Who can apply/ invest in Shriram Finance Ltd FD?
• Resident Individual • Company • Partnership Firm • HUF • Unincorporated Association or Body of Individuals • Trust & Foundation (*Please note that Shriram Finance Ltd is not registered U/S 11(5) of Income Tax Act, hence charitable trust may invest in Shriram Finance Ltd Fixed Deposits at their own risk.) Click here for more […]
What is the process for renewing a fixed deposit with Shriram Finance Ltd?
Deposits can be renewed from the date of maturity date if renewal instructions along with deposit receipts except for auto renewal, are received within 6 months from the date of maturity. In such cases the rate prevailing on the date of maturity will be applicable. Otherwise the same will be renewed prospectively and in such […]
Can I choose to receive the interest payouts monthly, quarterly or annually?
Yes, as an investor you can choose interest payouts options. Click here for more details about Shriram Finance Ltd Fixed Deposit
Does the broker share / offer a percentage of the commission as a kickback to the investor for investment in Shriram finance Ltd FD?
No, it is illegal for a broker to offer or share a percentage of the commission as a kickback to the investor for investment in Shriram Finance Ltd fixed deposits or any other financial instrument. Click here for more details about Shriram Finance Ltd Fixed Deposit
Do I have to pay any charges/ fees or brokerage / commission to the broker for Shriram Finance Ltd Fixed Deposit?
Investors do not incur any fees or brokerage charges while opening or maintaining fixed deposits with Shriram Finance Limited. Focus on inquiring about services provided rather than brokerage or commission fees. Click here for more details about Shriram Finance Ltd Fixed Deposit
What are the payment methods for investing in Shriram Finance Ltd Fixed Deposits?
There are several payment options available, you can opt as per your requirement. 1) Net Banking: If you have internet banking facilities with your bank, you can use this method to transfer the investment amount directly from your bank account to Shriram Finance Ltd. 2) UPI (Unified Payments Interface): Shriram Finance Ltd may provide UPI […]
How can I invest in Shriram Finance Ltd FD?
To apply for investments, visit www.sanriya.in & download application form 1. Affix a latest photograph of each investor. 2. PAN Card and Address Proof Photo Copy also self-attested by applicant/s. 3. One Cancelled Cheque copy. (For ECS/RTGS/NEFT payment of Interest /Maturity Amount.) 4. Investment Cheque / DD also should be drawn in favour of “Shriram […]
Can I get loan against my Shriram Finance Ltd FD?
The Company may offer a loan up to 75% of the deposit amount, at an interest rate two percent higher than the deposit rate, after three months from the deposit date. Loan cheques will be issued in favour of the first depositor. Click here for more details about Shriram Finance Ltd Fixed Deposit
Is Shriram Finance FD tax free?
Shriram Finance fixed deposits is like any other FD, So the taxes are applicable as per the income tax rule. TDS of 10% is deducted on interest exceeding Rs. 5,000 in a financial year (20% without PAN). Investors also with income below the tax slab can submit Form 15G/15H to avoid TDS deduction. As required […]
Is premature withdrawal allowed in Shriram Finance Ltd FD?
Yes, premature withdrawal allowed in Shriram Finance Ltd FD, details are as below: – 1) The company reserves the right to allow, at its absolute discretion, withdrawal of Fixed deposit before maturity. Where a deposit is so allowed to be prematurely withdrawn the relative deposit receipt must be discharged by all the depositors in case […]