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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 Salem

When managing your savings, finding a dependable option that matches your financial plans is important. In Salem, many individuals are choosing to invest in a Fixed Deposit in Salem for its structured approach to saving and earning interest over a fixed term. This guide is designed to help you understand how an FD in Salem with Shriram Finance works. It outlines the available tenure options, how interest can be received, and what to consider before you invest. Whether you're saving for short-term needs or long-term goals, this guide offers practical information to help you make a thoughtful financial decision.

Types of Fixed Deposits

Consider these fixed deposit types to help achieve your financial goals

interest rates

Cumulative Fixed Deposit

This option does not pay interest regularly. Instead, the interest earned is added back to the principal, creating a compounding effect. Your money grows faster over time as interest is earned on both the original deposit and accumulated interest. When the deposit matures, you receive the full amount your initial investment plus all the interest earned. Cumulative FDs are suitable for those aiming for long-term growth without needing regular income, as they use compound interest to increase returns.

achievement

Non-Cumulative Fixed Deposit

This type pays interest at fixed intervals, such as monthly, quarterly, or annually. Interest is calculated using simple interest methods. Non-cumulative FDs offer predictable returns and better access to your money compared to cumulative deposits, making them ideal for managing ongoing 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

Saving with fixed deposits in Salem can be a practical way to meet your financial targets. Knowing their features and benefits helps you select the right option for your requirements. Below are some key aspects to consider when making your decision.

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

Shriram Fixed Deposit Interest Rates in Salem

FD rates in Salem vary according to the bank and the term of the deposit. Comparing different plans can help you make an informed decision as rates fluctuate. You may choose between receiving interest at intervals or reinvesting it for growth. Selecting an appropriate fixed deposit option aligns with your financial goals. 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

STEP 03

Investment amount

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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 Salem

It is important to confirm that you meet the eligibility requirements before opening a fixed deposit account in Salem. Generally, these categories can open an FD, and knowing the rules beforehand helps in a smooth application process.

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

How to Invest in Fixed Deposit with Shriram in Salem

Shriram Finance offers the Shriram Unnati Fixed Deposit in Salem, with application options available online and at branches. This fixed deposit features flexible tenures and practical interest rates. To make the process smoother, keep your documents ready. Below are the steps for opening your 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 Salem?

Once your deposit reaches maturity, you can decide to renew your Shriram FD in Salem and continue enjoying its advantages. The renewal process is available online through the website or app, or at a nearby branch. Follow the steps below 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 Salem

Shriram Finance provides services through FD branches in Salem, enabling you to open fixed deposits or manage account matters. Staff members assist with renewals, applications, and more. Visiting the branch allows you to explore the features of fixed deposit schemes.

Kolathur SL

  • D.NO.9, 1st Floor, Ward no.5, PKR complex, Appusamy ,Street, Mettur Main Road, Kolathur SALEM,TAMIL NADU Pincode 636303 Phone18001036369

Three Roads

  • No. 39 52, Three Roads Theerthamalai Vaniga, Valaga SALEM,TAMIL NADU Pincode 636009 Phone18001034959

Chevapettai

  • No.49/50,First Floor, Fort Main Road, BSNL Exchange Office Opposite, ING Vysya Bank Upstairs, Shevapet SALEM,TAMIL NADU Pincode 636002 Phone18001036369
View All Branches

Shriram FD Customer Care in Salem

The Fixed Deposit Customer Care team is here to help with any FD-related queries. Those in Salem can contact the team for assistance. The details provided below make it simple to access support when required.

Toll Free

Shriram FD Status in Salem

To estimate your FD returns, use an FD returns calculator. By entering your investment amount, interest rate, and tenure, you can easily calculate your expected earnings and make informed decisions about your fixed deposit investments.

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 Salem?

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

What is the interest rate on Fixed Deposits in Salem?

The interest rate on FD in Salem 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 Salem?

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

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 Salem in the name of a minor?

Yes, with Shriram Fixed Deposit, you can open a fixed deposit account for a minor as long as the guardian provides their consent.

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

Yes, premature withdrawal of a fixed deposit usually results in a penalty that reduces the applicable interest rate on the deposit.

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

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

Can I open multiple Fixed Deposits in Salem?

Yes, opening multiple fixed deposits is permitted both within one financial institution and across several institutions.

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

There is usually no upper limit on fixed deposits unless specified under particular schemes offered by financial institutions.

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

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

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

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 Salem?

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 Salem?

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 Salem?

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.