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Invest in Shriram Unnati Fixed Deposit Maximise your returns & earn up to 8.15%* p.a.

(Inclusive of 0.50%* p.a. for senior citizens & 0.05%* p.a. for women depositors)

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Fixed Deposit in Balasore

Balasore's strategic location and industrial development create a distinctive environment for financial planning. A Fixed Deposit in Balasore presents a pragmatic savings solution that unites protection of principal with income potential. The FD in Balasore offers straightforward arrangements that enhance predictability for investors. Our comprehensive analysis covers essential components of fixed deposits, from current yield figures to liquidity provisions, empowering you to formulate investment strategies that satisfy near-term financial commitments while building toward long-range financial stability.

Types of Fixed Deposits

Following are the multiple types of FDs to help attain your financial aspirations.

interest rates

Cumulative Fixed Deposit

A Cumulative Fixed Deposit functions by interest accrual rather than distribution, with earnings continuously integrated into your principal amount. This establishes an expanding compounding effect that accelerates your wealth development, yielding returns on both your initial capital and previously gathered interest. Upon maturity, you collect the complete sum including your original investment plus all compounded returns. This arrangement especially benefits those seeking substantial long-term asset growth without needing periodic income.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit arranges for interest payouts at established intervals, creating a dependable revenue stream. These payments, determined using simple interest calculations, can be organised monthly, quarterly, or annually based on your requirements. This method provides consistent earnings and superior liquidity compared to cumulative alternatives, particularly supporting individuals with ongoing financial commitments.

retirement

FD for Senior Citizens

This FD type provides an additional 0.50%* p.a. interest rate for senior citizens.

Life assured income

Fixed Deposit for Women

Women depositors receive an extra 0.05%* p.a. interest rate.

cash

Fixed Deposit for NRI

Non-Resident Indians can invest in FDs through offline channels in India.

coin

FD for Monthly Income

This option allows for regular monthly interest payouts.

Our fixed deposits can also help with various life milestones:

  • FD for Retirement Fund
  • FD for Wedding Expenses
  • Fixed Deposit for Children
  • FD for Home Expenses

The FD interest rate of 8.15%* p.a., inclusive of 0.50%* p.a. for Senior Citizens and 0.05%* p.a. for Women Depositors. Investors can choose between cumulative and non-cumulative options for their Shriram FDs. A Cumulative Fixed Deposit allows interest to accumulate on the principal amount, while Non-Cumulative Fixed Deposit pays out interest at regular intervals.

Shriram Fixed Deposit Features and Benefits

Awareness of the principal characteristics and benefits of fixed deposits is critical for sound investment strategy. The essential attributes of FD include:

Flex Tenure
Predictable returnsPredictable returns
Attractive Interest
Flexible tenureFlexible tenure
Compounding Benefit
Attractive interest ratesAttractive interest rates
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Special interest benefit for senior citizens and women depositorsSpecial interest benefit for senior citizens and women depositors
Predictable Return
Cumulative and non-cumulative schemesCumulative and non-cumulative schemes
Cumulative
Low minimum investment amountLow minimum investment amount
Low Investment
Compounding benefitsCompounding benefits

Shriram Fixed Deposit Interest Rates in Balasore

FD rates in Balasore reveal significant differences between various financial institutions and NBFCs. Informed investors methodically compare available options before committing their resources. Your potential returns typically correlate with elements such as your chosen tenure and the particular banking entity holding your deposit. Shriram Fixed Deposit is rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. Get interest rate of up to 8.15%* p.a. inclusive of 0.50%* p.a. for Women Depositors with Shriram FD.

Shriram Unnati Fixed Deposit Interest Rate for Cumulative Fixed Deposit Scheme below 10 Cr (w.e.f 5th August 2025)

Shriram Finance continues to offer a reliable investment option through its Unnati Fixed Deposit Scheme, tailored to meet the diverse needs of investors. As of (w.e.f 5th August 2025), the FD interest rates for the Cumulative Fixed Deposit Scheme have been revised, ensuring competitive returns on your investment. This FD scheme is designed to help investors grow their savings steadily over time, with the convenience of a single maturity payout that includes both principal and accrued interest. Whether you are a conservative investor seeking stability or looking to enhance your financial portfolio - explore the latest FD interest rates and see how Shriram Unnati FD can work for your financial aspirations.

