Monthly Income Scheme in Sriram group!

[lokeshz]

I am talking about the Sriram Transport's Fixed Deposit with Minimum investment Rs.25000/-. Who's rating is - RATING FAA+ by CRISIL and MAA+ by ICRA.

[Madhura]

I am talking about the Sriram Transport's Fixed Deposit with Minimum investment Rs.25000/-. Who's rating is - RATING FAA+ by CRISIL and MAA+ by ICRA.

I personally avoid them because -
Are public deposits guaranteed by RBI?
No. Though the fixed deposits of SHRIRAM TRANSPORT FINANCE COMPANY LIMITED are within its regulatory framework, RBI does not undertake any responsibility for the repayment of deposits/discharge of liabilities by SHRIRAM TRANSPORT FINANCE COMPANY LIMITED. The depositor is advised to satisfy himself about the financial position and all relevant aspects before placing his deposit.

[lokeshz]

Thanks Madhura! Pointing this to me.

[PolicyWala]

Thanks Madhura! Pointing this to me.

Lokeshz - You can try IFCI Bonds, read here - http://www.policywala.com/forum/show...fci-bond-issue