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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 Proddatur

Proddatur offers diverse investment channels that can bolster your financial standing. Among these selections, a Fixed Deposit in Proddatur emerges as particularly attractive due to its constancy and potential for regular returns. This thorough guide delivers valuable insights about FD in Proddatur, including advantages, present interest earnings, and functional recommendations for determining the right fixed deposit structure customised to your economic objectives. Through understanding these essential aspects, you can make calculated choices to grow your savings and construct a financial foundation in this commercial hub.

Types of Fixed Deposits

Following are the multiple categories of FDs to assist in achieving your financial targets

interest rates

Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit releases interest at predetermined intervals, providing a reliable income flow. It's suitable for those requiring regular distributions. Interest is calculated through simple interest methods and can be released monthly, quarterly, or annually. This alternative delivers predictable returns and improved liquidity compared to cumulative FDs, making it appropriate for managing recurring financial obligations.

achievement

Non-Cumulative Fixed Deposit

A Cumulative Fixed Deposit constitutes a deposit type where the interest generated isn't distributed periodically but instead reinvested with the principal sum. This compounding effect heightens the overall yield, as interest builds upon the growing principal. Upon completion, investors receive a total amount including both the initial investment and accumulated interest. Cumulative FDs are beneficial for individuals seeking long-term growth without needing regular income, leveraging compounding to maximise returns.

retirement

Fixed Deposit for NRI

Non-Resident Indians can invest in FDs through physical branches in India.

Life assured income

FD for Senior Citizens

This particular FD classification offers an additional 0.50%* p.a. interest advantage for elderly customers.

cash

Fixed Deposit for Women

Female depositors receive a supplementary 0.05%* p.a. interest benefit.

coin

FD for Monthly Income

This alternative enables consistent monthly interest disbursements.

Moreover, our FDs can address various additional financial requirements

  • 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

Understanding the fixed deposit features and benefits is essential for making informed investment decisions. Here are the primary features and benefits of FD

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

Shriram Fixed Deposit Interest Rates in Proddatur

The FD rates in Proddatur fluctuate substantially among competing banks and financial services. Smart investors always compare available options to secure the best possible returns. The interest percentages are typically determined by both the investment timeframe and the particular financial entity managing 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

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 Proddatur

For establishing a fixed deposit account in Proddatur, certain eligibility standards must be met. Shriram Finance accepts fixed deposit applications from the following entities in Proddatur

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

How to Invest in Fixed Deposit with Shriram in Proddatur

Shriram Finance provides attractive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. Starting a fixed deposit account is possible through our website or by approaching a Proddatur branch to finalise your application. Prepare all necessary paperwork beforehand for a hassle-free experience. The typical sequence for investing in an FD online in Proddatur includes

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 Proddatur?

As your FD approaches its maturity date, you could opt to renew your Shriram FD in Proddatur for persistent advantages. Utilise our website/mobile app or visit nearby branches to extend 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 Proddatur

Shriram Finance provides dedicated FD branches in Proddatur to accommodate your fixed deposit requirements. These service centres are staffed with seasoned financial professionals who deliver expert advice on how to open fixed deposit or handle ongoing Unnati Fixed Deposit Scheme accounts. Below is the list of Shriram Finance branches in Proddatur

Proddatur - II

  • D.No 11/576, Floor I, Opposite Hero Honda Show Room PRODDATUR, ANDHRA PRADESH Pincode516361 Phone18001034959

Proddatur - III

  • D.No., 4/620, 1st Floor, Gandhi Road PRODDATUR, ANDHRA PRADESH Pincode516360 Phone18001034959

Jammalamadugu

  • 24 42 1,First Floor Main Road,Jammalamadugu First Floor Main Road Jammalamadugu PRODDATUR, ANDHRA PRADESH Pincode516434 Phone18001036369
View All Branches

Shriram FD Customer Care in Proddatur

If you encounter issues or need clarification about your fixed deposit account, our Fixed Deposit Customer Care professionals are at your service. Connect through telephone for efficient guidance related to your investments. Our customer assistance numbers remain available for your requirements.

Toll Free

Shriram FD Status in Proddatur

To review your Shriram Fixed Deposit status in Proddatur, navigate through our efficient online services or contact our attentive customer assistance team. Consistent tracking of your FD status allows you to stay informed about forthcoming maturity dates and interest accruals.

Fixed Deposit in Major Cities in India

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Fixed deposit in Indore

Fixed Deposit FAQs

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

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

What is the interest rate on Fixed Deposits in Proddatur?

The interest rate on FD in Proddatur 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 Proddatur?

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

Yes, premature withdrawal of a fixed deposit is achievable in Proddatur; however, this action may result in certain penalties or diminished interest rates. It is prudent to check the specific conditions before proceeding.

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

Yes, Shriram Fixed Deposit facilitates opening a fixed deposit account for minors in Proddatur with guardian authorisation.

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

Yes, withdrawing a fixed deposit before its maturity date normally incurs a penalty. This typically involves applying a lower interest rate to your deposit.

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

Yes, altering the nominee for your FD account in Proddatur is possible. The process usually involves submitting a designated form with proper identification details of the new nominee.

Can I open multiple Fixed Deposits in Proddatur?

Yes, you can create several fixed deposits in Proddatur, whether with different financial institutions or within the same organisation.

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

Generally, there is no upper limit on investment amounts; however, certain financial institutions may establish specific schemes with defined maximum limits.

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

Yes, establishing a fixed deposit through a joint account in Proddatur is feasible, subject to the financial institution's particular terms and regulations.

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

Yes, many financial establishments offer special fixed deposit interest rates for senior citizens compared to standard deposits. In particular, Shriram Finance provides an enhanced interest rate of 0.50%* p.a. for senior citizens.

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

Shriram Finance grants senior citizens a beneficial rate increment of 0.50%* p.a. above the rate offered to regular depositors.

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

Yes, FD interest rates vary depending on the chosen tenure. Typically, deposits with longer durations may earn higher interest rates than shorter periods due to the extended commitment period.

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

For early closure of a Shriram FD, present the original deposit receipt with a Rs.1 revenue stamp attached, along with a written request letter and a cancelled cheque. As per RBI directives, deposits cannot be terminated before three months from the deposit/renewal date except in cases of depositor 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.