SHRIRAM TRANSPORT FINANCE CO LTD FIXED DEPOSIT
Background
Shriram Transport Finance Company Limited (STFCL), India's largest player in commercial vehicle finance, was established in the year 1979. The company has a network of 479 branches and service centres.
STFC is the flagship company of the Shriram Group which has significant presence in Chit Funds, Consumer Durable Finance, Life Insurance, General Insurance, Stock Broking, Property Development, Project Engineering, and Wind Energy among others.
Performance of Shriram Transport Finance Ltd Ended Profit B) Profit Aft
| Year Ended | Profit Before Tax in Lacs | Profit After Tax in Lacs | Dividend |
| 31.03.2006 | 21616.87 | 14146.10 | 30% |
| 31.03.2007 | 28922.42 | 19039.71 | 30% |
| 31.03.2008 | 60583.30 | 38982.65 | 50% |
| 31.03.2009 | 92063.11 | 61240.21 | 60% |
| 31.03.2010 | 132459.12 | 87311.74 | 60% |
Features of Shriram Transport Finance Ltd -- Fixed Deposits Credit Rating
"FAA+ by CRISIL" (Indicates High Degree of Safety)
"MAA+ by ICRA" (Indicates High Credit Quality)
Minimum Amount of Investments
Under Cumulative Scheme -- Minimum amount Rs 25,000 and additional amount of deposits will
be accepted in multiples of Rs 1000.
Under Half Yearly & Quarterly Plan -- Minimum amount Rs 25,000 and additional amount of deposits will be accepted in multiples of Rs 1000.
Maximum Amount of Investments
Maximum Amount – Rs 10 Crore
Rate of Interest
| Period | Fixed | Cumulative Yield | Maturity Value of 25k | ||
|
| Yearly % | Half Yearly % | Quarterly % | ||
| 1 Year | 8.75 | 8.57 | 8.48 | 8.75 | 27188 |
| 2 Year | 9.50 | 9.28 | 9.18 | 9.95 | 29975 |
| 3 Year | 10.00 | 9.76 | 9.00 | 11.03 | 33273 |
| 4 Year | 10.00 | 9.76 | 9.65 | 11.60 | 36600 |
| 5 Year | 10.00 | 9.76 | 9.65 | 12.21 | 40263 |
Who can apply
1. Resident Individuals,
2. Hindu Undivided Families (HUF) through their Karta.
3. Minors (through Natural Guardians),
4. Registered Trust
5. Partnership Firms and Corporate
Premature Withdrawals
MATURE WITHDRAWALS
a. Before 3 months from the date of deposit/renewal (Lock-in-period) No repayment (Not applicable in case of premature repayment in the event of death of the depositor**)
b. After 3 months but before 6 months No Interest*
c. After 6 months but before the date of maturity The interest payable shall be 2 percent lower than the interest rate applicable to a depositor for the period for which the deposit has run or if no rate has been specified for that period, then 3 percent lower than the minimum rate at which
deposits are accepted by the company*
Cheque/Demand Draft
Chq/ DD should be drawn on "SHRIRAM TRANSPORT FINANCE COMPANY LIMITED" and
crossed "Account Payee only"
Tax Deduction at Source
Income tax will be deducted at source from the amount of interest payment to the depositor in
accordance with the provision of the Income Tax Act, 1961. At present tax is deductible if the
aggregate amount of interest payment to a resident during a financial year exceeds Rs 5,000/-.
However Income Tax will not be deducted if declaration in Form 15G/15H, in duplicate, as
prescribed under the Income Tax Act, 1961.
Risk Factor
The deposits are unsecured and rank part passu with other unsecured liabilities of the Company
Please refer to the respective application form for detailed terms and conditions
To Apply this Deposit:
Dial: 0-9873016716, Email: info@safeinvestindia.com or Click Here
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