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Shriram Fixed Deposits: A Safe Way to Grow Your Savings

Putting your money in a Shriram Fixed Deposit is a very secure option. Plus, you can earn appealing interest rates, with the possibility of getting up to 9.20%* annually. Senior citizens receive an additional 0.50%, and women can benefit from an extra 0.10% interest per year.

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Shriram Fixed Deposits: A Safe Way to Grow Your Savings

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  1. SHRIRAM FIXED DEPOSIT Interest up to 9.20%* P.A. Additional 0.50%* P.A. for Senior Citizens • and 0.10%* p.a. for Women

  2. What is fixed deposit? Fixed depositis the most secured saving option that lets you grow your money with assured returns. These assured return enables you to invest for a better and secured future by offering guaranteed high returns along with safety of principle amount

  3. Features of Fixed Deposit Scheme Higher Returns on Investment (8.40%) additional 0.50 for senior citizens Flexible Tenure Flexible Pay-outs

  4. Types of Fixed Deposits Cumulative In a cumulative fixed deposit, the interest earned will get compounded along with the principal for the invested tenure. The interest will not be payable in instalments Non-Cumulative In this type, the interest is payable in monthly, quarterly, half-yearly, or annual instalments. It is suitable for individuals or pensioners who are looking for a income at regular intervals.

  5. Documents Required 1. ID Proof 2. Address Proof 3. Photographs 4. Cancelled Cheque Leaf 5. Other than the above documents, for HUF, trusts, and other entities.

  6. Advantages of a Fixed Deposit 1.Encourages you to save your money. 2.Assured returns on your invested capital. 3.Useful in a cash crunch. 4.Offers flexibility in both invested amount and tenure. 5.Maintaining cash flow.

  7. Thank you • Visit: https://www.shriramfinance.in/

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