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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 Eluru

Eluru is a city in Andhra Pradesh known for its rich agricultural sector and historical importance that offers a secure and rewarding option for growing your savings through fixed deposits. A Fixed Deposit in Eluru provides investors with stable and predictable returns, making it an ideal choice for those seeking financial security and steady income. This guide will help you understand the benefits, current interest rates, and key features of fixed deposits available in Eluru, enabling you to make informed decisions to strengthen your financial future in this vibrant city.

Types of Fixed Deposits

Explore these different fixed deposit options to help achieve your money goals.

interest rates

Cumulative Fixed Deposit

This type of term deposit doesn't give you regular interest payments. Instead, the interest you earn gets added back to your original amount. This creates a powerful growth effect as your money earns more money over time. When your deposit reaches its end date, you receive everything together your initial deposit plus all the accumulated interest. Cumulative FDs are perfect for people seeking long-term growth without needing regular income, as they make the most of compound interest to maximise returns.

achievement

Non-Cumulative Fixed Deposit

With a Non-Cumulative Fixed Deposit, you receive interest payments at set intervals, providing a steady flow of income. Your earnings are calculated using simple interest methods and can be paid monthly, every three months, or yearly. This option offers predictable returns and better access to your money compared to cumulative deposits, making it ideal for covering 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

Understanding what fixed deposits offer helps you make better investment decisions. Here are the main advantages:

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 Eluru

Fixed deposit rates in Eluru differ significantly among financial institutions. It's wise to compare offers to maximise your returns. Generally, interest rates depend on factors such as how long you invest and which institution you choose. 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

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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 Eluru

Before opening a fixed deposit account, you need to check if you meet the eligibility requirements. Typically, these categories can open an FD.

    • 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 Eluru

Shriram Finance offers attractive interest rates and flexible terms with their Shriram Unnati Fixed Deposit. You can open an account online or visit a branch to complete your application. Make sure you have all necessary documents ready for a smooth process. To invest online, follow these steps.

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 Eluru?

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

Shriram Finance maintains branches across Eluru to address all your fixed deposit requirements. These branches have experienced staff who offer expert guidance on how to open fixed deposit accounts or manage your existing Unnati Fixed Deposit Scheme. Find us at these locations in Eluru

Eluru

  • D.No. 22C-7-2, Bedativeri Street, Power Peta ELURU,ANDHRA PRADESH Pincode: 534002 Phone:18001036369

Eluru - I

  • D No . 22B-13-8, 1st Floor Opposite Central Bank, Venkatrarama Power Press Road, Powerpet ELURU,ANDHRA PRADESH Pincode: 534002 Phone:18001036369

Gannavaram

  • D.No.6-108/1 , 1st Floor, Guntur Road, Gannavaram VIJAYAWADA,ANDHRA PRADESH Pincode: 521101 Phone:18001036369
View All Branches

Shriram FD Customer Care in Eluru

If you have any questions or need assistance with your fixed deposit account, our dedicated Fixed Deposit Customer Care team is always available to help. Simply call one of our customer service numbers for prompt support with any investment-related queries. Our contact numbers are.

Toll Free

Shriram FD Status in Eluru

To check your Shriram Fixed Deposit status in Eluru, you can either use our convenient online portal or contact our customer care team directly. Regular monitoring ensures you stay informed about maturity dates and interest earnings.

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Fixed Deposit FAQs

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

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

The interest rate on FD in Eluru 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 Eluru?

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

Yes, premature withdrawal of a fixed deposit is allowed in Eluru; 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 Eluru 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 Eluru?

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

Can I open multiple Fixed Deposits in Eluru?

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

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

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 Eluru?

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

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

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 Eluru?

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 Eluru?

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.

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

To close a Shriram FD prematurely, submit the original deposit receipt with a Rs.1 revenue stamp, a request letter, and a cancelled cheque. According to the direction of the RBI, a deposit receipt cannot be prematurely closed before three months from the date of deposit/renewal except in case of death of 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.