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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 Damoh

Damoh's emergence as an agricultural and commercial hub in Madhya Pradesh creates a favourable environment for financial advancement. A Fixed Deposit in Damoh presents residents with a steady approach to savings, merging investment safety with appreciable returns. The FD in Damoh delivers uncomplicated structures that enable investors to plan their finances methodically. This guide supplies essential knowledge about fixed deposits, from prevailing interest benefits to liquidity options, empowering you to make decisions that support both immediate financial requirements and long-range monetary goals in this developing district.

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 is where your earned interest stays with your primary deposit instead of being paid out. This creates a growth-enhancing effect as you earn interest on both your original amount and previously earned interest. At the end of your deposit period, you receive everything together—your initial deposit plus all built-up interest. This option is well-suited for those wanting maximum growth who don't need regular income from their investment.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit gives you interest at regular time periods, providing a consistent income stream. The interest is figured using simple interest calculations and can be sent to you monthly, quarterly, or yearly. This choice offers reliable returns and better access to your earnings than cumulative FDs, making it good for handling recurring expenses.

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

Proper evaluation of fixed deposit features and benefits plays a fundamental role in crafting effective investment strategies. The primary attributes of FD consist of:

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 Damoh

FD rates in Damoh demonstrate substantial fluctuations among different banking establishments. Astute investors consistently assess numerous options before deciding where to place their capital. The interest yields generally vary based on factors such as your chosen time frame and the individual financial entity managing your investment. 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 Damoh

Shriram Finance has defined specific eligibility parameters for potential fixed deposit holders in Damoh. The groups permitted to make fixed deposit investments in Damoh encompass.

  • 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 Damoh

Shriram Finance provides attractive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. Creating a fixed deposit is flexible with options to proceed digitally or by approaching a Damoh branch for application processing. Gather all essential paperwork in advance for a hassle-free setup journey. Generally, follow these sequential actions to invest in FD online.

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 Damoh?

Before your fixed deposit matures, you can renew your Shriram FD in Damoh 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 Damoh

Shriram Finance features advantageously situated FD branches in Damoh to fulfil your fixed deposit aspirations. These customer-oriented locations are equipped with experienced financial specialists who offer tailored guidance on how to open fixed deposit accounts or handle ongoing Unnati Fixed Deposit Scheme arrangements. Below is the list of Shriram Finance branches in Damoh

Damoh

  • Ground Floor, Infront of PG College, Sagar Road 294, Civil Ward No. 9 Pani Ke Tanki Ke Pass, Sindhi Camp DAMOH,MADHYA PRADESH Pincode: 470661 Phone:18001036369

Hatta

  • Ground Floor, Rai Chauraha, Subhash Ward, Hatta DAMOH,MADHYA PRADESH Pincode: 470775 Phone:18001036369

Guna Ashoknagar

  • Om Colony In Front Of City Kotwali, Near Petrol Pump ,Essa Garh Road ASHOKNAGAR,MADHYA PRADESH Pincode: 473331 Phone:18001036369
View All Branches

Shriram FD Customer Care in Damoh

Whenever doubts surface or you seek clarification about your fixed deposit account, our expert Fixed Deposit Customer Care personnel in Damoh stand prepared to address your concerns. Use our telephone helpline for quick support related to your investments. Our comprehensive customer care contact information is readily obtainable for your reference.

Toll Free

Shriram FD Status in Damoh

For evaluating your Shriram Fixed Deposit status in Damoh, employ our comprehensive internet services or get in touch with our knowledgeable customer service team. Routine examination of your FD status allows you to remain aware of forthcoming maturity periods and interest accumulations.

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Fixed Deposit FAQs

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

The minimum deposit amount for a fixed deposit in Damoh 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 Damoh?

The interest rate on FD in Damoh 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 Damoh?

Yes, you can open a FD account online with Shriram Finance in Damoh. 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 Damoh?

Yes, early closure of a fixed deposit is permitted in Damoh; however, this may trigger penalty charges or reduced interest benefits. It's advisable to review the specific conditions before executing a withdrawal.

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

Yes, establishing a fixed deposit account for a minor in Damoh is achievable with a guardian's authorisation through Shriram Fixed Deposit.

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

Yes, penalties commonly apply for premature withdrawal of fixed deposits. Such penalties typically involve a downward revision of the interest rate applicable to your deposit.

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

Yes, altering the nominee for your FD account in Damoh is feasible. This generally requires submission of a specific request form accompanied by valid identification documents of the new nominee.

Can I open multiple Fixed Deposits in Damoh?

Yes, you can establish numerous fixed deposits in Damoh, distributed across different financial institutions or concentrated within the same financial entity.

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

Generally, no investment ceiling exists; however, individual financial institutions may establish specific maximum thresholds for certain deposit schemes.

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

Yes, creating a fixed deposit through a joint account in Damoh is allowable, subject to the respective financial institution's terms and conditions.

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

Yes, various financial institutions offer elevated fixed deposit interest rates for senior citizens compared to standard deposits. For instance, Shriram Finance extends an 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 Damoh?

Shriram Finance provides senior citizens with an enhanced interest rate of 0.50%* p.a. above that offered to regular depositors in Damoh.

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

Yes, FD interest rates vary according to tenure selection. Generally, extended commitment periods may yield higher interest rates compared to shorter durations due to the longer investment timeframe.

What is the process to close a Fixed Deposit prematurely in Damoh?

To prematurely close a Shriram FD in Damoh, present the original deposit certificate with a Rs.1 revenue stamp, along with a written request and a cancelled cheque. As per RBI directives, deposits cannot be terminated before three months from the deposit/renewal date except in cases of depositor death.

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.