Shriram Finance to revise interest rates on fixed deposits from June 26
As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50% per annum while women depositors would receive an additional 0.05% per annum on fixed deposits.
For deposits of 12 months, the existing rate of 7.65% would be revised to 7.35% while for deposits made through digital mode for a period of 15 months would be revised to 7.50% from the current 7.90%, Shriram Finance said in a company statement on Wednesday.
For 18 months, the interest rates would be revised to 7.40% (current 7.80%), 24 months 7.50% from the existing 7.90%.
Interest rates would be revised to 8% (from the existing 8.40%) on deposits with a tenure of 36, 50 and 60 months, respectively.
Shriram Finance said the interest rates on Fixed Investment Plans (FIPs) which are available via the 'Shriram One' mobile application and website would also be revised from June 26, 2025.
Shriram Finance Ltd currently has a pan India presence of 3,220 branches and an employee base of 79,872. It serves about 95.56 lakh customers, it said.
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The Hindu
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Investors want to buy multiple financial products under a single umbrella, says Shriram Wealth's Vikas Satija
Chennai-based Shriram Group, which recently announced its foray into the wealth management business in partnership with South African financial services player Sanlam Group that globally manages assets worth over $80 billion, said it would serve India's growing base of affluent and high-networth investors with personalised solutions designed with the help of artificial intelligence. Shriram Wealth, the wealth management arm of the group, said it would offer a range of services including wealth management, lending solutions, protection solutions, global investment opportunities, inheritance and legacy planning. On market potential, Vikas Satija, Chief Executive Officer and Managing Director, Shriram Wealth told The Hindu that: 'India has 30 lakh households with each home having investable financial assets in excess of ₹2 crore. This opens up a huge market opportunity for wealth- management business.' Although new investor behaviours have been constantly evolving, the traditional Systematic Investment Plan (SIP) alone attracted ₹26,000 crore a month, which amounts to savings of ₹2,64,000 crore a year. 'This gives lot of depth to the capital market today and SIPs can even help absorb some of the pressure from Foreign Institutional Investor exits and overall, manage the pressure on the markets,'' Mr. Satija said. On emerging investor trends, Mr. Satija, said clients were increasingly looking forward to buying multiple products from a single company, unlike the conventional way of going to banks/NBFCs for deposits, insurance firms for various insurances, someone else for mutual funds etc. 'The emerging trend is, customers now prefer to buy all what they want, in terms of alternate investments, under a single umbrella. They want a Swiggy or Zomato for financial services,'' he observed. Paul Hanratty, CEO, Sanlam Group said, 'We see wealth management as a natural evolution as India's economy grows, and people become wealthier. Our aim is not just to manage money, but to create meaningful solutions. This isn't a short-term play; we're here to build a trusted, customer-first wealth business in India for the next 100 years.'' Shriram Wealth said primary target audience would be typically individuals in the 45 years plus, as generally wealth resided in that age group while additional thrust would be on customer relationship over number of transactions. The company would also be deploying artificial intelligence to enable personalised advisory, to make risk profiling sharper to ensure real-time portfolio recommendations. A digital mindset would make Shriram Wealth a provider that is anticipating investor needs rather than just responding. Subhasri Sriram, MD & CEO, Shriram Capital said, the new business, wealth management, was a mission of the company to unlock financial prosperity for millions of Indians.
The Hindu
18-06-2025
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Shriram Finance to revise interest rates on fixed deposits from June 26
Shriram Finance Ltd., the flagship company of the diversified conglomerate Shriram Group, would revise its interest rates on fixed deposits with effect from June 26, the company said on Wednesday. As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50% per annum while women depositors would receive an additional 0.05% per annum on fixed deposits. For deposits of 12 months, the existing rate of 7.65% would be revised to 7.35% while for deposits made through digital mode for a period of 15 months would be revised to 7.50% from the current 7.90%, Shriram Finance said in a company statement on Wednesday. For 18 months, the interest rates would be revised to 7.40% (current 7.80%), 24 months 7.50% from the existing 7.90%. Interest rates would be revised to 8% (from the existing 8.40%) on deposits with a tenure of 36, 50 and 60 months, respectively. Shriram Finance said the interest rates on Fixed Investment Plans (FIPs) which are available via the 'Shriram One' mobile application and website would also be revised from June 26, 2025. Shriram Finance Ltd currently has a pan India presence of 3,220 branches and an employee base of 79,872. It serves about 95.56 lakh customers, it said.
Time of India
18-06-2025
- Time of India
Shriram Finance to revise interest rates on fixed deposits from June 26
Shriram Finance Ltd , the flagship company of the diversified conglomerate Shriram Group, would revise its interest rates on fixed deposits with effect from June 26, the company said on Wednesday. As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50 per cent per annum while women depositors would receive an additional 0.05 per cent per annum on fixed deposits. For deposits of 12 months, the existing rate of 7.65 per cent would be revised to 7.35 per cent while for deposits made through digital mode for a period of 15 months would be revised to 7.50 per cent from the current 7.90 per cent, Shriram Finance said in a company statement on Wednesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo For 18 months, the interest rates would be revised to 7.40 per cent (current 7.80 per cent), 24 months 7.50 per cent from the existing 7.90 per cent. Interest rates would be revised to 8 per cent (from the existing 8.40 per cent) on deposits with a tenure of 36, 50 and 60 months, respectively. Live Events Shriram Finance said the interest rates on Fixed Investment Plans (FIPs) which are available via the 'Shriram One' mobile application and website would also be revised from June 26, 2025. Shriram Finance Ltd currently has a pan India presence of 3,220 branches and an employee base of 79,872. It serves about 95.56 lakh customers, it said.
