Shriram City Union Finance zooms on offering highest interest rate on fixed deposits in market

23 Sep 2020 Evaluate

Shriram City Union Finance is currently trading at Rs. 906.05, up by 19.95 points or 2.25% from its previous closing of Rs. 886.10 on the BSE.

The scrip opened at Rs. 912.70 and has touched a high and low of Rs. 925.15 and Rs. 887.05 respectively. So far 461 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1571.65 on 03-Jan-2020 and a 52 week low of Rs. 617.00 on 29-May-2020.

Last one week high and low of the scrip stood at Rs. 996.25 and Rs. 830.85 respectively. The current market cap of the company is Rs. 5989.77 crore.

The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 32.44% and 33.64% respectively.

Shriram City Union Finance has provided up to 8.80% p.a. on its Fixed Deposit scheme New Delhi, Delhi, India (NewsVoir) Even as other banks and NBFCs have slashed interest rate on fixed deposits in the current challenging market scenario, Shriram City Union has launched a high yield cumulative fixed deposit (FD) scheme called ‘Shriram City Fixed Deposit (Cumulative & Non-Cumulative Scheme)’ with the tenure of up to five years that offers highest interest rate in the market much beyond the expectations of the investors.

Shriram City Cumulative Scheme offers 8.09% p.a. interest rate with an additional 0.40% p.a. interest to senior citizens which altogether results in an effective yield of 9.94% p.a. and 10.53% p.a. respectively. In Non-Cumulative scheme Shriram City offers up to 8.40% p.a. and additional 0.40% p.a. for Senior Citizens with monthly, quarterly, half-yearly or yearly interest pay-outs. The scheme is exclusively crafted in keeping with the financial needs of senior citizens.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.

Shriram City Union Share Price

1923.55 0.00 (0.00%)
28-Nov-2022 18:01 View Price Chart
Peers
Company Name CMP
Bajaj Finance 6552.90
Shriram Finance 2825.15
Aditya Birla Capital 188.90
SBI Cards AndPayment 683.15
Mah & Mah Finl. Serv 256.80
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