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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 Nellore

In Nellore, where financial planning is becoming increasingly important, many individuals are exploring options that offer steady returns with minimal effort. A Fixed Deposit in Nellore is one such option that can support your savings goals by offering returns over a defined period. This guide is designed to help you understand how an FD in Nellore with Shriram Finance can fit into your financial plans. From selecting the right tenure to choosing interest payout options, it covers the key details that can help you make a well-informed investment. Whether you're starting fresh or adding to your existing savings, this guide will help you take the next step with confidence.

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 adds the earned interest to your original deposit. This interest is not given out during the deposit period but is combined with the principal. Over time, this leads to a larger payout when the term ends. It’s ideal for people who prefer saving without needing regular payouts.

achievement

Non-Cumulative Fixed Deposit

A non-cumulative fixed deposit provides interest payments at regular intervals. You may choose to receive these monthly, quarterly, or annually. It offers steady cash flow, which helps with ongoing expenses. The interest amount is predictable and makes budgeting easier. Depending on your needs, you can go for either of these fixed deposit types. Whether you are looking to grow your savings or want regular returns, you have options that allow you to plan according to your goals and comfort.

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

  • Fixed Deposit for Children
  • FD for Wedding Expenses
  • FD for Home Expenses
  • FD for Retirement Fund

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 features and benefits of fixed deposits is crucial for making informed investment decisions in Nellore. Below are the primary features and benefits of FD

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

Shriram Fixed Deposit Interest Rates in Nellore

FD rates in Nellore vary across banks and financial institutions, influenced by factors such as the deposit tenure and the type of institution offering the fixed deposit. Comparing these rates is essential to finding options that suit your financial goals. By reviewing current offerings, you can select a fixed deposit that aligns with your needs, whether you prioritise regular payouts or long-term growth. Shriram Fixed Deposit is rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. GGet 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

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Investment amount

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STEP 04

Tenure up to

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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 Nellore

To open a fixed deposit account in Nellore, you must meet certain eligibility criteria for fixed deposits. These criteria typically include the following for fixed deposits

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

How to Invest in Fixed Deposit with Shriram in Nellore

Shriram Finance provides competitive interest rates and flexible tenure options for its Shriram Unnati Fixed Deposit. You can easily open an account online or visit a branch in Nellore to complete the process. Make sure all required documents are ready for a smooth application experience. The steps below explain how to invest in a 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 Nellore?

When your fixed deposit matures, you can renew your Shriram FD in Nellore to continue enjoying its benefits. The renewal process can be completed 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 Nellore

Shriram Finance operates FD branches in Nellore to assist with your fixed deposit needs. These branches are staffed with knowledgeable professionals who can guide you in opening fixed deposits or managing your existing Shriram Unnati Fixed Deposit accounts. Below is a list of Shriram Finance branches in Nellore

Nellore

  • Flat 53, 54, Srinivas Complex, Opposite Magunta Layout,Srinigar Colony, Mini Bypass Road NELLORE, ANDHRA PRADESH Pincode524003 Phone18001034959

Nellore - II

  • D.No.24-1-1681,4th Floor Brahmanandapuram Gnt Road NELLORE, ANDHRA PRADESH Pincode524003 Phone18001034959

Nellore - III

  • 16-537, 2nd Floor, Indira Bhavan Road NELLORE, ANDHRA PRADESH Pincode524001 Phone18001034959
View All Branches

Shriram FD Customer Care in Nellore

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 Nellore

To keep track of your Shriram Fixed Deposit in Nellore, you can use the online services or contact customer care for assistance. This helps you stay informed about maturity dates and interest earnings, ensuring you manage your investments effectively.

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 Nellore?

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

What is the interest rate on Fixed Deposits in Nellore?

The interest rate on FD in Nellore 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 Nellore?

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

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 Nellore in the name of a minor?

Yes, you can open a fixed deposit account in the name of a minor with the consent of a guardian under Shriram Fixed Deposit.

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

Yes, premature withdrawal of a fixed deposit usually comes with a penalty, which often involves a reduction in the applicable interest rate.

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

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

Can I open multiple Fixed Deposits in Nellore?

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

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

Generally, there is no upper limit for fixed deposits; however, some schemes may have specific limits set by financial institutions.

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

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

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

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 Nellore?

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 Nellore?

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 Nellore?

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.