What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

Trusted by 1L+ Indians

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Trusted by 1L+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Shriram Finance Fixed Deposit: Up to 8.8% Interest Rates

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Shriram Finance Fixed Deposit: Up to 8.8% Interest Rates

Mar 21, 2024

15 Mins

Shriram Finance, an NBFC with an AA+ (Stable) credit rating, is offering fixed deposit interest rates starting from 8.2% for a tenure of 3 years. The interest rates for normal citizens range from 7.53% to 8.3%, while senior citizens can avail rates between 8.03% and 8.8%.

The minimum deposit required is ₹ 5000, with no maximum limit. Shriram Finance has its headquarters in Chennai and was incorporated in 1986. It offers various financial services including home loans, car loans, and personal loans. As of December 2022, it has 2,901 branches across India and an AUM of INR 1.77 lac crores.

Shriram Finance's fixed deposits have an AA+ (Stable) credit rating from CRISIL. Investors can use the FD calculator to compare returns with other top banks. Shriram Finance also offers flexible tenure and partial withdrawal facilities.

For an investment of ₹ 1,00,000 over 1 year at an interest rate of 7.53%, the total investment would be ₹ 1,07,795 with a wealth gain of ₹ 7,795. Shriram Finance FD schemes include both cumulative and non-cumulative options with different tenures and minimum investments.

There are no premature withdrawal options for the first 3 months, and a penalty of 2% is charged for withdrawals made before 6 months. Customers can open a Shriram Finance FD account through internet banking, a mobile app, or by visiting a branch. The required documents include a PAN card, photographs, and valid identification and address proofs.