SHRIRAM TRANSPORT FINANCE FIXED DEPOSIT SCHEME :
About the Company
STFCL, incorporated in 1979, is part of the Shriram group of companies. The company is registered with the Reserve Bank of India as a deposit-taking, asset-financing, non-banking financial company. STFCL predominantly finances CV (both used and new) purchasing, although it has also started to finance the purchase of tractors, passenger vehicles, earth-moving equipment, and large agricultural equipment, among others. The company has a pan-India presence, with 482 branches as on December 31, 2009.
For the nine months ended December 31, 2009, STFCL reported a total income and a profit after tax of Rs.32.5 billion and Rs.6.1 billion, respectively, against Rs.27.3 billion and Rs.4.6 billion, respectively, for the corresponding period of the previous year.
Source : http://www.crisil.com/
Fixed Deposit : Rate of Interest :
Yearly % (p.a)
Half Yearly % (p.a)
Quarterly % (p.a)
CUMULATIVE YIELD %(p.a)
MATURITY VALUE FOR RS. 25000
Who Can Apply?
Resident Individuals, HUF, Trust, Firms, Corporate, Senior Citizens, Minors
Minimum Investment: Rs.25000 and in multiples of Rs.1000 there after.
Maximum Investment: Rs. 10 Crores.
· Quarterly, Half yearly, annually.