Types of Shriram Transport Finance Fixed Deposit Schemes
Scheme Options
Non-Cumulative Deposits
This is a deposit where the interest is payable at monthly/quarterly/half-yearly/yearly intervals. The deposit is accepted in multiples of Rs.1,000, subject to a minimum sum of Rs. 5,000 per deposit.
Interest for Non-Cumulative Deposits shall be paid through National Electronic Fund Transfer, as per below given schedule:
- Monthly – Last Day of Every Month
- Quarterly – Last Day of March/June/September/December
- Half Yearly – Last Day of March/September
- Yearly – Last Day of March
Cumulative Deposits
This is a deposit where the interest is payable at the time of maturity along with the principal amount. The deposit is accepted in multiples of Rs. 1,000, subject to a minimum sum of Rs. 5,000 per deposit.
Source: Official website of Shriram Transport Finance Company
Shriram Transport Finance Rates of Interest on Fixed Deposit
Interest rates on fresh deposits/renewals [Investment via online mode – Shriram Transport Website] (w.e.f. 01st November 2019)
Normal Scheme
| PERIOD (MONTHS) | MONTHLY % P.A. | QUARTERLY % P.A. | HALF YEARLY % P.A. | YEARLY % P.A. |
|---|---|---|---|---|
| 12 | 7.72 | 7.77 | 7.85 | 8.00 |
| 15 | 7.95 | 8.00 | 8.08 | 8.25 |
| 24 | 7.95 | 8.00 | 8.08 | 8.25 |
| 30 | 8.42 | 8.48 | 8.57 | 8.75 |
| 36 | 8.42 | 8.48 | 8.57 | 8.75 |
Cumulative Deposit
| PERIOD (MONTHS) | RATE % (P.A. AT MONTHLY RESTS) | EFFECTIVE YIELD % P.A. | MATURITY VALUE FOR RS. 5,000 |
|---|---|---|---|
| 12 | 7.72 | 8.00 | 5,400 |
| 15 | 7.95 | 8.33 | 5,521 |
| 24 | 7.95 | 8.59 | 5,859 |
| 30 | 8.42 | 9.34 | 6,168 |
| 36 | 8.42 | 9.54 | 6,431 |
Additional interest of 0.25% p.a. will be paid for senior citizens.
Additional interest of 0.25% p.a. on all renewals, where the deposit is matured on or after November 1, 2019.
Additional interest of 0.15% p.a. to employees of Shriram Group Companies and their relatives.
Source: Official website of Shriram Transport Finance Company
Documents Required for Shriram Transport Finance Fixed Deposit
ID Proof
- Passport
- PAN Card
- Job Card by NREGA
- Aadhaar Card
- Driving License
- Voter ID
Address Proof
- Passport
- Driving License
- Aadhar Card
- Pension Payment order
- Property/Municipal Tax Receipt
- Bank Pass book/Bank Statement
- Voter ID
- Job Card by NREGA
- Accommodation Letter from Employer
- Documents by Foreign Authorities
- Latest Utility Bill of any service provider
Recent self-attested Photograph has to be affixed on the Deposit Application form.
For Company
- Certificate of incorporation
- Memorandum and Articles of Association
- PAN copy of the company
- A resolution from the Board of Directors and power of attorney granted to its Managers, Officers or employees to transact on its behalf
- Proof of identity and address of the authorised signatory of the company signing the application
For Partnership Firm
- Registration certificate
- Identity and address proof of the authorised signatories
- Partnership deed
- Authorised signatory List
For Trust and Foundation
- Registration certificate
- Trust deed
- Identity and address proof of the authorised signatory of the trust/institution signing the application
For HUF
- HUF PAN card
- HUF Declaration
- Identity and address proof of the Karta
For Unincorporated Association or Body of Individuals
- Resolution of the managing Body of such Association or Body of Individuals
- Power of attorney granted to him to transact on its behalf
- Identity and address proof of the person holding the power of attorney to transact business on behalf of the Unincorporated association or Body of Individual
- Any other information as may be required to establish the legal existence of such an association or body of individuals
Source: Official website of Shriram Transport Finance Company
Explore more on Personal Finance – FD
- Punjab National Bank Fd Interest Rates | Fixed Deposit And Income Tax | Union Bank Of India Fd Rates | Citibank Bank Fd Interest Rates
- Ujjivan Small Finance Bank Fixed Deposit | Standard Chartered Fixed Deposit Rate | Fd Vs Rd
- Idbi Bank Fd Interest Rates | Fincare Small Finance Bank Fixed Deposit | Hdfc Nri Fd Rates | Sip Vs Fd
- Uco Bank Fd Rates | Lic Housing Finance Fixed Deposit Rates | Sbi Tax Saver Fixed Deposit | Sundaram Finance Fixed Deposit Rate
- Hdfc Bank Fd Calculator | Esaf Small Finance Bank Fixed Deposit | Axis Bank Nri Fd Rates | Post Office Special Fd Schemes
- Yes Bank Nre Fd Rates | Rbl Bank Fd Rates | Icici Bank Fd Interest Rates | Kotak Mahindra Bank Fd Interest Rates
- Fixed Deposit Sweep In | Fcnr Rates | Loan Against Fixed Deposit | Bank Of India Fd Interest Rates
- Hdfc Bank Fd Interest Rates | Best Fixed Deposit Strategy To Follow | Royal Bank Of Scotland Fd Rates
- Premature Withdrawal Of Fixed Deposit | Bajaj Finserv Fixed Deposit Rates | Fixed Deposit Vs Debt Funds Vs Bharat Bond Etf
- Why Choose Corporate Fds Over Traditional Fds | Benefits Of Fixed Deposits | Term Deposit Calculator | Tjsb Fd Rates
- | Personal Finance | Renewals Or Withdrawals Of Fixed Deposits | Post Office Fixed Deposit
- Hudco Fixed Deposit Rate | Cosmos Bank Fixed Deposit Rates | Fixed Deposit
How to Apply for Shriram Transport Finance Fixed Deposit Schemes
Entities can apply for Shriram Transport Finance Fixed Deposit either by heading to the company’s nearest branch office or through its official website. Shriram Transport Finance has a Branch Locator facility available on its website that allows users to find offices in the vicinity. Applicants who wish to go through the online route would need to login using their User ID and Password, and then place a request to open a Fixed Deposit account.
![](http://royalinvestments.in/wp-content/uploads/2022/04/royal2-1.png")