Period (Months)At Maturity % p.a
127.00
(Digital Only)157.25
18- 237.15
24- 357.25
36-607.60

Shriram Unnati Fixed Deposit Interest Rate for Non-Cumulative Fixed Deposit Scheme below 10 Cr (w.e.f 5th August 2025)

The Shriram Unnati Fixed Deposit Scheme continues to be a preferred investment option for those seeking consistent income through reliable interest payouts. With effect from (w.e.f 5th August 2025), Shriram Finance has updated the FD interest rates for its Non-Cumulative Deposit Scheme, offering investors enhanced returns across various tenures. This FD scheme is particularly beneficial for those looking for periodic interest payouts, providing the flexibility to receive returns on a monthly, quarterly, or half-yearly basis, thus catering to a wide range of financial needs and goals.

Period (Months)Monthly % p.a.Quarterly % p.a.Half-Yearly % p.a.Yearly % p.a.
126.796.826.887.00
(Digital Only)157.027.067.127.25
18 - 236.936.977.037.15
24 - 357.027.067.127.25
36 - 607.357.397.467.60
Additional Benefits
  • Senior Citizens(Individuals over the age of 60 years) An additional interest of 0.50%* p.a.
  • Women DepositorAn additional interest of 0.05%* p.a. exclusive for women depositors
  • FD RenewalAdditional interest of 0.15%* p.a. will be paid on all renewals, where the deposit is matured.

Fixed Deposit Returns Calculator

STEP 01

I am a Senior Citizen

STEP 02

I am a Woman

STEP 03

Investment amount

₹

STEP 04

Tenure up to

months

Min 12 months

Max 60 months

STEP 05

Interest payout term

  • On Maturity
  • Monthly
  • Quarterly
  • Half-Yearly
  • Yearly

Investment Summary

Interest Rate %

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Deposit

Invested Amount

₹ 50,000

Shriram Fixed Deposit Eligibility Criteria in Balasore

The process of securing a Shriram Finance fixed deposit in Balasore necessitates adherence to distinct eligibility parameters. The groups permitted to begin fixed deposits in Balasore incorporate.

  • IndividualEligibility
    • Partnership Firm
    • Companies
    • Indian Residents
    • Non-Resident Indians (NRIs)
    • Hindu Undivided Family
    • Trust and Foundation
    • Unincorporated Association or Body of Individual

How to Invest in Fixed Deposit with Shriram in Balasore

Shriram Finance provides attractive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. Starting a fixed deposit is accessible via electronic channels or through an in-person visit to a Balasore branch to submit your paperwork. Prepare all required identification and residential verification documents ahead of time for a streamlined enrolment experience. In most cases, these organised procedures allow you to establish an FD using internet-based methods.

How To Apply

  • Step 1 :

    Register using your mobile number.

  • Step 2 :

    Enter the investment amount, tenure and PAN.

  • Step 3 :

    Complete your KYC, share depositor details & any other declaration.

  • Step 4 :

    Verify the Bank Details. Then, add your nominee details and complete the payment online

  • Step 5 :

    Download your FD certificate.

How to Renew Your Shriram Unnati Fixed Deposit in Balasore?

Before your fixed deposit matures, you can renew your Shriram FD in Balasore to continue enjoying its benefits. You can complete the renewal process online through the website or mobile app or by visiting a branch. Below are the general steps to renew your fixed deposit online.

Flex tenure
Step 1 : Sign in to your account.
Attractive Interest
Step 2 : Select the FD investment you wish to renew.
Account save
Step 3 : Verify all the information, such as the FD account number, interest rate, maturity date and bank details.
Fd Amount
Step 4 : Review and confirm the terms of the renewed FD investment and confirm the renewal.
Review
Step 5 : Once the renewal process is complete, a confirmation of the FD renewal will be sent to you.

