Shriram Finance Ltd. (SFL) introduced a digital fixed deposit (DFD) scheme together with a fixed revenue plan (FIP) and recurring deposit which will likely be obtainable solely on the Shriram One App and web site.
Customers would be capable to get hold of a Shriram Unnati FD with a tenor of 15 months at a price of curiosity of 8.15%. Senior residents and girls depositors will get an extra advantage of 0.50% and 0.10% respectively, whereas all depositors can declare an extra advantage of 0.25% on renewal of the FDs, completed digitally or via on-line channels.
While Unnati FDs with different tenors will likely be obtainable each on-line and offline, the 15-month FD will likely be obtainable just for buy via the Shriram One App and its web site. The minimal deposit quantity is ₹5,000.
The minimal deposit for FIP and RD is ₹1,000 a month, the NBFC stated in an announcement.
“With our new digital-only offerings, we wish to accelerate the digital India movement and enable depositors to grow their wealth through convenient means. We aspire to provide our customers with tech-enabled services of the highest order,” stated govt vice chairman Umesh Revankar.
