Shriram Finance to provide fixed-deposit Special Interest rates for Women & Senior citizens

By: WE Staff | Wednesday, 3 May 2023

In all of its business choices, the Shriram Group has constantly put the needs of the "Common Man" first. Shriram Finance has always succeeded at providing financial services to the underserved, with a focus on the bottom of the financial pyramid.

"The company will provide financial management to more people and work towards the empowerment of more communities so they can take full advantage of the money they make," said Mr. Umesh Revankar, Executive Vice Chairman of Shriram Finance.

One may earn excellent interest rates as high as 9.10%*p.a. with Shriram Finance's special interest benefit of 0.50%*p.a. for elderly persons and 0.10%*p.a. for female depositors.

R. Thyagarajan, the founder of the Shriram Group, said, "Over the course of my 47-year career, I have witnessed the sector evolve multi-fold as a result of the introduction of policies that have helped us serve the under-served." He said, "I'm happy to say that Shriram Group has always been linked with financial inclusion and has emphasized the socio-economic development of all of its clients while creating value for its stakeholders.”

For several reasons, Shriram Unnati Fixed Deposit plans have been the favoured option for older persons and female depositors. First of all, the Fixed Deposit provides guaranteed returns, ensuring a steady stream of income despite changes in the market.

Second, they can rest confident that their hard-earned money is safe and secure since Shriram Fixed Deposit has achieved the "[ICRA]AA+ (Stable)" and "IND AA+/Stable" accreditations from ICRA and India Ratings and Research, respectively, which signify high level of security. The option of monthly interest payouts allows senior persons and female depositors to get a guaranteed income to suit their financial needs.

Furthermore, senior citizens and female depositors can withdraw money quickly and effectively without losing their investment thanks to simple liquidity options and the availability of loans against FDs. With these advantages, Shriram Fixed Deposit programs provide older persons and female depositors with a thorough investing strategy.