Looking for high-return investment options in 2024? Shriram Finance Fixed Deposits offer attractive interest rates up to 8.47% p.a., with effective yields reaching 10.50% p.a. Let’s explore why this leading NBFC’s FD should be on your investment radar.
About Shriram Finance: Trust & Stability
Shriram Finance, one of India’s largest retail NBFCs, stands strong with:
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- 25+ years of trusted experience
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- ₹1.85 lakh crore+ Assets Under Management
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- 3,500+ branches nationwide
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- 6.7 million+ satisfied customers
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- Top credit ratings: CRISIL AA+/Stable, ICRA AA+/Stable
Why Choose Shriram Finance FD?
1. Competitive Interest Rates
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- 1 Year: 7.59% p.a.
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- 2 Years: 7.87% p.a.
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- 3 Years: 8.38% p.a.
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- 5 Years: 8.47% p.a. (effective yield up to 10.50% p.a.)
2. Extra Benefits for Special Categories
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- Senior Citizens: Additional 0.50% p.a.
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- Women Investors: Extra 0.10% p.a.
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- Renewal Bonus: 0.25% p.a. on maturity renewal
3. Flexible Investment Options
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- Choose monthly, quarterly, or annual interest payouts
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- Cumulative option for maximum returns
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- Tenures ranging from 1 to 5 years
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- Auto-renewal facility available
Strong Financial Performance (2023-24)
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- Net Worth: ₹40,000+ crore
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- Market Cap: ₹54,000+ crore
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- Quarterly Net Profit: ₹1,450+ crore
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- Capital Adequacy Ratio: 21%+
Investment Safety Features
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- RBI regulated and SEBI compliant
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- Regular audits ensure transparency
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- Strong risk management framework
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- Professional management team
Smart Deposit Tips
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- Longer tenures offer better rates
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- Consider laddering investments
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- Match interest payouts with cash flow needs
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- Enable auto-renewal to avoid interest gaps
Perfect For:
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- Conservative investors seeking stable returns
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- Senior citizens wanting regular income
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- Investors looking for better than bank FD rates
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- Medium to long-term financial planning
Bottom Line:
Shriram Finance FDs combine attractive returns with the security of a leading NBFC. With interest rates significantly higher than bank FDs and special benefits for various investor categories, they offer a compelling investment opportunity in 2024.
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