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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 Ludhiana

Ludhiana, known for its industrial strength and steady growth, offers individuals several ways to plan their finances with clarity. A Fixed Deposit in Ludhiana is a preferred choice for those looking to set aside funds for a fixed term while earning regular returns. It helps bring structure and purpose to your savings. This guide covers all you need to know about starting an FD in Ludhiana with Shriram Finance. From choosing the right tenure to understanding how interest payouts work, you’ll find useful tips and insights that support thoughtful financial decisions. Whether you are saving for short-term plans or building towards future goals, this guide helps you move forward with confidence.

Types of Fixed Deposits

Consider these different fixed deposit options to meet your financial targets

interest rates

Cumulative Fixed Deposit

This investment doesn't give you regular interest payments. Instead, the interest earned gets added back to your principal amount. This creates a snowball effect where your money grows faster over time, as you earn interest on both your original deposit and previously earned interest. When the deposit reaches its end date, you receive everything together – your initial investment plus all the accumulated interest. Cumulative FDs are perfect for those wanting long-term growth without needing regular income, using compound interest to achieve the highest possible returns.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit provides interest payments at set intervals, creating a dependable income stream. Your earnings are calculated using simple interest and can be paid monthly, every three months, or yearly. This option gives you predictable returns and better access to your money compared to cumulative options, making it ideal 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.

Also, our FDs can be used for various other financial 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 deposits can help you make informed saving decisions in Ludhiana. By knowing their features and advantages, you can select an option that suits your financial needs. Below are some key highlights to guide your decision-making process.

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

Shriram Fixed Deposit Interest Rates in Ludhiana

FD rates in Ludhiana depend on the financial institution and the deposit tenure. Interest rates vary, so it’s advisable to compare different options. You can opt for regular interest payouts or let your savings grow over time. Choosing a suitable fixed deposit plan can help you achieve your financial objectives effectively. 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 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.

Note: Interest rates are subject to change and the rate applicable will be the rate prevalent on the date of deposit / renewal.

The above additional interest rates will be applied on the yearly rate, which will be factored correspondingly into the calculation of compounding interest rates for periods shorter than a year, including monthly, quarterly, and half-yearly rates.

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 Ludhiana

Before opening a fixed deposit account in Ludhiana, you need to check if you meet the eligibility requirements. Typically, these categories can open an FD, and it is important to understand the criteria set by the institution before proceeding.

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

How to Invest in Fixed Deposit with Shriram in Ludhiana

In Ludhiana, Shriram Finance offers the Shriram Unnati Fixed Deposit, which can be applied for online or in branch. This fixed deposit comes with flexible tenures and practical interest rates. To streamline the process, ensure your documents are ready. Below are the steps you can follow to open your Shriram Unnati Fixed Deposit 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 Ludhiana?

When your fixed deposit matures, you can choose to renew your Shriram FD in Ludhiana to continue enjoying its benefits. The renewal process can be completed online via the website or app, or by visiting a nearby branch. Below are the 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 Ludhiana

Shriram Finance operates through FD branches in Ludhiana, where you can open fixed deposits or address account-related queries. The staff assists with applications, renewals, and other services. Visiting the branch also provides an opportunity to understand the features of different fixed deposit options.

Ludhiana

  • 2813, 1st Floor, Ranjit Tower,Gurudev Nagar, Pakhwol Road LUDHIANA,PUNJAB Pincode 141001 Phone18001034959

Ludhiana - II

  • Second Floor, SCO-10-11, Feroze Gandhi Market LUDHIANA,PUNJAB Pincode 141001 Phone18001034959

Raikot

  • Roshan Tower, Second Floor, Near Simrat Hospital, Raikot District Ludhiana, Raikot LUDHIANA,PUNJAB Pincode 141109 Phone18001034959
View All Branches

Shriram FD Customer Care in Ludhiana

For assistance with your FD account, you can contact the Fixed Deposit Customer Care team. Those in Ludhiana can reach out for support. The contact details provided below make it easy to get help when needed.

Toll Free

Shriram FD Status in Ludhiana

Stay updated on your FD deposit in Ludhiana by accessing the online portal or contacting customer care. These platforms allow you to check interest details and maturity updates, helping you track your deposit’s progress and manage your financial plans effectively.

Fixed Deposit in Major Cities in India

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

Fixed Deposit FAQs

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

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

What is the interest rate on Fixed Deposits in ludhiana?

The interest rate on FD in ludhiana 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 ludhiana?

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

Yes, premature withdrawal of a fixed deposit usually incurs a penalty, which typically involves a reduction in the applicable interest rate.

Can I open a Fixed Deposit in ludhiana 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 ludhiana?

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

Can I open multiple Fixed Deposits in ludhiana?

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

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

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 ludhiana?

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

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

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 ludhiana?

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 ludhiana?

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 ludhiana?

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.