Shriram Fixed Deposit Branches in Balasore

Shriram Finance has deliberately placed FD branches in Balasore to serve your fixed deposit ambitions. These client-oriented establishments house trained financial experts who offer individualised assistance on how to open fixed deposit accounts or handle existing Unnati Fixed Deposit Scheme holdings. Below is the compilation of Shriram Finance branches in Balasore

Balasore

  • Floor I, Dr. Pradhan Market Complex, Near Canara Bank, Balia, Balasore BALESWAR,ODISHA Pincode: 756001 Phone:18001036369

Balasore - I

  • H.No: 648/36, 1248/36, Ward No:24,Bhaskar Ganj Street, Near Station Road, P.S.Sahadev Khunta (PO) BALESWAR,ODISHA Pincode: 756001 Phone:18001036369

Bolangir

  • 1st Floor, Club Pada BALANGIR,ODISHA Pincode: 767001 Phone:18001036369
View All Branches

Shriram FD Customer Care in Balasore

When inquiries develop or you require additional insight about your fixed deposit account, our expert Fixed Deposit Customer Care team in Balasore stands ready to deliver comprehensive information. Contact our telephone support centre for immediate help with your investments. Our complete customer service contact details are consistently accessible when needed.

Toll Free

Shriram FD Status in Balasore

To inspect your Shriram Fixed Deposit status in Balasore, access our user-friendly online portal or connect with our responsive customer care team. Consistent checking of your FD status helps you stay updated about forthcoming maturity timeframes and interest accumulations.

Fixed Deposit in Major Cities in India

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Fixed deposit in Indore

Fixed Deposit FAQs

What is the minimum deposit amount for a Fixed Deposit in Balasore?

The minimum deposit amount for a fixed deposit in Balasore for Shriram FD is Rs.5,000, with deposits accepted in multiples of Rs.1,000.

What is the minimum deposit amount for a Fixed Deposit in Balasore?

The minimum deposit amount for a fixed deposit in Balasore for Shriram FD is Rs.5,000, with deposits accepted in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in Balasore?

The interest rate on FD in Balasore is 8.15%* p.a.(T&C), inclusive of 0.50%* p.a. for Senior Citizens and 0.05%* p.a. for Women Depositors.

Can I open a Fixed Deposit account online in Balasore?

Yes, you can open a FD account online with Shriram Finance in Balasore. The process is quick and convenient, involving these steps: 1. Register using your mobile number 2. Choose the investment amount, tenure, and payout option 3. Enter PAN details and complete your KYC 4. Share depositor details and any required declarations 5. Complete the payment online 6. Add nominee details Once these steps are completed, your FD is booked, and you can download your FD certificate

Is premature withdrawal of a Fixed Deposit allowed in Balasore?

Yes, premature withdrawal of a fixed deposit is allowed in Balasore; however, it may incur penalties or reduced interest rates. It’s advisable to check the specific terms before proceeding.

Can I open a Fixed Deposit in Balasore in the name of a minor?

Yes, you can open a fixed deposit account in the name of a minor with a guardian's consent with Shriram Fixed Deposit.

Is there any penalty for premature withdrawal of a Fixed Deposit?

Yes, there is usually a penalty for premature withdrawal of a fixed deposit. This penalty often involves a reduction in interest rates applicable to the deposit.

Can I change the nominee for my Fixed Deposit in Balasore?

Yes, you can change the nominee for your FD account in Balasore. This process typically requires submitting a request form along with valid identification details of the new nominee.

Can I open multiple Fixed Deposits in Balasore?

Yes, you can open multiple fixed deposits in Balasore across different financial institutions or within the same financial institution.

What is the maximum amount that can be invested in a Fixed Deposit in Balasore?

Generally, there is no upper limit; however, some financial institutions may have specific schemes with defined limits.

Can I open a Fixed Deposit in a joint account in Balasore?

Yes, you can open a fixed deposit account in a joint account in Balasore subject to the financial institution’s terms and conditions.

Are there any fixed deposit schemes for senior citizens in Balasore?

Yes, many financial institutions offer additional fixed deposit interest rates for senior citizens compared to regular deposits. For instance, Shriram Finance offers additional interest rate of 0.50%* p.a. for senior citizens.

What is the difference between FD interest rates for regular and senior citizens in Balasore?

Shriram Finance offers an additional 0.50%* p.a. interest rate for senior citizens compared to regular depositors.

Is there a difference between FD interest rates for different tenures in Balasore?

Yes, FD interest rates can differ based on tenure. Typically, longer tenures may offer higher interest rates compared to shorter ones due to the extended commitment from the depositor.

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. Rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. 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.