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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 Ernakulam

Shriram Finance offers a secure and rewarding option for growing your savings through fixed deposits. A Fixed Deposit in Ernakulam 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 Ernakulam, enabling you to make informed decisions to strengthen your financial future in this dynamic city.

Types of Fixed Deposits

Review these different fixed deposit options to support your money goals

interest rates

Cumulative Fixed Deposit

This savings approach doesn't give you regular interest payments. Instead, the interest earned gets added to your original deposit. This creates a snowball effect where your money grows faster over time, as interest is earned on both your initial amount and previously accumulated interest. When your deposit reaches its end date, you receive everything at once your starting deposit plus all the built-up interest. Cumulative FDs are ideal for people seeking long-term growth without needing regular income, as they use compound interest to achieve maximum returns.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit provides interest payments at set intervals, creating a steady income stream. Your earnings are calculated using simple interest methods and can be paid monthly, quarterly, or yearly. This option offers predictable returns and better access to your money compared to cumulative deposits, making it suitable for meeting ongoing 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 be tailored for various life goals

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

The FD interest rate is 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 a Non-Cumulative Fixed Deposit pay out interest at regular intervals (monthly, quarterly, half-yearly, or yearly).

Shriram Fixed Deposit Features and Benefits

Understanding fixed deposit features helps you make informed investment decisions. Here are the main advantages

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

Shriram Fixed Deposit Interest Rates in Ernakulam

Fixed deposit rates in Ernakulam can vary considerably between financial institutions. It's worthwhile to compare rates to ensure you get the best returns. Generally, interest rates depend on factors such as your chosen investment period and the type of institution offering the deposit. Shriram Fixed Deposit is rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. Get an interest rate of up to 8.15%* p.a. inclusive of 0.50%* p.a. for Senior Citizens and 0.05%* 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 %

loangraph

Deposit

Invested Amount

₹ 50,000

Shriram Fixed Deposit Eligibility Criteria in Ernakulam

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

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

How to Invest in Fixed Deposit with Shriram in Ernakulam

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

    Complete the payment online and add nominee details.

  • Step 5

    Download your FD certificate.

How to Renew Your Shriram Unnati Fixed Deposit in Ernakulam?

Has your fixed deposit investment reached maturity? You might want to renew your Shriram FD in Ernakulam to continue enjoying stable returns. Renewal options include using our website, mobile app, or visiting any of our physical branches in Ernakulam. If you prefer the convenience of renewing online, follow these steps

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 Select the FD amount and tenure.
Review
Step 5 Review and confirm the terms of the renewed FD investment and confirm the renewal.
Confirm
Step 6 Once the renewal process is complete, a confirmation of the FD renewal will be sent to you.

Shriram Fixed Deposit Branches in Ernakulam

Shriram Finance has FD branches in Ernakulam to address all your fixed deposit requirements. These branches have knowledgeable staff who can provide expert guidance on how to open fixed deposit accounts or help manage your existing Unnati Fixed Deposit Scheme. Our Ernakulam branches are located at

Ernakulam - IV

  • Second Floor, Manchu Complex, P.T. Usha Road ERNAKULAM,KERALA Pincode 682011 Phone18001036369

Ernakulam New

  • 34/1845 A2, Floor II, Saira Plaza, Opposite Modern Bread, High School JN, Ernakulam New ERNAKULAM,KERALA Pincode 682024 Phone18001036369

Perumbavoor

  • First Floor, Thadikulangara Jose Memorial Building, M C Road, Perumbavoor, Ernakulam, Perumbavoor, South ERNAKULAM,KERALA Pincode 683542 Phone18001034959
View All Branches

Shriram FD Customer Care in Ernakulam

Should you have any queries or need assistance with your fixed deposit account, our dedicated Fixed Deposit Customer Care team is always available to help. Simply ring one of our helpline numbers for immediate support regarding your investments. Our contact numbers are

Toll Free

Shriram FD Status in Ernakulam

To monitor your Shriram Fixed Deposit status in Ernakulam, you can either use our convenient online services or contact our customer care team directly. Regular status checks help you stay updated on maturity dates and interest earnings.

Fixed Deposit in Major Cities in India

Fixed deposit in Mumbai
Fixed deposit in pune
Fixed deposit in Indore
Fixed deposit in Punjab

Fixed Deposit FAQs

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

The minimum deposit amount for a fixed deposit in Ernakulam for Shriram FD is RsRs.5000, with deposits accepted in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in Ernakulam?

The interest rate on FD in Ernakulam 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 Ernakulam?

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

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

Can I open a Fixed Deposit in Ernakulam 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 Ernakulam?

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

Can I open multiple Fixed Deposits in Ernakulam?

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

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

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 Ernakulam?

Yes, you can open a fixed deposit account in a joint account in Ernakulam subject to the financial institutions terms and conditions.

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

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 Ernakulam?

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 Ernakulam?

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 Ernakulam?

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.