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Shriram Transport Finance Company Ltd.
Shriram Transport was established in 1979. It is among the leading financing institutions in the organised sector for the Indian commercial vehicle industry
As of March 31, 2011 it had 488 branches across India, including at most of the major commercial vehicle hubs along various road transportation routes in India.
The aggregate of deposits held on March 31, 2011 stood at Rs.112.94 crore
The STFCL fixed deposit was given Crisil rating FAA+/Stable
INTEREST RATES Applicable on Fixed Deposit to Investors
Period Fixed Cumulative Yield % (p.a.) Maturity Value for Rs. 25,000/-
Yearly (p.a.) Half Yearly (p.a.) Quarterly (p.a.)
1 Year 9.25% 9.05% 8.95% 9.25% 27,313
2 Years 9.75% 9.52% 9.41% 10.23% 30,115
3 Years 10.75% 10.47% 10.34% 11.94% 33,955
4 Years 10.75% 10.47% 10.34% 12.60% 37,600
5 Years 10.75% 10.47% 10.34% 13.32% 41,650
0.25% extra for senior citizen across all slabs.
Minimum investment Rs. 25000/-.