Shriram Transport Finance FD Scheme

by Manshu on May 13, 2010

in Fixed Deposits

Shriram Transport Finance has come out with a fixed deposit (FD) scheme, and here are some details about their offer.

The Shriram Transport FD can be taken out for tenures of 12, 24, 36, 48 and 60 months, and investors can either opt for cumulative or non – cumulative deposits. The minimum investment is Rs.10,000 and multiples of Rs.1000 after that.

Here is the quarterly per annum interest rate for the different durations on the Shiram Transport Finance FD.

Tenure Interest Rate
12 8.00%
24 8.50%
36 9.00%
48 9.00%
60 9.00%

As I look at the bank interest rates page to check out the current interest rate given out by banks in India, I see that most banks are paying 6.25% or 6.50% for 1 year, and up to 7.50% for 5 years, so this is clearly higher than what banks pay. The reason for that is the credit of Shriram Transport Finance is not as good as the major Indian banks, that is the reason they pay extra for raising money through a FD. In fact, Business Line said that investors with a high risk appetite should consider a FD from Shriram Transport Finance. This was back in June 2009, and the interest rates offered were higher still.

For whatever it’s worth, Fitch has assigned a tAA (investment grade) rating to this offering. Here is a link to the application form, if you are interested in this FD. You can also invest through your broker like ICICI Direct.

{ 48 comments… read them below or add one }

Manali zaveri May 14, 2010 at 3:57 AM

Hi,

I wish you could tell me which stock investing broker you use? and charting software if any?

any favourite websites/magazine/news letter you subscribe?

Reply

Manshu May 14, 2010 at 4:04 AM

I use ICICI Direct because that’s the one I started out with. I never did an analysis to see if that was the cheapest or not, but I started with that a few years ago, and since it is fairly easy to use and I don’t trade that much, so I stuck with that.

I don’t do any charting, outside of maybe looking at data from NSE’s website in a excel sheet every once in a while. I read a fair bit, and regularly go through the Economist, Business Standard, Business India, and maybe I will write a more detailed post on what I read a little later today.

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Manali zaveri May 14, 2010 at 8:40 PM

thanks..

I was looking for some cut above research tools 😀

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Manshu May 14, 2010 at 8:55 PM

Sorry to disappoint you….but I don’t use anything out of the ordinary at all 🙂

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RAVINDRA S PATIL July 1, 2010 at 11:31 PM

CAR LOAN REQURED

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Naresh August 15, 2010 at 7:02 AM

I use majorgainz.com and ODIN Diet from Prabhudas Lilladher Pvt. Ltd. who are most reliable brokers for more than 6 decades & their research & investment advise is quite good.

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harish August 30, 2010 at 7:44 AM

i want details about

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Gopinath Pal September 7, 2010 at 2:11 PM

Hello,
Please kindly give me the information regarding your fixed deposit. I want to invest some amount of money in your company. My mobile num : 9028881649

Regards
Gopinath Pal

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nitin ahuja September 10, 2010 at 2:15 AM

i am busineess planner for anandrathi one of my client wants to invest 4.oo lacs in shriram fd scheme wheather 15 g is applicable

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Hemant Ohri May 12, 2011 at 1:09 AM

I am Doing all Fixed Deposit of Shri Ram and NCD”s
To Invest Please Contact me Mobile No : 9990240818 – Hemant Ohri

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K.Prashant September 24, 2010 at 9:07 AM

I have deposited Rs 25000/- as FD on 24/09/2010 in Shriram Tr Fin throgh the ICICI direct.com
Pl inform me asto where I should send 15G form to prevent TDS.
Pl also inform if TDS would be deducted on this small FD.
Thanking you,
Yours faithfully,

Kumar Prashant
Application no7062001

Reply

Hemant ohri June 20, 2013 at 12:13 PM

No Form 15 G Require because the Interest of FDR less than 5000/- in 1 Financial Year

Hemant Ohri
Financial Advisor
Mob : 9990240818

Reply

LB SHARMA September 26, 2010 at 11:06 AM

I am purching a Fd in Rs 25000/ through icicidirect .com of my demat account as on 12 July 2010 but certificate not recived till date, so i request please send my cerificate.

Account : 8501701536
PORTFOLIO TRACKER help
Instrument Scheme Option Amount Action
Shriram Transport Finance Fixed Deposits CUMULATIVE SCHEME – 60 MONTHS CUMULATIVE SCHEME 25,000.00 P
Total 25,000.00

Reply

karthick November 12, 2010 at 12:42 AM

hi i have a subiksha bond of fd 1,50,000 so i have to sale the bo9nd r u intersted mail me on [email protected]

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Naresh November 12, 2010 at 7:44 AM

FDs cannot be demated

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Johnson September 29, 2010 at 11:02 AM

Cochin Stock Brokers Ltd (subsidiary of Cochin Stock Exchange Ltd) is definitely a good broker for trading in the equity segment of BSE and NSE as their brokerage and depository chargges are quite reasonable.

