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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 Shimla

Saving for the future requires careful planning, and a Fixed Deposit in Shimla can be a practical step in that direction. It allows you to earn steady returns over a chosen period, helping you manage your money with more certainty. In this guide, you’ll find helpful details about opening an FD in Shimla with Shriram Finance. From selecting the right deposit term to understanding how interest payouts work, this guide aims to simplify your decision-making process. Whether you're saving for a specific goal or simply want to grow your funds gradually, the information here can support your financial journey in a structured way.

Types of Fixed Deposits

Consider these fixed deposit types to support your financial objectives

interest rates

Cumulative Fixed Deposit

This investment approach doesn't provide regular interest payments. Rather, the interest generated is added back to your principal sum. This produces a compounding effect, enabling your funds to increase more rapidly over time. Interest accumulates on both your initial deposit and previously earned interest. At maturity, you collect the entire amount - your original deposit plus all accrued interest. Cumulative FDs are suitable for those seeking long-term growth without requiring regular income, as they utilise compound interest to improve returns.

achievement

Non-Cumulative Fixed Deposit

With this alternative, you receive interest at scheduled intervals, delivering a consistent income stream. Your earnings are determined using simple interest calculations and can be disbursed monthly, quarterly, or yearly. This selection provides predictable returns and improved access to your money compared to cumulative deposits, making it fitting for 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 Wedding Expenses
  • FD for Home Expenses
  • Fixed Deposit for Children
  • 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

Careful examination of fixed deposit qualities and benefits is crucial to creating sound investment approaches. The key attributes of FD comprise

Flex Tenure
Compounding benefitsCompounding benefits
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
Predictable returnsPredictable returns
Low Investment
Attractive interest ratesAttractive interest rates

Shriram Fixed Deposit Interest Rates in Shimla

FD rates in Shimla differ depending on the bank and deposit period. Every financial institution provides its distinct interest rates, making it worthwhile to compare choices. Whether you require regular income or want to increase your savings over time, selecting a fixed deposit that matches your financial strategy can help improve financial planning. Always make sure your deposit selection fits your financial requirements for more efficient money management. Think about features like auto-renewal facilities and nomination provisions. 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

₹

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 Shimla

Shriram Finance has established clear eligibility criteria for prospective fixed deposit clients in Shimla. The categories allowed to place fixed deposit investments in Shimla include

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

How to Invest in Fixed Deposit with Shriram in Shimla

Shriram Finance presents the Shriram Unnati Fixed Deposit in Shimla, available for opening via the internet or a branch visit. It features adjustable time periods and appropriate interest rates. Make certain your paperwork is prepared for a smooth process. Use the instructions below to create a Shriram Unnati Fixed Deposit through the website.

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 Shimla?

When your deposit reaches maturity, you can choose to renew your Shriram FD in Shimla and continue enjoying the fixed deposit advantages. Renewal may be completed digitally through the website or application, or at a nearby branch. Use the instructions below to renew your fixed deposit via the internet.

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 Shimla

Shriram Finance provides FD branches in Shimla for handling or opening fixed deposits. Skilled staff assist you with account creation, renewals, and various questions. Attending a branch helps in selecting a fixed deposit that suits your financial needs.

Shimla - I

  • Care of Kanta Niwas Near Apple Rose Hotel Okharoo SHIMLA,HIMACHAL PRADESH Pincode 171103 Phone18001034959

Shimla - II

  • SCO-16, ( MF ), Block 3 SDA Complex, Kasumpti SHIMLA,HIMACHAL PRADESH Pincode 171009 Phone18001034959

Gumma

  • First Floor, Chauhan Niwas, Opposite PNB Bank, Vpo-Gum, Gumma SHIMLA,HIMACHAL PRADESH Pincode 171202 Phone18001036369
View All Branches

Shriram FD Customer Care in Chennai

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 Customer Care in Shimla

If you have questions about your fixed deposit account, you can reach out to the Fixed Deposit Customer Care team in Shimla. They are available to provide assistance. The customer care contact details are mentioned below for easy reference.

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 Shimla?

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

What is the interest rate on Fixed Deposits in Shimla?

The interest rate on FD in Shimla 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 Shimla?

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

Yes, you can withdraw a fixed deposit before its maturity in Shimla; however, this may involve a penalty, typically resulting in a reduced interest rate.

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

Yes, opening a fixed deposit account for a minor in Shimla is possible with Shriram Finance, provided the guardian consents and submits the necessary documents.

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

Yes, withdrawing a fixed deposit before maturity in Shimla usually incurs a penalty, often leading to a lower interest rate on the deposit.

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

Yes, you can update the nominee for your FD in Shimla by submitting a formal request along with valid identification for the new nominee.

Can I open multiple Fixed Deposits in Shimla?

Yes, you are allowed to open multiple fixed deposits in Shimla, either within the same financial institution or across different ones.

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

Generally, there is no upper limit on the amount you can invest in a fixed deposit in Shimla unless specified by particular schemes.

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

Yes, a fixed deposit can be opened jointly in Shimla, subject to the terms and conditions of the financial institution.

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

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 Shimla?

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 Shimla?

Yes, in Shimla, fixed deposit interest rates may vary based on the chosen tenure, with different durations attracting different rates.

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

To close your Shriram Fixed Deposit early in Shimla, submit the original deposit receipt with a Rs.1 revenue stamp, a request letter, and a cancelled cheque. According to RBI guidelines, premature closure within three months is not permitted unless 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.