Best Recurring Deposit Interest Rates - Up to 8.50% at Shriram (1) - PowerPoint PPT Presentation

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Best Recurring Deposit Interest Rates - Up to 8.50% at Shriram (1)

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Recurring deposits are a type of fixed-income investment. It offers a guaranteed return on maturity. The interest rate is known before investing the money. – PowerPoint PPT presentation

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Title: Best Recurring Deposit Interest Rates - Up to 8.50% at Shriram (1)


1
How to Apply for Recurring Deposit
2
How to Apply For RD
  • To invest in recurring deposit the depositor may
    invest through physical application form.
  • Application for recurring deposits should be made
    only on the forms prescribed by the Company along
    with A/c payee cheque favoring Shriram.
  • Completely  filled application form along with
    the necessary documents Company favoring
    Cheque/DD are to be sent to the nearest branch of
    the company.

3
Why recurring deposit is the best investment?
  • Guaranteed returns
  • Flexible Timeline
  • Higher Interest Rates
  • Mitigates Risk

4
Shriram RD Interest Rates
  • INTEREST RATES-ON RECURRING DEPOSITS (w.e.f. 1st
    August 2021)

Period (months) Rate (p.a. at Monthly rests) Maturity value for monthly installment of Rs. 500/-
12 7.03 6,230
24 7.12 12,930
36 8.18 20,460
48 8.34 28,565
60 8.5 37,500
5
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