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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 Patiala

Are you seeking a secure and rewarding investment option? Fixed deposits with Shriram Finance offer an excellent opportunity. Shriram Fixed Deposit combines competitive interest rates of up to 8.15%* p.a. with flexible tenures ranging from 12 to 60 months. Senior citizens and women depositors can benefit from additional interest rate perks, making it a preferred choice for maximising returns. With a low minimum investment requirement of just Rs.5000, our FD in Patiala is accessible to all, whether you're a first-time investor or a seasoned saver. You can choose between cumulative and non-cumulative schemes based on your preference for a lump sum maturity payout or regular interest income. The power of compounding further enhances your savings, ensuring steady financial growth over time. Investing in Shriram Fixed Deposit is simple and hassle-free, with options to apply online for added convenience. Secure your financial future today by exploring the benefits of Fixed Deposit in Patiala with Shriram Finance.

Types of Fixed Deposits

Following are the various forms of FDs to achieve your financial goals

interest rates

Cumulative Fixed Deposit

In a Cumulative Fixed Deposit, interest accumulates over the term and is added to the principal instead of being paid out periodically. This compounding effect increases the total value. At the end of the term, the investor receives a lump sum with both the original deposit and accumulated interest. This type is ideal for those who are saving with a long-term view and don’t need income during the term.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit pays out interest at chosen intervals, helping to meet recurring income needs. Interest is calculated using simple interest and can be paid monthly, quarterly, or annually. This deposit offers greater liquidity, making it suitable for individuals 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
  • Fixed Deposit for Children
  • FD for Wedding Expenses
  • 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

Learning about our fixed deposit features and benefits allows you to plan ahead with clarity. Here's a quick overview of the major features and benefits of an FD

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

Shriram Fixed Deposit Interest Rates in Patiala

The FD rates in Patiala may vary between banks and financial institutions. Taking time to compare them helps you find better returns. These rates are generally determined by the tenure and the nature of the institution. 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

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I am a Woman

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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 Patiala

Certain fixed deposit eligibility requirements must be met to open an FD account in Patiala. Typically, these include the following

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

How to Invest in Fixed Deposit with Shriram in Patiala

Shriram Finance provides competitive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. You can open a fixed deposit online or at a branch location. Having your documents prepared beforehand ensures a smooth application. The steps mentioned below outline the general online FD application process

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 Patiala?

When your FD matures, you may want to renew your Shriram FD in Patiala 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 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 Patiala

For personal assistance, you can walk into any of our FD branches in Patiala. Our team is available to help you open fixed deposit accounts or handle your Unnati FD requirements. Here’s the list of our local branches

Patiala

  • 1st Floor Above SBI Bank Near Clarion Inn, Sirhind Road PATIALA, PUNJAB Pincode147001 Phone18001034959

Patiala - I

  • 1st Floor, SCF 31, Improvement Trust Guru Tegbahadur Opposite SBI Bank PATIALA, PUNJAB Pincode147001 Phone18001034959

Patiyala - I

  • No B-17/423, Sethi Complex, 1st Floor, Lower Mall, Opposite Polo Ground, Near Modi College PATIALA, PUNJAB Pincode147001 Phone18001034959
View All Branches

Shriram FD Customer Care in Patiala

In case you need support regarding your fixed deposit, feel free to connect with our Fixed Deposit Customer Care. Our team is available by phone for any help or clarification. The contact details are given below

Toll Free

Shriram FD Status in Patiala

To keep track of your investment, check your Fixed Deposit status in Patiala through our online portal or call our support centre. Staying updated helps you manage maturity schedules and interest earnings more effectively.

Fixed Deposit in Major Cities in India

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Fixed deposit in pune
Fixed deposit in Indore

Fixed Deposit FAQs

What is the minimum deposit amount for a Fixed Deposit in Patiala?

In Patiala, the minimum deposit for Shriram Fixed Deposit is Rs.5000, and subsequent investments must be in Rs.1,000 multiples.

What is the interest rate on Fixed Deposits in Patiala?

The interest rate on FD in Patiala 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 Patiala?

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

Yes, premature withdrawal is allowed for FDs in Patiala. However, this may attract penalties or lead to reduced interest earnings.

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

Yes, a fixed deposit account in Patiala can be opened in the name of a minor. A guardian must give consent and manage the account.

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

Yes, there is usually a penalty for premature withdrawal. The penalty is typically applied in the form of a reduced interest rate.

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

Yes, nominee details for a fixed deposit in Patiala can be updated. You’ll need to fill out a request form and provide ID proof of the new nominee.

Can I open multiple Fixed Deposits in Patiala?

Yes, it is possible to open multiple fixed deposits in Patiala. This can be either with the same financial institution or across different ones.

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

Although most financial institutions do not set an upper limit, certain FD schemes may come with specified investment caps.

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

Yes, joint fixed deposit accounts are permitted in Patiala, depending on the terms and conditions of the financial institution.

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

Yes, special FD schemes for senior citizens are available in Patiala. Shriram Finance, for instance, offers an extra 0.50%* p.a. interest to senior citizen investors.

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

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 Patiala?

Yes, FD interest rates in Patiala depend on the deposit tenure. Generally, longer-term deposits come with higher interest rates.

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

To close a Shriram Fixed Deposit before maturity in Patiala, you must submit the original FD receipt, a request letter, a cancelled cheque, and a Rs.1 revenue stamp. According to Reserve Bank of India (RBI) rules, premature closure within three months is not allowed 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.