The post-pandemic world has laid more emphasis on financial well-being – specifically, less capital erosion and low-risk & high-return investment options are increasingly becoming popular. There are limited investment options in this spectrum, and Shriram Fixed Deposit has become one of the popular investment choices.
Why Investors Consider Shriram Fixed Deposit
The driving factors that make Shriram Unnati Fixed Deposit an ideal choice to kick-start your investment journey this year:
- Shriram Finance Fixed Deposit offers interest rates of up to 8.15%* p.a., including an additional interest rate of 0.50%* p.a. for senior citizens and 0.05%* p.a. for women depositors, depending on the chosen tenure and payout option. Investors can choose between cumulative and non-cumulative options based on their income needs.
- Fixed Deposits offer predetermined interest rates that typically remain unaffected by market fluctuations. This makes them suitable for investors seeking stability and clarity in returns.
By investing in Shriram Unnati Fixed Deposit, investors can earn attractive interest rates. It has been trusted by people and offers flexible tenure. Shriram Finance offers an additional rate of 0.05%* p.a. for women depositors to encourage women to make financial investments of their own. Senior Citizens can avail of an additional benefit of 0.50%* p.a. on their Fixed Deposit investment. Upon renewal of their fixed deposit, one could earn additional interest of up to 0.15%* p.a.
How to Optimise Your Fixed Deposit Strategy
One way to manage returns efficiently is through fixed deposit laddering. By investing across different tenures, you can maintain liquidity while benefiting from competitive rates. The most critical part about investing in a fixed deposit would be to invest in the right option that pays consistently and also aligned with your financial goals.
Before investing, compare tenure options, payout frequency, and applicable rates to choose a structure aligned with your financial goals.
Need help with calculating returns on your fixed deposit investment? Kindly use our Fixed Deposit Interest Calculator and instantaneously calculate your returns.
How to Apply for Shriram Fixed Deposit?
Step 1: Register using your mobile number.
Step 2: Enter your investment amount, select the tenure, and provide your PAN details.
Step 3: Complete KYC verification and submit the required depositor information and declarations.
Step 4: Verify your bank account details.
Step 5: Add nominee details and complete the payment online.
Step 6: Download your Fixed Deposit certificate.
What are you waiting for? Kickstart your fixed deposit journey and earn returns with Shriram Fixed Deposit.
Key Highlights
Shriram Finance offers interest rates up to 8.15%* p.a. on fixed deposit investments (inclusive of an additional 0.05%* p.a. for women depositors and 0.50%* p.a. for senior citizens). Check the latest rates for accurate information.
Applying for Shriram Fixed Deposit is easy, hassle-free, and instantaneous.
FAQs
What is the highest FD interest rate that Shriram FD offers now?
Shriram offers an attractive interest rate of up to 8.15%* p.a., which is inclusive of the additional 0.50%* p.a. for senior citizens and 0.05%* for p.a. women depositors.
Is the interest rate on Shriram Finance FD fixed or floating?
The interest rates on Shriram Finance are predetermined and fixed at the time of application. They would not be affected by the market changes, ensuring the depositors get steady returns on maturity.
Can I avail a loan against my Shriram Finance FD?
Yes, depositors may avail of a loan against their Fixed Deposit, subject to the applicable terms and conditions.
Should I invest in cumulative or non-cumulative fixed deposit?
The choice depends on your financial needs. If you prefer regular interest payouts, a non-cumulative Fixed Deposit may be suitable. If you wish to reinvest the interest and receive the maturity amount at the end of the tenure, a cumulative Fixed Deposit may be considered.