Features and Benefits of Fixed Deposit

Shriram Unnati Fixed Deposit offers attractive returns with interest rates up to 8.15%* p.a., including an additional 0.50%* p.a. for senior citizens and 0.05%* p.a. for women depositors. With flexible tenure options ranging from 12 to 60 months, this fixed deposit meets diverse investment needs. Accredited with “Rated "CARE AAA; STABLE" By CARE Ratings Limited, "Crisil AA+/Watch Positive" by CRISIL Ratings Limited, and "[ICRA]AA+; Watch Positive" by ICRA." by India Ratings and Research, Shriram Unnati Fixed Deposit is recognised as a reliable choice.

A minimum investment of ₹5000 is all it takes to start growing your wealth. Begin your investment journey today and make the most of these fixed deposit benefits.

What Are the Features of a Fixed Deposit?

Shriram Unnati Fixed Deposit is a popular investment choice due to its attractive features. Some of them are:

Higher Interest Rates

Shriram Unnati Fixed Deposit offers higher returns of up to 8.15%* p.a. inclusive of a special interest benefit of 0.50%* p.a. for senior citizens and 0.05%* p.a. for women depositors.

Flexible Tenure Options

Choose from a range of tenures starting from 12 months and going up to 60 months to suit your financial goals.

Reliable Investment

Shriram FD is backed by strong credit ratings from ICRA and India Ratings and Research such as "Rated "CARE AAA; STABLE" By CARE Ratings Limited, "Crisil AA+/Watch Positive" by CRISIL Ratings Limited, and "[ICRA]AA+; Watch Positive" by ICRA."

Minimum Investment Amount

The minimum amount required to open a Shriram Unnati Fixed Deposit is ₹5000.

Customised Pay out Options

Shriram Unnati FDs offer two types of fixed deposit pay-out options- cumulative (interest compounded until maturity) and non-cumulative (interest paid as regular pay outs: monthly, quarterly, half-yearly, or annually).

Goal-based Planning

You may opt for a cumulative scheme if you have goals that need funding after a few years. If you are looking towards a regular pay out option a non-cumulative scheme offers a good avenue.

Manage Multiple FDs

One of the important fixed deposit benefits is you can open multiple fixed deposit accounts and manage all your finances with ease.

Convenient Online Process

Open a Shriram Fixed Deposit online in just four easy steps. Conveniently invest from anywhere with the online application.

Advantages of Fixed Deposits

When planning to invest, it is essential to consider both the potential returns, and the level of risk involved. Fixed Deposits (FDs) offer a balanced option for those seeking consistent returns without the need for constant market monitoring.

Here is how FDs can be advantageous compared to other investment options:

Consistent Earnings

FDs provide reliable returns, helping investors plan their finances without worrying about market volatility, unlike stocks or mutual funds where returns fluctuate

No Market Influence

The returns on FDs are not impacted by market trends, making them ideal for those who prefer a predictable outcome.

Additional Interest Rate for Senior Citizens

Senior citizens enjoy an additional interest rate of 0.50%* p.a. over and above regular FDs, enabling customers to earn higher interest rates.

Flexible Tenure Options

FDs offer a range of tenure options, allowing you to choose a period that aligns with their financial goals, unlike some investments that may require a longer commitment.

Simple Process

The process of investing in FDs is straightforward, requiring minimal documentation and effort, making it accessible even for first-time investors.

The Role of Fixed Deposit in Your Investment Portfolio:

Fixed deposits are a valuable part of a strong financial plan. FDs offer steady returns which help balance the potential risks associated with market fluctuations on other investments. This makes them a good choice for anyone looking forward to forming a well-diversified financial portfolio.

Fixed deposits play an important role in an investment portfolio by offering a reliable method of preserving capital and earning returns. They provide a predictable income stream, which can help balance the overall risk of other investments. As part of a diversified financial strategy, fixed deposits contribute to stability and can support a range of financial goals. The advantages of making a fixed deposit investment are as follows:

Balance Risk and Return

Including fixed deposits in a diversified investment portfolio helps balance risk and return. Equities may offer higher returns, but fixed deposits provide consistent returns. This combination enhances the overall portfolio strategy by aligning growth opportunities with risk management.

Positive Net Value of the Portfolio

Fixed deposits provide consistent returns, unlike market-linked investments that can vary with market conditions. This fixed deposit feature ensures that the overall value of the investment portfolio remains positive, providing a counterbalance during periods of market volatility.

Suitable for Short-term Goals

Fixed deposits with shorter tenures are effective for meeting short-term financial objectives. They provide a reliable means to save for planned expenses, such as a vacation or a significant purchase, while ensuring the invested amount remains intact and earns a return.

FAQs

Disclaimer

With regards to deposit taking activity of Shriram Finance Limited (’SFL’), Viewers may refer to detailed information and T&C provided in our application form available at  FD form download.The Company is having a valid Certificate of Registration dated 31st January 2023 issued by the Bank under section 45-IA of the RBI Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.