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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 Muktsar

A fixed deposit allows you to invest a lump sum for a fixed duration and receive guaranteed interest returns. It offers the kind of financial peace that many in Muktsar look for, especially those aiming for stable, long-term savings. Choosing a Fixed Deposit in Muktsar through Shriram Finance gives you access to attractive features such as flexible tenure options and competitive interest rates. The Shriram Fixed Deposit also provides additional rate benefits for women and senior citizens. With a starting investment as low as Rs.5000 and a straightforward account opening process, it's a practical choice for individuals with varying financial needs. If you're looking for a secure way to grow your funds, an FD in Muktsar with Shriram Finance could be the right fit for your goals.

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 the interest earned is not paid out periodically but reinvested into the principal. This creates a compounding effect, as the interest continues to grow on the increasing balance. At maturity, a lump sum is received that includes both the original investment and the total accumulated interest. This option is suitable for individuals aiming for long-term capital growth without needing regular income.

achievement

Non-Cumulative Fixed Deposit

Non-Cumulative Fixed Deposits offer interest payouts at fixed intervals, making them a reliable source of income. This type is ideal for those who prefer receiving returns regularly. Interest is calculated using simple interest and is typically paid monthly, quarterly or annually. It offers predictable income and better liquidity, making it useful for covering 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 Wedding Expenses
  • Fixed Deposit for Children
  • FD for Retirement Fund
  • 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

Gaining a clear understanding of fixed deposit features and benefits is key to selecting the most suitable investment option. These are the primary features and benefits of an FD

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

Shriram Fixed Deposit Interest Rates in Muktsar

The FD rates in Muktsar differ across banks and financial institutions. It is important to compare them to ensure better returns. The rate offered usually depends on the chosen tenure and the institution offering the deposit. 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

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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 Muktsar

To open a fixed deposit account in Muktsar, certain eligibility conditions must be met. Below are the general eligibility criteria required for an FD

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

How to Invest in Fixed Deposit with Shriram in Muktsar

Shriram Finance provides competitive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. You can open a fixed deposit account online or by visiting a branch. To make the process seamless, keep your documents handy. Here are the basic steps you can follow to invest in an FD through the online platform

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 Muktsar?

Once your FD reaches maturity, you may want to renew your Shriram FD in Muktsar to keep enjoying its benefits. You can do this through our website, mobile app, or by visiting a nearby branch. The following are the usual steps to renew your FD 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 Muktsar

Shriram Finance operates FD branches in Muktsar to support your deposit requirements. Our staff can guide you on how to open fixed deposit or manage your Unnati Fixed Deposit Scheme with ease. You’ll find our branch details in Muktsar listed below

Muktsar

  • SCF No-11, 1st Floor, Above Axis bank New Grain Market MUKTSAR, PUNJAB Pincode152026 Phone18001034959

Muktsar - I

  • No. FG7J, 1st Floor, Guru Teg Bahadur Nagar, Bathinda Road, Opposite Gurudwara Taran Taaran Sahib MUKTSAR, PUNJAB Pincode152026 Phone18001034959

Malout Abohar

  • First Floor, GT Road, Near PNB Main Branch, Near Muthoot Finance, Malout MUKTSAR, PUNJAB Pincode152107 Phone18001034959
View All Branches

Shriram FD Customer Care in Muktsar

For any queries or support related to your fixed deposit account, our Fixed Deposit Customer Care team is here to assist you. You can reach us by phone for prompt help with your investments. Below are the customer care contact numbers

Toll Free

Shriram FD Status in Muktsar

To check your fixed deposit status in Muktsar, you may use our online services or speak with customer care. Keeping track of your FD status allows you to stay updated on interest 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 Muktsar?

Shriram Finance accepts a minimum deposit of Rs.5000 for fixed deposits in Muktsar. Any additional amount must be in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in Muktsar?

The interest rate on fixed deposits in Muktsar 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 Muktsar?

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

Yes, premature withdrawal is permitted in Muktsar, but it may attract penalties or a lower interest rate. Check the FD terms before opting for early closure.

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

Yes, you can open a fixed deposit account in the name of a minor. This requires the consent and supervision of a guardian.

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

Yes, early withdrawal usually results in a reduced interest payout as a penalty. It's best to review the conditions carefully before proceeding.

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

Yes, it is possible to change the nominee for your FD. This generally requires submitting a formal request along with valid ID proof of the new nominee.

Can I open multiple Fixed Deposits in Muktsar?

Yes, you are allowed to hold multiple FDs, either with the same financial institution or across different ones.

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

There is usually no fixed upper limit for investing in a fixed deposit. However, certain schemes may specify a cap depending on the provider’s terms.

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

Yes, you can open a joint fixed deposit account in Muktsar, subject to the financial institutions policies.

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

Yes, special FD schemes are available for senior citizens, offering an extra interest rate. Shriram Finance also provides an additional 0.50%* p.a. interest rate to senior citizens.

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

Senior citizens are eligible for a 0.50%* p.a. higher interest rate than regular depositors, as offered by Shriram Finance.

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

Yes, FD interest rates vary depending on the investment tenure. Longer tenures typically offer better returns due to higher applicable rates.

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

To close your Shriram FD prematurely in Muktsar, submit the original deposit receipt with a Rs.1 revenue stamp, a request letter, and a cancelled cheque. Reserve Bank of India (RBI) rules prohibit closure within the first three months unless it's 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.