Fixed Deposite: Interest rates on FD will be increased up to 10 percent interest from January 1, read this for more...

There is good news for those investing in the new year. There is a good earning opportunity on Fixed Deposit i.e. FD. Shriram Finance Limited of Shriram Group has made a big increase in FD interest rates. Let's know the complete information about it.

Shriram Finance has increased FD interest rates by 5 to 30 basis points. That is, now those who get FD in Shriram Finance will get 0.30 percent more interest. After this decision, now you can get 9.36 percent interest on FD here.

Bumper interest on FD

Those who get FD done in Shriram Finance have got the gift of bumper interest. With the beginning of the new year, new interest rates will be available. From January 1, 2023, this is a good opportunity to earn interest on FD at the rate of 9.36 percent.

That is, if you are thinking of getting FD done in the new year, then you will not get a better chance than this. Along with the increase in interest on FD, an additional interest of 0.25 percent will also be available on all renewals.

A look at the new interest rates

New FD interest rates have been informed by Shriram Finance, according to which the company has changed the interest rates on FDs ranging from 12 months to 60 months. Senior citizens will get 0.50 percent additional interest as compared to normal customers. At the same time, women can get 0.10 percent additional interest on FD here.

If you get FD done for 12 months, now you will get an additional interest of 7.30% instead of 7%. At the same time, 0.15 percent more interest will be given on the interest of FD of 60 months. That is, now you will get 8.45 percent interest on it.

They will get bumper returns

According to the new interest rate of Shriram Finance, if a woman is a senior citizen, then she will get the benefit of a 9.36 percent interest rate on 60 months of FD. For 60 months of FD, general customers get interested at the rate of 8.45 percent.

While senior citizens will get the benefit of interest at the rate of 50 basis points more i.e. 8.99 percent for the same tenure. On the other hand, women senior citizens will get the benefit of 9.36% (8.45% + 0.10% + 0.50% + 0.25%).