Shriram City Union Finance Ltd. (Shriram City), one of the leading Non-Banking Financial Company (NBFC), and part of the Shriram Group, declared a 5 to 25 basis point (0.05%p.a. to 0.25%p.a.) rise in fixed deposit rates across different tenures. Following the modification, the general public will now be eligible for a maximum interest rate of 8.30% on FDs, while senior citizens will be eligible for a maximum interest rate of 8.80% commencing October 14, 2022. The company also introduces a special benefit for women, with an additional 10bps p.a to be paid on all FD rates to women depositors.