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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 Mohali

With Mohali emerging as a centre for professionals and small business owners, many residents are now leaning towards stable investment options. Among these, a Fixed Deposit in Mohali stands out for offering assured returns and protection against market volatility. Those looking for a reliable savings option often turn to established financial institutions. One such trusted name is Shriram Finance, known for its customer-first approach. With Shriram Fixed Deposit, investors benefit from competitive interest rates, flexible tenure choices, and a simple application process. If you're planning your next step towards financial stability, starting an FD in Mohali with Shriram Finance could be a smart move.

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 term deposit where the interest earned is not paid out periodically but is instead reinvested into the principal amount. This reinvestment allows the principal to grow, resulting in higher returns through compounding. Upon maturity, the investor receives a lump sum that includes both the original deposit and the compounded interest. Cumulative FDs are ideal for individuals seeking long-term financial growth without requiring regular payouts, as they leverage compounding to maximise earnings.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit provides interest payments at regular intervals, ensuring a steady flow of income. This option is particularly suitable for individuals who depend on periodic payouts. The interest is calculated using simple interest and can be credited monthly, quarterly, or annually. Non-cumulative FDs offer consistent returns and greater liquidity compared to cumulative FDs, making them ideal for managing 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.

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

Making the right investment choices starts with knowing your options. Let's explore the fixed deposit features and benefits for Shriram Fixed Deposit

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

Shriram Fixed Deposit Interest Rates in Mohali

The FD rates in Mohali vary across banks and financial institutions. Comparing these rates is crucial to ensure you get the best returns on your investment. Typically, the interest rates depend on factors such as the tenure of the deposit and the institution offering it. 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.

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 Mohali

To open a fixed deposit in Mohali, you need to meet certain eligibility criteria. The standard requirements for opening an FD account are as follows

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

How to Invest in Fixed Deposit with Shriram in Mohali

Shriram Finance provides competitive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. You can open a fixed deposit either online or by visiting a nearby branch. Ensure that all required documents are ready to make the process seamless. The typical steps for investing in an FD online include

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 Mohali?

When your FD matures, you may want to renew your Shriram FD in Mohali to continue enjoying its benefits. You can renew your fixed deposit through our website, mobile app, or by visiting one of our branches. The general steps for renewing an FD online are as follows

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 Mohali

Shriram Finance has dedicated FD branches in Mohali to cater to your fixed deposit needs. These branches have knowledgeable staff who can guide you on how to open fixed deposit accounts or manage your existing Unnati Fixed Deposit Scheme. Check the list of our branches in Mohali

Chandigarh Zonal Office

  • 2nd, Floor, Plot No-27, Phase-1, Industrial Area, Near HDFC Bank House CHANDIGARH,CHANDIGARH Pincode 160002 Phone18001036369

Chandigarh Rs

  • Second Floor, SCO - 65, Sector 20 - CHD CHANDIGARH,CHANDIGARH Pincode 160020 Phone18001036369

Chandigarh - I

  • Second Floor, SCO 38, Sector - 29 D, Opposite to Baba Balak Nath Mandir, Sector 29 CHANDIGARH,CHANDIGARH Pincode 160030 Phone18001036369
View All Branches

Shriram FD Customer Care in Mohali

For assistance or queries regarding your fixed deposit, our Fixed Deposit Customer Care team is here to help. You can contact us for prompt responses related to your investment. Our customer care numbers are listed below

Toll Free

Shriram FD Status in Mohali

To monitor your Shriram Fixed Deposit status in Mohali, you can use our online facilities or contact customer care directly. Keeping track of your FD status ensures you stay updated on due dates and accrued interest.

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 mohali?

The minimum amount required to open a fixed deposit with Shriram Finance in Mohali is Rs.5000, with additional deposits accepted in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in mohali?

The interest rate on FD in mohali 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 mohali?

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

Yes, premature withdrawal of a fixed deposit is permitted in Mohali; however, it may involve penalties or reduced interest rates depending on the terms of the institution.

Can I open a Fixed Deposit in mohali 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 mohali?

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

Can I open multiple Fixed Deposits in mohali?

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

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

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 mohali?

Yes, joint fixed deposits are allowed subject to the terms and conditions of the financial institution.

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

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 mohali?

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 mohali?

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 mohali?

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.