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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 Srikakulam

Srikakulam is a rapidly developing coastal city in northern Andhra Pradesh. It presents numerous investment channels that can strengthen your financial position. Among these selections, a Fixed Deposit in Srikakulam distinguishes itself through stability and ability to produce consistent income. This thorough overview delivers valuable details about FD in Srikakulam, including benefits, present interest earnings, and functional suggestions for determining the right fixed deposit arrangement tailored to your fiscal objectives. By understanding these critical aspects, you can make calculated decisions to expand your funds and create a financial foundation in this developing region.

Types of Fixed Deposits

Following are the diverse categories of FDs to support achieving your financial objectives

interest rates

Cumulative Fixed Deposit

A Cumulative Fixed Deposit represents a deposit form where the interest generated isn't paid out periodically but instead reinvested with the principal amount. This compounding mechanism enhances the total yield, as interest accrues on the growing principal. At maturity, depositors collect a lump sum comprising both the initial investment and accumulated interest. Cumulative FDs are ideal for individuals pursuing long-term growth without needing regular income, utilising compounding to optimise returns.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit issues interest at predetermined intervals, delivering a consistent income stream. It's suitable for those requiring regular payouts. Interest is determined through simple interest methods and can be distributed monthly, quarterly, or annually. This choice provides foreseeable yields and greater liquidity compared to cumulative FDs, making it appropriate for managing recurring 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.

Our fixed deposits can also help with various life milestones

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

The FD interest rate of 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 Non-Cumulative Fixed Deposit pays out interest at regular intervals.

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

Shriram Fixed Deposit Interest Rates in Srikakulam

The FD rates in Srikakulam demonstrate considerable range among financial service providers. Careful comparison shopping is essential to secure the most advantageous returns. Interest percentages typically reflect both the selected tenure of your investment and the bank or institution where you place your deposit. Shriram Fixed Deposit is rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. Get interest rate of up to 8.15%* p.a. inclusive of 0.50%* 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.

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 Srikakulam

Prior to initiating a fixed deposit in Srikakulam, potential investors must check their eligibility status. The following categories of investors can open fixed deposits with Shriram Finance in Srikakulam.

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

How to Invest in Fixed Deposit with Shriram in Srikakulam

Shriram Finance operates FD branches in Srikakulam to serve your fixed deposit needs. These branches are staffed with experienced professionals who provide expert guidance on how to open fixed deposit or manage the existing Unnati Fixed Deposit Scheme accounts. Below is the list of Shriram Finance branches in Srikakulam.

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 Srikakulam?

Before your fixed deposit matures, you can renew your Shriram FD in Srikakulam to continue enjoying its benefits. You can complete the renewal process 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 Srikakulam

Shriram Finance operates FD branches in Srikakulam to serve your fixed deposit needs. These branches are staffed with experienced professionals who provide expert guidance on how to open fixed deposit or manage the existing Unnati Fixed Deposit Scheme accounts. Below is the list of Shriram Finance branches in Srikakulam.

Kotturu

  • D.No.12-87, Ground Floor, Beside Hanuman Temple, Alikam Bhathili Road (Srikakulam Road), Kotturu SRIKAKULAM,ANDHRA PRADESH Pincode: 532455 Phone:18001036369

Srikakulam - II

  • 1St Floor, Krishna Complex, Women College Road Opposite Central Bank SRIKAKULAM,ANDHRA PRADESH Pincode: 532001 Phone:18001034959

Amudalavalasa

  • 8-2-75/1, Parusuram Nagar Colony, Near MDO Office, Amadalavalasa SRIKAKULAM,ANDHRA PRADESH Pincode: 532185 Phone:18001036369
View All Branches

Shriram FD Customer Care in Srikakulam

For any doubts or help with your fixed deposit account, our Fixed Deposit Customer Care personnel remain ready to address your needs. Dial our numbers for prompt responses about your investments. Our customer service lines are maintained for your convenience.

Toll Free

Shriram FD Status in Srikakulam

For verifying your Shriram Fixed Deposit status in Srikakulam, use our intuitive digital services or connect with our responsive customer support team. Regular monitoring of your FD status keeps you updated regarding impending maturity timeframes and interest accruals.

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Fixed Deposit FAQs

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

The minimum deposit amount for a fixed deposit in Srikakulam for Shriram FD is Rs.5,000, with deposits accepted in multiples of Rs.1,000.

What is the interest rate on Fixed Deposits in Srikakulam?

The interest rate on FD in Srikakulam 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 Srikakulam?

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

Yes, premature withdrawal of a fixed deposit is available in Srikakulam; however, this facility might involve certain penalties or reduced interest earnings. It's advisable to review the specific conditions before proceeding.

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

Yes, you can establish a fixed deposit account for a minor in Srikakulam with Shriram Fixed Deposit when provided with guardian consent.

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

Yes, withdrawing a fixed deposit before maturity generally incurs a penalty. This typically involves an adjustment downward in the interest rate that applies to your deposit.

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

Yes, modifying the nominee for your FD account in Srikakulam is permitted. This process typically requires submitting a designated form along with valid identification information of the new nominee.

Can I open multiple Fixed Deposits in Srikakulam?

Yes, you can create various fixed deposits in Srikakulam across different financial institutions or within the same banking organisation.

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

Generally, no upper investment limit exists; however, some financial institutions may offer specific schemes with defined maximum thresholds.

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

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

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

Yes, many financial establishments provide enhanced fixed deposit interest rates for senior citizens compared to regular deposits. Specifically, Shriram Finance offers an 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 Srikakulam?

Shriram Finance grants senior citizens a favourable rate differential of 0.50%* p.a. above the rate provided to regular depositors.

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

Yes, FD interest rates vary according to tenure selection. Typically, longer duration commitments may earn higher interest rates than shorter periods due to the extended investment timeframe.

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

To close a Shriram FD before maturity, submit the original deposit receipt with a Rs.1 revenue stamp affixed, along with a written request letter and a cancelled cheque. According to RBI directives, a deposit 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.