yearly income is less than the minimum tax bracket, he or she may file Form 15G/15H so that the firm does not deduct TDS (This form needs to be re-submitted every year)

Types of Shriram Transport Finance Schemes

Cumulative Scheme
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Non-Cumulative Scheme
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Term-wise interest rates

Short-term deposits
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Medium-term deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
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Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
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LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
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Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
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FAQs

Is it a good idea to put money into Shriram Transport Finance Fixed Deposits?

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What is the maximum time period for which one may invest in an STFC FD?

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Do Shriram Transport Finance Company employees receive any extra FD benefits?

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What are the documents needed to start the scheme?

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Who is eligible for this scheme?

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Calculate Shriram Transport Finance FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Shriram Transport Finance
0
@7.01% p.a
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online upto 0%
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