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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 Mumbai

Mumbai is India's financial capital. It offers a wealth of investment opportunities that can significantly enhance your financial future. Among these options, a Fixed Deposit in Mumbai is particularly appealing due to its stability and potential for steady returns. This guide will provide you with valuable information about FD in Mumbai, including the benefits, current interest rates, and practical tips for selecting the right fixed deposit scheme tailored to your financial objectives. By understanding these key aspects, you can make strategic choices to grow your savings and build a financial foundation in this dynamic city.

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 periodically but reinvested along with the principal amount. This compounding effect increases the overall yield, as interest accrues on the growing principal. At maturity, the investor receives a lump sum comprising both the initial deposit and accumulated interest. Cumulative FDs are ideal for those seeking long-term growth without needing regular income, leveraging compounding to maximise returns.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit pays interest periodically, providing a regular income stream. It's ideal for those needing steady payouts. Interest is calculated using simple interest and can be paid monthly, quarterly, or annually. This option offers predictable returns and better liquidity compared to cumulative FDs, making it suitable for meeting recurring 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

Understanding the fixed deposit features and benefits is essential for making informed investment decisions in Mumbai. Below are the main features and benefits of FD

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

Shriram Fixed Deposit Interest Rates in Mumbai

The FD rates in Mumbai can vary significantly among banks and financial institutions. It's crucial to compare rates to maximise your returns. Generally, interest rates are influenced by factors like the tenure of the deposit and the type of institution offering the FD. 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.

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 Mumbai

Before opening a fixed deposit account, you must meet specific fixed deposit eligibility criteria in Mumbai. Typically, the following are the eligibility criteria for FD

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

How to Invest in Fixed Deposit with Shriram in Mumbai

Shriram Finance provides attractive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. You can open a fixed deposit account online or visit a branch to complete the application process. Ensure you have all necessary documents ready for a smooth experience. Generally, the steps below are the process to invest in 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 Mumbai?

When your FD matures, you may want to renew your Shriram FD in Mumbai for continued benefits. Visit our website/mobile app or branches to renew your fixed deposit. Below are the general steps to renew 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 Select the FD amount and tenure. 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 Mumbai

Shriram Finance operates FD branches in Mumbai to serve your fixed deposit needs. These branches are staffed with experienced professionals who provide expert guidance on how to open fixed deposit or manage the existing Unnati Fixed Deposit Scheme accounts. Below is the list of Shriram Finance branches in Mumbai

Matunga

  • 2nd Floor Vasant Breezy Annex, Maheshwari Udyan ,Matunga,Mum Matunga, MUMBAI, MAHARASHTRA Pincode400019 Phone18001034959

Bandra

  • Level1, (East Wing) Wockhardt Tower, C2, G-Block, Bandra Kurla Complex, Mumbai, Bandra MUMBAI, MAHARASHTRA Pincode400051 Phone18001036369

Sakinaka

  • Office No. 125 & 127, Sagar Teck Plaza - A, Sakinaka, Andheri MUMBAI, MAHARASHTRA Pincode400072 Phone18001034959
View All Branches

Shriram FD Customer Care in Mumbai

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 Mumbai

For those with a Shriram Fixed Deposit in Mumbai, checking the status is straightforward using online services or by contacting customer care. This ensures you stay updated on maturity dates and interest earnings, helping you plan your finances better.

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 Mumbai?

The minimum deposit amount for a fixed deposit in Mumbai for Shriram FD is Rs.5000, with deposits accepted in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in Mumbai?

The interest rate on FD in Mumbai 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 Mumbai?

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

Yes, premature withdrawal of a fixed deposit is allowed in Mumbai; however, it may incur penalties or reduced interest rates. It is advisable to check the specific terms before proceeding.

Can I open a Fixed Deposit in Mumbai 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 Mumbai?

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

Can I open multiple Fixed Deposits in Mumbai?

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

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

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 Mumbai?

Yes, you can open a fixed deposit account in a joint account in Mumbai subject to the financial institutions terms and conditions.

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

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 Mumbai?

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 Mumbai?

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 Mumbai?

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.