Mumbai, May 19: Shriram City Union Finance said it has hiked its fixed deposit rates by 15-25 basis points (bps) across different tenors. The increased rates apply to tenors between 36 and 60 months. The rates for 12-24 month tenors are unchanged. The rates have been raised for the 36-month tenor by 25 bps, 48-month tenors. By 20 bps and 60-month tenors by 15 bps. Also, an additional interest of 0.50 per cent per annum will be paid to senior citizen depositors. Up from 0.30 per cent earlier. The new rates come into effect from May 20.
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