Reply

karthick November 12, 2010 at 12:41 AM

hi,
i am karthick resident in bangalore i have so many problems so kindly refund my amount…….

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Manshu November 12, 2010 at 4:42 AM

Karthick, wood-sculpture is a blog, and not affiliated with Shriram Transport. Please get in touch with them directly to resolve your issue. See this link for their contact info:

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gita gupta November 18, 2010 at 5:11 AM

Dear sir, I am interested to put my money in FD through your scheme for 3 or 5 years . Pl send me the current interest rates offered by you . And I am in Lucknow so where can I get the form and deposit it ?

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Manshu November 18, 2010 at 7:30 AM

wood-sculpture is a blog, and not an agent for these fixed deposits so I can’t sell you this myself. Please contact a broker like ICICI Direct or any other agent to buy this Gita.

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mithilesh November 18, 2010 at 8:33 AM

sir,
i am invested in subiksha plan of shriram transport finance company in 2007
now i need in money, can i get loan on these. fd it will mature in 2013

Reply

mithilesh November 18, 2010 at 9:05 AM

i want to transfer my fd subiksha to any person fd intrestedperson mail me

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Manshu November 18, 2010 at 1:28 PM

Check with them if they will give you a loan against the FD like some banks do.

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R.B.Kulkarni December 7, 2010 at 7:22 AM

Dear sir, I am interested to put my money in FD through your scheme for 1to 3 years . Pl send me the current interest rates offered by you . And I am in aurangabad so where can I get the form and deposit it ?

0

Reply

Manshu December 7, 2010 at 9:24 AM

You can buy this through brokers like ICICI Direct, or try and call them up directly to see who can sell this to you in Aurangabad. I’m not an agent so can’t help you much on this.

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AASHOK S December 15, 2010 at 10:29 PM

I am keen for 2 lac FD on Sriram Tpt. Kindly let me know their contact No & address in South Delhi.

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Manshu December 17, 2010 at 10:41 PM

You can get this through a broker like ICICI Direct if you have an account. I’m not aware of their address in South Delhi, so will not be able to send that to you. Sorry.

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CHANAKYA SHARMA May 23, 2011 at 10:35 PM

Dear Sir,
I had made FD with Shriram Transport Finance thru ICICI direct. com online. This FD is getting matured on 31.5.2011. I would like to know – wheather this matured FD payment will be credit to my ICICI bank account thru ECS or not.
please clarify

Regards

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Hemant Kumar January 12, 2011 at 1:41 AM

We deal in all types of fixed deposit as Sri Ram Transport, Ankur Drug, Unitech, JP Infra, etc if you interested to invest in Fixed deposit Schemes Please Contact me Mob No : 9990240818, Nehru Place New Delhi

Reply

VIREN PATEL January 29, 2011 at 10:19 AM

Dear sir, I am interested to put my money in FD through your scheme for 1to 3 years . Pl send me the current interest rates offered by you .
pl send your rate ?

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deepak March 2, 2011 at 4:43 AM

i am interested to fd in sriram transport & finance pvt ltd. I want guwahati office address and phone no. thanks

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Manshu March 3, 2011 at 8:27 AM

Google it up.

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rajashekhar V April 30, 2011 at 9:27 PM

please let me know the intrest rates for 3 years fd in sriram transport finance ltd and send me the
address and phone No. of nearest branch in mahaboobnagar district, shadnagar, AP.

thanks

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Marquita February 5, 2012 at 1:18 AM

Good to hear that Mukesh Ambani’s comapny is doing well. He’s keeping a low profile and going about his business unlike his younger sibling who’s getting embroiled in one controversy after another

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Pawan Kumar Srivastava June 3, 2011 at 5:01 AM

i want to know abour 3 years fd rates

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Ajay July 15, 2011 at 8:28 PM

Dear Sir/Madam
I want to know about the fixed deposit scheme for 3 Years-5Years.What is NCD and it is compulsory to have deemat A/c for opening this FD scheme.
Give reply as soon as possible

Thanks&Regards
Ajay Das

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C D Mishra July 28, 2011 at 1:16 PM

I am interested to invest in your co. 5 lacs & more plsend your best interest rate for short time F D deposit

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Rohit Doharey December 10, 2011 at 1:57 PM

Job+ couries

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sumit January 15, 2012 at 10:05 PM

i had invested rs. 20,00,000/- in Shriram Transport Finance Corp. Ltd for 36 months. now the investment is due to mature and i would like to invest the basic amount further for long term in to some thing which would give me better results
Please advise.
Thanks.

