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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 Machilipatnam

Machilipatnam is an important coastal economic centre in Andhra Pradesh. It presents various investment avenues that can positively impact your financial trajectory. Among these choices, a Fixed Deposit in Machilipatnam stands out for its reliability and capacity to deliver consistent returns. This comprehensive guide offers essential information about FD in Machilipatnam, covering advantages, prevailing interest rates, and practical guidance for identifying the appropriate fixed deposit program aligned with your monetary goals. Through comprehension of these fundamental elements, you can execute informed decisions to expand your reserves and establish financial stability in this historic port city.

Types of Fixed Deposits

Following are the various types of FDs to help you reach your financial objectives

interest rates

Cumulative Fixed Deposit

Non-A Non-Cumulative Fixed Deposit distributes interest at scheduled intervals, delivering a consistent income flow. It's perfect for those requiring regular payouts. Interest calculations use simple interest principles and can be disbursed monthly, quarterly, or annually. This alternative provides foreseeable returns and enhanced liquidity compared to cumulative FDs, making it appropriate for covering recurring financial commitments.

achievement

Non-Cumulative Fixed Deposit

Cumulative Fixed Deposit: A Cumulative Fixed Deposit represents an investment option where earned interest isn't paid out periodically but instead reinvested alongside the principal sum. This compounding mechanism enhances the total yield, as interest accumulates on the expanding principal. Upon maturity, investors receive a complete amount containing both the initial investment and gathered interest. Cumulative FDs suit individuals pursuing long-term growth without needing regular income, utilising compounding to optimise returns.

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 the fixed deposit features and benefits is essential for making informed investment decisions. Here are the primary features and benefits of FD

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 Machilipatnam

The FD rates in Machilipatnam differ considerably between various financial institutions. To ensure optimal returns, it's essential to conduct thorough comparisons. Typically, the interest percentages depend on factors such as deposit duration and the financial organisation providing the fixed deposit service. 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 Machilipatnam

To open a fixed deposit account in Machilipatnam, you must fulfil certain eligibility requirements set by Shriram Finance. The following entities are qualified to invest in fixed deposits in Machilipatnam

  • IndividualEligibility Criteria
    • 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 Machilipatnam

Shriram Finance provides attractive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. Opening a fixed deposit account is convenient through our digital services or by visiting a Machilipatnam branch to finalise your application. Have all required documentation prepared to ensure a seamless process. Typically, investing in an FD through our online services involves the following 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 Machilipatnam?

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

Shriram Finance maintains FD branches in Machilipatnam to address your fixed deposit requirements. These local offices are equipped with knowledgeable advisors who deliver specialised assistance on how to open fixed deposit or oversee current Unnati Fixed Deposit Scheme accounts. Below is the list of Shriram Finance branches in Machilipatnam

Machilipatnam

  • D.No:11/1, Chalrasta Center, Chemmanagiripeta, Upstair of OBC bank MACHILIPATNAM,ANDHRA PRADESH Pincode: 521001 Phone:18001034959

Machilipatnam - I

  • First Floor, 25/301 and 302, Kojjillipet, Frenchpet MACHILIPATNAM,ANDHRA PRADESH Pincode: 521001 Phone:18001034959

Pamarru

  • 17-104-1,First Floor,Satya Sai Complex,Near Siva R Pamarru Bazar MACHILIPATNAM,ANDHRA PRADESH Pincode: 521157 Phone:18001034959
View All Branches

Shriram FD Customer Care in Machilipatnam

Should you have any questions or require support with your fixed deposit account, our Fixed Deposit Customer Care specialists are ready to assist. Contact us by telephone for immediate guidance about your investments. Our dedicated customer service numbers are available for your convenience.

Toll Free

Shriram FD Status in Machilipatnam

To monitor your Shriram Fixed Deposit status in Machilipatnam, utilise our convenient online services or reach out to our dedicated customer service team. Regular verification of your FD status helps you remain updated about upcoming maturity periods and accrued interest earnings.

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Fixed Deposit FAQs

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

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

The interest rate on FD in Machilipatnam 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 Machilipatnam?

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

Yes, premature withdrawal of a fixed deposit is permitted in Machilipatnam; however, it typically comes with certain penalties or reduced interest earnings. It's recommended to review the specific terms and conditions beforehand.

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

Yes, Shriram Fixed Deposit allows you to establish a fixed deposit account for a minor in Machilipatnam, provided there is proper guardian authorisation.

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

Yes, early withdrawal of a fixed deposit usually incurs a penalty. This commonly involves a downward adjustment of the interest rate applicable to your deposit.

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

Yes, modifying the nominee for your FD account in Machilipatnam is possible. The procedure generally requires you to submit a formal request form accompanied by valid identification documents of the new nominee.

Can I open multiple Fixed Deposits in Machilipatnam?

Yes, you have the option to establish multiple fixed deposits in Machilipatnam, either with various financial institutions or within the same banking organisation.

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

Generally, no upper investment limit exists; though some financial institutions might offer specific schemes with predetermined maximum limits.

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

Yes, opening a fixed deposit through a joint account in Machilipatnam is possible, subject to compliance with the financial institution's particular requirements and guidelines.

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

Yes, numerous financial institutions provide enhanced fixed deposit interest rates for senior citizens compared to standard deposits. For example, 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 Machilipatnam?

Shriram Finance provides senior citizens with an extra 0.50%* p.a. interest rate advantage over regular depositors.

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

Yes, FD interest rates vary according to tenure. Typically, deposits with longer commitment periods may secure higher interest rates than shorter-term options due to the extended investment timeframe.

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

To prematurely close a Shriram FD, you need to present the original deposit certificate with a Rs.1 revenue stamp affixed, along with a written request letter and a cancelled cheque. As per RBI directives, a deposit 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.