For those with low risk appetite, fixed deposits provide perfect solution for safe and secure investment. Fixed deposit has traditionally been one of the first saving instruments in India because of the following advantages:
It is a Deposit where the interest is paid at Monthly/Quarterly/Half Yearly/Yearly intervals. These Deposits are accepted in multiples of Rs.1,000/- subject to a minimum amount of Rs.10,000/- per Deposit.
Interest for Non-Cumulative Deposits will be paid as per below given schedule:-
Interest Payment Modes:
It is a Deposit where the interest is paid at the time of maturity along with the Principal amount. These Deposits are accepted in multiples of Rs. 1,000/- subject to a minimum amount of Rs.5,000/- per Deposit.
Established in 1979, Shriram Transport Finance Company (STFC) is one of India’s largest professionally managed asset finance company which specializes in commercial vehicle finance.
Equity Investments by “Chrys Capital” – “CITICORP” – “AXIS BANK” – “NEWBRIDGE CAPITAL- USA” “Piramal Group”
Being a part of three decade-old Chennai-based Shriram Group, Shriram City Union Finance (SHRIRAM CITY) was established in 1986. SHRIRAM CITY is premier financial services company in India working as a deposit-accepting non-banking financial company (NBFC) and specializes in retail finance.
SHRIRAM CITY offers a wide range of financing options for two wheelers, three wheelers, four wheelers (both new & pre-owned, passenger & commercial), personal loans, small business loans and loan against gold. SHRIRAM CITY is a dominant player in the field of providing finance and the only NBFC offering a wide range of products under one roof.
SHRIRAM CITY has more than 1000 business outlets across the country. It enjoys a high credit rating, as well as listing on the BSE, NSE & Madras Stock Exchanges with current mkt. capitalization of Rs.13973.46 crore. Company lends around Rs.357 Crores a month in between Rs.30000/- to Rs. 5 lakhs each, with tenure ranging from 12 to 36 months. It has serviced over 29 Lakhs customers till date and adds on an average 85,000 new customers every month. Assets Under Management have recorded 18.2% growth YOY taking it to 23132 crore as on 31st March, 2017.PRODUCT DETAILS: