This information is for you if you plan to increase your returns through FDs in the coming year. The interest rates being provided on FDs have increased by a record amount at Shriram Finance Limited. It has announced a 5 to 30 basis point (0.05% p.a. to 0.30% p.a.) rise in FD rates.
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Customers will be able to earn up to 9.36% interest on FDs as of January 1, 2023. However, in order to do it, various requirements must be met.
Let us inform you that one of the biggest retail NBFCs in India is Shriram Finance Limited (SFL) of the Shriram Group. Let us inform you that elderly folks receive an additional 0.50% in interest from Shriram Finance Limited (SFL).
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