Shriram City Union hikes deposit rates

MUMBAI Shriram City Union Finance has hiked deposit rates by 5-25 basis points across tenures starting October 14, reports Our Bureau. The highest increase of 25 bps is on deposits for 12, 18 and 24 months, which tranlates to 7%, 7.3% and 7.5%, respectively. The 60-month deposits earn 8.3%. The company has introduced an additional 10 bps benefit for women depositors and 50 bps for senior citizens.