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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 Meerut

Meerut, a city known for its commercial activity and steady growth, offers residents practical ways to manage their money. A Fixed Deposit in Meerut is one such option, allowing individuals to save with clarity and earn interest over a set period. It suits those who prefer structured planning for their future needs. In this guide, you will find helpful details about starting an FD in Meerut with Shriram Finance. Learn how to choose a suitable tenure, understand interest payout options, and decide what plan fits your financial goals. With this information, you can take thoughtful steps towards building your savings and strengthening your financial base.

Types of Fixed Deposits

Explore these fixed deposit options to support your financial objectives

interest rates

Cumulative Fixed Deposit

This investment does not provide regular interest payouts. Instead, the interest earned is added to your principal amount, creating a compounding effect. Your money grows faster over time as interest is earned on both the original deposit and accumulated interest. At maturity, you receive the total amount your initial deposit plus all the interest earned. Cumulative FDs are suitable for those aiming for long-term growth without needing regular income, as they benefit from compound interest to increase returns.

achievement

Non-Cumulative Fixed Deposit

This option pays interest at regular intervals, such as monthly, quarterly, or yearly. Interest is calculated using simple interest methods. Non-cumulative FDs provide steady returns and better liquidity compared to cumulative deposits, making them 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.

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

Fixed deposits in Meerut provide a straightforward way to save and grow your money effectively. Knowing their features and advantages allows you to select the best option for your financial needs. Some of the main highlights are shared below to guide your decision.

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 Meerut

FD rates in Meerut depend on the bank and the duration of the deposit. Interest rates fluctuate, making it important to explore various options. You may opt for regular interest payouts or choose to let your funds grow over time. A proper fixed deposit plan supports achieving financial milestones. 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.

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 Meerut

Ensuring that you meet the eligibility criteria is necessary before opening a fixed deposit account in Meerut. Typically, these categories are allowed to open an FD, so it is advisable to check the institution’s guidelines carefully.

  • 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 Meerut

In Meerut, Shriram Finance offers the Shriram Unnati Fixed Deposit with application options available online or in branches. The fixed deposit includes flexible tenures and practical interest rates. To simplify the process, have your documents prepared beforehand. Below are the steps 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 Meerut?

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

Shriram Finance provides services through FD branches in Meerut where you can open fixed deposits or seek help with account matters. Staff are available for renewals, applications, and other related queries. A visit to the branch allows you to learn more about the features of each fixed deposit option.

Meerut

  • 2nd Floor, Mangal Pandey Nagar Opposite Chaudhary Charan Singh University, Near Vodaphone Office MEERUT,UTTAR PRADESH Pincode: 250004 Phone:18001034959

Meerut - I

  • Shri Krishna Tower, Gadh Road, Opposite Vikrant Automobiles MEERUT,UTTAR PRADESH Pincode: 250001 Phone:18001034959

Ghaziabad

  • First Floor, B-5, Patel Nagar-II, Above Ganga Electronics Pvt. Ltd, Meerut Road GHAZIABAD,UTTAR PRADESH Pincode: 201001 Phone:18001036369
View All Branches

Shriram FD Customer Care in Meerut

The Fixed Deposit Customer Care team is available to address any queries regarding your FD account. Those in Meerut can easily reach out for support using the contact details provided below.

Toll Free

Shriram FD Status in Meerut

For updates on your FD deposit in Meerut, access the online portal or contact customer care. These platforms let you review interest rates and maturity details, helping you track your deposit’s progress and plan your finances with ease.

Fixed Deposit in Major Cities in India

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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 Meerut?

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

The interest rate on FD in Meerut 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 Meerut?

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

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 Meerut in the name of a minor?

Yes, with Shriram Fixed Deposit, you can open a fixed deposit account for a minor as long as the guardian provides their consent.

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

Yes, premature withdrawal of a fixed deposit usually results in a penalty that reduces the applicable interest rate on the deposit.

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

Yes, you can update the nominee for your FD account in Meerut by submitting a request form along with valid identification details of the new nominee.

Can I open multiple Fixed Deposits in Meerut?

Yes, opening multiple fixed deposits is permitted both within one financial institution and across several institutions.

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

There is usually no upper limit on fixed deposits unless specified under particular schemes offered by financial institutions.

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

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

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

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 Meerut?

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 Meerut?

Yes, FD interest rates can vary depending on the tenure. Longer tenures generally provide different rates compared to shorter ones due to the duration of commitment.

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

To close a Shriram Fixed Deposit prematurely, you need to submit the original deposit receipt with a Rs.1 revenue stamp, a request letter, and a cancelled cheque. As per RBI guidelines, premature closure is not permitted within three months of deposit/renewal unless it is due to the depositor's 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.