The one thing we always check during the process of financial planning is the safety of our investments. In volatile times like this, the security and stability of our hard-earned money have become even more crucial. While equities do generate handsome returns, they do go through cyclical phases.
The key to success is a diversified portfolio that has a balance of returns and stability. Fixed Deposits have always been the go-to investment option for Indians since time immemorial. Whenever we think about the safety of our investment, we think about Fixed Deposits.
Shriram City Union Finance Fixed Deposit is one such product that will not only take care of your money in uncertain times but also reward you in the long-term. With the fall in interest amid the global recessionary climate, it is best to park your money in trusted names like the Shriram City Union Finance Fixed Deposit.
If you are looking at higher interest rates, better management, and a plethora of benefits, Shriram City Union Finance FD is the answer. At 8.25% p.a, Shriram City Union Finance FD Rates are currently quite an enviable option in the market. It offers one of the highest FD interest rates compared to its peers.
If you want to reap the advantage of Shriram City FD rates from the comfort of your home, you can check out the Shriram City Union Finance or SCUF online deposits.
Before that, let us take a look at Why the Shriram City Union Finance Fixed Deposit is one of the most lucrative investment options for you.
Shriram City FD has the most credible rating, which resonates with the brand name of Shriram City Union Finance. Its fixed deposit has “FAAA/stable” conferred by CRISIL, whereas ICRA has conferred the “MAA+/stable” rating. CRISIL’s rating indicates the safety of the investment, while ICRA’s rating is a sign of its high credit quality. Besides this, the Shriram City FD also has an AA+ rating from CARE. These ratings indicate that your investment will be safe, and the chances of default by Shriram FD are absolutely minimal. The credibility of the Shriram City Union Finance FD is guaranteed, and you can get your returns without any hassles.
Shriram City Union Finance Fixed Deposit offers two kinds of deposits, and it boasts one of the highest FD interest rates in the market.
Cumulative: This is a deposit, wherein the interest is paid during maturity along with the Principal amount. Shriram City Union Finance FD accepts these deposits in multiples of Rs 1,000 wherein you can start the deposits with the minimum amount of Rs 5,000. The interest rates for the Cumulative deposit starts from 7.01% p.a for a period of 12 months to 7.95% for a period of 60 months.
Non-Cumulative Deposit: In this deposit, you can get the interest on a monthly/quarterly/half-yearly and yearly interval. These deposits also accept multiples of Rs 1,000 wherein the minimum amount of deposit is Rs 10,000. The Non Cumulative deposit's interest rates start from 7.01% p.a for 12 months to 8.25% for 60 months.
Senior citizens are very cautious with their money and look for investment options that offer safety, credibility, and assured returns. If they want to invest in FD, Shriram City FD can be an ideal avenue for them. Shriram City Union Finance Fixed Deposit offers an extra benefit of 0.40% p.a. on the interest rate of cumulative deposits across all tenures for senior citizens.
Retired senior citizens always look out for investment that has a high degree of liquidity. They want it so that they can access their funds whenever the need arises.
Shriram City Union Finance FD keeps this in mind and provides the option of Monthly/Quarterly/Half Yearly/Yearly interest payout through its non-cumulative fixed deposit.
Shriram City Union Finance (SCUF) is a part of the Chennai-based Shriram Group, which is 46 years old. Shriram City, established in 1986, is a leading non-banking financial company (NBFC) that has a strong presence in the retail finance space. The standalone AUM stood at nearly Rs29,085 crore in Mar 2020. With an NBFC as established as the Shriram City Union Finance, you can be confident of placing your money in trusted hands. Their proven track-record spanning three decades would ensure that your Fixed Deposit will stay safe. You can access your funds anytime you want by following a simple withdrawal process.
You can now reap the advantages of handsome returns and safe investments from the comfort of your home. As you look after your safety, SCUF online deposits will ensure a seamless experience for you. All you need to do to invest in Fixed Deposits online. All you need to do is to fill in the relevant details. Choose the scheme of your choice, whether cumulative or non-cumulative and the deposit amount. This information, along with your personal details, bank details, and relevant proof, would be enough to initiate SCUF online deposits. Now relax, sit back, and enjoy the rich rewards of safe investment in Shriram City Union Finance Fixed Deposit.
is not just your best bet as a safe investment option, but also your trusted partner in times of financial need. You can also avail loan against your Shriram City FD up to the maximum 75% of deposit value after at least three months of your fixed deposit account. In this case, the rate of interest would be 2% over the interest rate of your fixed deposit scheme.
Financial decisions taken in haste and without proper planning can lead to situations of distress, especially in uncertain times such as now. For a rewarding financial portfolio, it is imperative that you have all the necessary elements in your basket.
Shriram City Union Finance Fixed Deposit is one of them. With one of the highest FD interest rates in the country, it truly signifies that your investment is not just secure but also reaps richer rewards. A broad base of investors spanning across India has placed their trust in Shriram City. The above factors are potent reasons why you must also consider investing in Shriram City FD as a critical tool in safeguarding your finances.
For Fixed Deposits, one needs to stay informed, as there are many scam sites and false agencies; one can’t risk a big financial decision like FD. You are never alone to ask for help; there are top-notch investment advisors who are here to help you with your financial plans. They are here to help you with market-rate fluctuations and guide you on a less risky path.