Shriram Transport Finance Company Ltd (STFC) has hiked fixed deposit (FD) rates by 15 to 25 basis points for tenures between 30 months and 60 months, effective from May 20, 2022.
The new interest rate on a 36-month FD through regular channel is 7.75 per cent (7.50 per cent earlier). A 48-month and 60-month FD will now fetch 7.80 per cent (7.60 per cent) and 7.90 per cent (7.75 per cent) interest, respectively.
In the case of FDs placed through the company website (www.stfc.in), a 30-month and 45-month FD will now fetch 7.75 per cent (7.50 per cent) and 7.80 per cent (7.60 per cent) interest, respectively.
The company said, an additional interest of 0.50 per cent will be paid to the senior citizens against 0.30 per cent earlier.