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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 Malerkotla

A fixed deposit is a reliable investment option where you park a specific amount for a fixed period and earn interest on it. It is not affected by market ups and downs, making it a popular choice for those who value safety and steady returns. In Malerkotla, many individuals like salaried earners, pensioners or local traders prefer fixed deposits to grow their savings without taking unnecessary risks. If you're considering a Fixed Deposit in Malerkotla, Shriram Finance offers a dependable solution through its Shriram Fixed Deposit. You can start investing with just Rs.5,000 and choose a tenure that suits your financial goals. The scheme offers competitive interest rates along with extra benefits for senior citizens and women depositors. The process to open an account is simple, and you can complete it either online or offline based on your convenience. Whether you are saving for the future or just want a secure place for your funds, an FD in Malerkotla with Shriram Finance is worth considering. Start your journey towards stable savings today.

Types of Fixed Deposits

Following are the various forms of FDs to achieve your financial goals

interest rates

Cumulative Fixed Deposit

A Cumulative Fixed Deposit is a type of term deposit where earned interest is reinvested instead of regularly distributed. This creates compounding, as interest accrues on the growing principal. At maturity, investors receive a single payment comprising the initial deposit plus compounded interest. Cumulative FDs are ideal for those seeking long-term financial growth without requiring regular income streams.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit delivers interest payments at scheduled intervals, providing a consistent income source. It's suitable for individuals requiring frequent payouts. Interest calculations follow simple interest principles and can be credited monthly, quarterly or annually. This option ensures predictable returns and greater liquidity compared to cumulative FDs, making it appropriate for handling regular 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

Knowing the fixed deposit features and benefits is essential when selecting the most suitable investment option. Below are the primary characteristics and advantages of an 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 Malerkotla

The FD rates in Malerkotla differ significantly across banks and financial providers. Comparing these rates is necessary to maximise your investment returns. Generally, interest rates are influenced by factors such as the deposit duration and the organisation offering the FD. 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 Malerkotla

Before booking an FD, you must fulfil certain fixed deposit eligibility criteria in Malerkotla. The standard requirements for opening an FD account are as follows

  • 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 Malerkotla

Shriram Finance provides competitive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. You can start a fixed deposit account either online or by visiting a branch in person. Have all your paperwork ready to make the application run smoothly. Here's how to invest in an 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 Malerkotla?

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

Shriram Finance operates FD branches in Malerkotla to meet your deposit requirements. Our skilled staff can help you learn how to open fixed deposit accounts or manage your Unnati Fixed Deposit Scheme. Here's a list of our branches in Malerkotla

Ludhiana

  • 2813, 1st Floor, Ranjit Tower,Gurudev Nagar, Pakhwol Road LUDHIANA,PUNJAB Pincode: 141001 Phone:18001034959

Ludhiana - I

  • Building No.2,Novelty Palza, 2nd Floor, Feroze Gandhi Market LUDHIANA,PUNJAB Pincode: 141001 Phone:18001034959

Ludhiana - II

  • Second Floor, SCO-10-11, Feroze Gandhi Market LUDHIANA,PUNJAB Pincode: 141001 Phone:18001034959
View All Branches

Shriram FD Customer Care in Malerkotla

For any queries or assistance with your fixed deposit, our Fixed Deposit Customer Care team is ready to help. You can call us for prompt support. The customer care numbers are listed below

Toll Free

Shriram FD Status in Malerkotla

To check your Fixed Deposit status in Malerkotla, you can either use our online services or contact customer care. Keeping an eye on your FD status ensures you're aware of your earnings and maturity dates.

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 Malerkotla?

Shriram Finance offers fixed deposits in Malerkotla with a minimum amount of Rs.5,000. Any additional deposits must be in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in Malerkotla?

The interest rate on FD in Malerkotla 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 Malerkotla?

Yes, opening an FD account online with Shriram Finance in Malerkotla is possible. 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 Malerkotla?

Yes, you can withdraw your fixed deposit before maturity in Malerkotla. However, this may involve penalties or lower interest rates depending on the FD terms. Always check the specific conditions before choosing early withdrawal.

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

Yes, opening a fixed deposit account for a minor is allowed with guardian consent.

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

Yes, premature withdrawal of an FD typically comes with a penalty, usually in the form of lower interest rates.

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

Yes, changing the nominee for your fixed deposit account in Malerkotla is possible. This usually requires submitting a formal request with valid ID for the new nominee.

Can I open multiple Fixed Deposits in Malerkotla?

Yes, you can hold several FDs either with the same provider or across different financial institutions.

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

Generally, there's no upper limit on FD investment amounts. However, some schemes may have maximum caps based on the institution's terms and conditions.

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

Yes, joint fixed deposit accounts are available in Malerkotla, subject to the financial institution's terms and conditions.

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

Yes, many financial institutions offer better interest rates for senior citizens on fixed deposits, typically 0.50%* p.a. on fixed deposits for senior citizens.

What is the difference between FD interest rates for regular and senior citizens in Malerkotla?

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 Malerkotla?

Yes, FD interest rates in Malerkotla vary based on investment tenure. Typically, longer tenures offer better returns as financial institutions reward extended investment periods with higher rates.

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

To close your Shriram FD early in Malerkotla, you need to submit the original deposit receipt with a Rs.1 revenue stamp, a premature withdrawal request letter, and a cancelled cheque for account verification. According to Reserve Bank of India (RBI) rules, premature closure isn't permitted within three months from deposit or renewal date, except if the depositor passes away.

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.