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Manshu January 16, 2012 at 10:01 PM

A lot of tax free bonds have come up in the past few days and are expected to come up in the next few days as well. Those will give you a higher post tax yield than these bonds. You can talk to your fin adviser or agent to look at some of those options.

Reply

VIJAY SAKHARAM SARVE March 2, 2012 at 1:12 PM

I AM HAVING FIXED / DEBENTURE BOND DEPOSITS WITH STFC. I want to do correspondence. Kindly send me E.MAIL address of stfc Mumbai. thanks.

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Pradeep Bahal March 20, 2012 at 12:03 PM

Dear sir,
My FDR no. 4883735 for Rs. 25000/- matured on 03-03-2012 and was sent for maturity payment on 25-02-2012 . Till date maturity payment is not received . I repaetedly contacted at your office at telephoneno. 044 24990356 but no satisfactory reply is given by your staff . Please advise the status of refund of maturity amount and send the maturity payment without any delay.

Thanking you,

Reply

Pradeep Bahal March 20, 2012 at 12:04 PM

Dear sir,
My FDR no. 4883735 for Rs. 25000/- matured on 03-03-2012 and was sent for maturity payment on 25-02-2012 . Till date maturity payment is not received . I repaetedly contacted at your office at telephoneno. 044 24990356 but no satisfactory reply is given by your staff . Please advise the status of refund of maturity amount and send the maturity payment without any delay. My tel no. is 9453022346 .

Thanking you,

Reply

vas June 20, 2012 at 10:28 PM

lakshmivilas bank gives you highest deposit rate in the market. it was established in 1926

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Smta Nanda July 29, 2013 at 9:30 PM

It is very very unfortunate and unprofessional on the part of Shriram Group that they have not released my maturity value of Fixed deposit made with Shriram Transport Finance Company Ltd.The details are given below:
Deposit Certificate No- 4813961
Date of Deposit- 17/07/2010
Amount- Rs 30000.00
Tenure- 3 years
Maturity Date- 17/07/2013
The Deposit Receipt properly discharged, with cancelled ICICI Cheque, was personally handed over in your Bhubaneswar, Orissa, Branch on 04-07-2013 i.e. well before the maturity date.
On enquiry from the branch,it was told to me that the deposit receipt has been sent to Kolkatta Office for payment.This type of delay was not expected from a reputed company like yours.
While other companies credit the maturity amount on the maturity date,your company has delayed it by 12 days till date.
Therefore, I request you to pay the interest for the delayed period @ it was given in the Deposit.
Looking forward to immediate credit of the maturity amount with the delayed period interest.

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Prabhat Kumar Chatterjee September 29, 2014 at 8:09 PM

We have(Myself Prabhat Kumar Chatterjee & My Son Jaideep Chatterjee) has Invested Rs10.0Lakh &5.0Lakh respectivelt(Vide FD Certificate Nos:50302017for Jaideep & 50302016 & 17 for Prabhat Kumar Chatterjee,but we have not received our Certificates al though Money deducted from our bank A/c w.e.f 05-09-14. No Accrued Intt deposited(Broken Part wef 050914 to 250914 to our Bank A/cs through ECS.This is unetgical & Irregular. Pl rspond immediately
P.K.Chatterjee
08100319518/09831302510

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Prabhat Kumar Chatterjee September 29, 2014 at 8:14 PM

We have(Myself Prabhat Kumar Chatterjee & My Son Jaideep Chatterjee) has Invested Rs10.0Lakh &5.0Lakh respectivelt(Vide FD Certificate Nos:50302017for Jaideep & 50302016 & 17 for Prabhat Kumar Chatterjee,but we have not received our Certificates al though Money deducted from our bank A/c w.e.f 05-09-14. No Accrued Intt deposited(Broken Part wef 050914 to 250914 to our Bank A/cs through ECS.This is unethical & Irregular. Pl rspond immediately.
Response from Sri Ram & Bazaz Capital office,Kolkata(Madam Navneeta–M–09433069834, through whom we invested is very poor & discouraging. What is going on in Sri Ram Transport–Is it another Scamster? Do you think Legal Action is required?
P.K.Chatterjee
08100319518/09831302510

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Kavita January 16, 2015 at 5:10 PM

hi i have a 7 year subiksha bond 20,000 (2 year complited) so i have to sale the bond r u interested mail me on [email protected]

Reply

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