Shriram Transport Finance Company Ltd. (FAAA by CRISIL)

Company Overview :

  • Shriram Transport Finance Co. Ltd. (STFC) was incorporated in the year 1979 and is registered as a Deposit taking NBFC with Reserve Bank of India.
  • With a track record of about 30 years in this business, STFC is among the leading organized finance provider for the commercial vehicle industry
  • STFC has also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to its portfolio

Unique features of investing through ICICIdirect.com :

  • E-FDR : Electronic certificate for your investment
  • Online Nomination : No need to fill or send physical nomination form
  • Online Renewal : Renewals can be done online without paper work
  • Auto Credit : Direct credit of interest and maturity proceeds in the registered bank a/c

Who can invest?

  • Online : Resident Individuals
  • Offline : Resident Individuals, HUFs, Trusts, Domestic Companies, Minor

Shriram Transport Finance FD interest rates (w.e.f. from August 1, 2020)

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Yearly (p.a.) Interest (p.a.) Effective Yield (p.a.)
12 7.25% 7.30% 7.37% 7.50% 7.50% 7.50%
24 7.44% 7.49% 7.56% 7.70% 7.70% 8.00%
36 7.86% 7.92% 8.00% 8.15% 8.15% 8.84%
48 7.90% 7.96% 8.04% 8.20% 8.20% 9.26%
60 8.09% 8.15% 8.23% 8.40% 8.40% 9.94%

* Maturity value is pre tax and for illustration purpose only.

Additional interest of 0.40% p.a. for Senior Citizens.

Additional 0.25% p.a. upon renewal of the existing Fixed Deposits.

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Important Note: The above table shows yearly interest rates in case of cumulative scheme to make the same fairly comparable with other available online issuers. However, the actual compounding is at Monthly rest in case of Shriram Transport Finance FD.