Shriram Transport Finance FD Detail (Fixed Deposit Rates and Review)

Incorporated in 1979, Shriram Transport Finance Company Ltd, a flagship company of Shriram Group is in the business of providing finance to a commercial vehicle. They offer several products which include Pre-owned CV financing, New CV financing and other loans like accidental repair loans, tyre loans and working capital finance, etc.

Shriram Group has a significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stockbroking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.

STFC has pan-India presence with a network of 1,230 branches, and 24,533 employees including 15,356 field officers. During the year 2007-08, STFC opened their branches across 72 locations. They also extended their operations to the financing of passenger commercial vehicles, second-hand tractors and construction equipment.

In 2018, Shriram Transport Finance Company Limited (STFC), Shriram Automall India Limited (SAMIL) and MXC Solutions India Private Limited (CarTrade) entered into agreement. CarTrade, India's leading online automotive business acquired majority stake in Shriram Automall India Limited (SAMIL), India's No.1 physical auction platform for pre-owned vehicles from STFC. SAMIL is a wholly-owned subsidiary of STFC.

Profits and Dividends (in ₹ Lacs)

Year Ending Profit Before Tax (₹ in Lacs) Profit After Tax (₹ in Lacs) Dividend Rate(%) Amount
31st March 2019 377,827.50 256,398.67 120% 32,822.31
31st March 2018 237,183.47 156,802.25 110% 29,820.39
31st March 2017 192,392.55 125,734.25 100% 27,307.07

Shriram Transport Finance FD Detail

Company Name Shriram Transport Finance Company Ltd
FD Type Cumulative, Non Cumulative
Tenor 12 months to 60 months
Rating FAAA By CRISIL / MAA+ By ICRA
Minimum Amount (INR) 5000
Additional in multiple of 1000
Interest Rates (Min) 7.80% p.a. (Non cumulative)
Interest Rates (Max) 8.75% p.a. (Non cumulative)
Additional Interest For Senior Citizens +0.25%
Additional Interest For Employee +0.15%
Additional Interest For Others +0.15% for employees relative
Interest Payment Dates Monthly: Last day of every month
Quarterly: 31st Mar, 30th Jun, 30th Sep, 31st Dec
Half-yearly: 31st Mar, 30th Sep
Annual: 31st Mar
Auto-Renewal Facility Yes
Renewal Rate Benefit +0.25%
Multi Deposit Facility
NRI Allowed No
Loan against FD Available? Yes
Invest Using Debit Card
Interest on Loan (Yearly) 2% above the interest rate
CFD Calculator Yes
Online Application Process Yes

Shriram Transport Finance FD Interest Rates

Interest Rates on Fresh Deposits/Renewals[Investment through online mode - Shriram Transport Website]

NORMAL SCHEME
Non cumulative Deposit Cumulative Deposit
Period (months) Monthly % p.a Quarterly % p.a Half yearly % p.a Yearly %p.a Rate % (p.a. at Monthly rests) Effective yield % p.a. Maturity value for Rs 5,000/-
12 7.53 7.58 7.65 7.80 7.53 7.80 5,390
15 7.72 7.77 7.85 8.00 7.72 8.08 5,505
24 7.72 7.77 7.85 8.00 7.72 8.32 5,832
30 8.28 8.34 8.42 8.60 8.28 9.16 6,145
36 8.28 8.34 8.42 8.60 8.28 9.36 6,404
45 8.42 8.48 8.57 8.75 8.42 9.86 6,849
48 8.37 8.43 8.52 8.70 8.37 9.90 6,980
60 8.42 8.48 8.57 8.75 8.42 10.42 7,605

CFD Rating Details

This offer is rated 'FAAA' by CRISIL. The rating of CFDs indicate that Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

This offer is rated 'MAA+' by ICRA. This indicates High credit quality.

Shriram Transport Finance FD Form

Shriram Transport Finance FD Ratings

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Shriram Transport Finance FD Banking Details

All cheques/DD should be 'A/C payee' drawn in favour of 'SHRIRAM TRANSPORT FINANCE COMPANY LIMITED' and deposited in under mentioned accounts:-
Kotak Mahindra Bank A/C No: 5211554670,
HDFC Bank A/C No: 00600310036543

Shriram Transport Finance FD Contact Details

Shriram Transport Finance Company Ltd
3rd Floor, Mookambika Complex,
No 4, Lady Desika Road,
Mylapore, Chennai - 600 004

Phone: +91 44 24990356
Email: customersupport@stfc.in
Website: https://www.stfc.in/


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Shriram Transport Finance FD Interest Rates

Shriram Transport Finance FD Detail

CFD Name Shriram Transport Finance Company Ltd
CFD Rating FAAA By CRISIL / MAA+ By ICRA
Minimum Amount (INR) 5000
Additional in multiple of 1000
CFD Interest Rates (Min) 8.75% p.a. (Non cumulative)
CFD Interest Rates (Max) 7.80% p.a. (Non cumulative)
Additional Interest For Senior Citizens +0.25%
Additional Interest For Others +0.15% for employees relative
Interest Payment Dates Monthly: Last day of every month
Quarterly: 31st Mar, 30th Jun, 30th Sep, 31st Dec
Half-yearly: 31st Mar, 30th Sep
Annual: 31st Mar

Shriram Transport Finance Company Ltd FD Interest Rates

Interest Rates on Fresh Deposits/Renewals

NORMAL SCHEME
Non cumulative Deposit Cumulative Deposit
Period (months) Monthly % p.a Quarterly % p.a Half yearly % p.a Yearly %p.a Rate % (p.a. at Monthly rests) Effective yield % p.a. Maturity value for Rs 5,000/-
12 7.53 7.58 7.65 7.80 7.53 7.80 5,390
24 7.72 7.77 7.85 8.00 7.72 8.32 5,832
36 8.28 8.34 8.42 8.60 8.28 9.36 6,404
48 8.37 8.43 8.52 8.70 8.37 9.90 6,980
60 8.42 8.48 8.57 8.75 8.42 10.42 7,605







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