How is the interest paid in Shriram Finance Ltd FD?
Published · Updated · 1 min read
The interest earned on Shriram Finance Ltd FDs can be paid out two different modes. One is cumulative option the interest compounded on a quarterly & paid on maturity of the FD. The other one is non- cumulative option which is paid monthly, quarterly, half yearly & yearly.
Interest is also compounded at monthly rest for Cumulative deposit and non-Cumulative deposit where interest pay-out is Quarterly/Half-yearly/Yearly. Interest [net of TDS, if any] will be credited to the depositor ledger on 31st March of each year.
Interest payment for Non-Cumulative Deposit will be made only through National Electronic Fund Transfer (NEFT) as per the below given schedule
Non-Cumulative – Monthly : Last day of every month
Non-Cumulative – Quarterly : Last day of March/June/September/December
Non-Cumulative – Half Yearly : Last day of March and September
Non-Cumulative -Yearly : Last day of March
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