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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 Vellore

Vellore, a city known for its historical significance and medical institutions, offers a variety of opportunities to secure and enhance your financial future. Among these, a Fixed Deposit in Vellore provides a particularly stable and reliable option, offering the potential for consistent returns. This guide aims to furnish you with valuable information about FD in Vellore, covering its advantages, prevailing interest rates, and practical guidance for selecting a fixed deposit scheme best suited to your individual financial objectives. By understanding these key aspects, you can make informed choices to grow your savings and establish a sound financial foundation in this dynamic city.

Types of Fixed Deposits

Here are the various types of FDs to achieve your financial goals.

interest rates

Cumulative Fixed Deposit

With Cumulative FDs, interest earned is added to your principal, creating a compounding effect that maximises returns for long-term investors who don't need immediate access to earnings. This compounding effect increases the overall yield, as interest accrues on the growing principal. At maturity, the investor receives a lump sum comprising both the initial deposit and accumulated interest. Cumulative FDs are ideal for those seeking long-term growth without needing regular income, leveraging compounding to maximise returns.

achievement

Non-Cumulative Fixed Deposit

Non-Cumulative FDs calculate interest using simple interest methods, providing regular payouts that create predictable income streams for everyday expenses. Interest is calculated using simple interest and can be paid monthly, quarterly, or annually. This option offers predictable returns and better liquidity compared to cumulative FDs, making it suitable for meeting 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. Key fixed deposit characteristics and benefits critical for investment decisions:

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 Vellore

Fixed deposit interest rates in Vellore show significant variance among financial institutions. Comparative analysis helps maximise returns. Rate differentials typically reflect investment duration and provider category. 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 %

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Deposit

Invested Amount

₹ 50,000

Shriram Fixed Deposit Eligibility Criteria in Vellore

Before opening a fixed deposit account, you must meet specific fixed deposit eligibility criteria in Vellore. Fixed deposit qualification criteria in Vellore include.

    • 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 Vellore

Shriram Finance provides attractive interest rates and flexible tenures on its Shriram Unnati Fixed Deposit. You can open a fixed deposit account online or visit a branch to complete the application process. Ensure you have all necessary documents ready for a smooth experience. Generally, the steps below are the process to invest in FD 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 Vellore?

Before your fixed deposit matures, you can renew your Shriram FD in Vellore 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 Vellore

Shriram Finance maintains a network of Vellore branches with knowledgeable professionals offering guidance on opening new fixed deposits or servicing existing Unnati Fixed Deposit accounts. Below is the list of Shriram Finance branches in Vellore.

Brahmapuram Bp

  • Door No.233/4A, First Floor, Sai Commercial Building, Koranthangal, Bramhapuram VELLORE,TAMIL NADU Pincode: 632014 Phone:18001036369

Vellore

  • No. 1, 2nd, Floor, Vellore- Chittoor Main Road,Senkuttai, Near Government Boys Higher Secondary School, Katpadi VELLORE,TAMIL NADU Pincode: 632007 Phone:18001034959

Vengalapuram

  • No.99/100, First Floor, Thiruvannamalai Main Road, Near Indian Bank, Vengalapuram Village And Post, Thirupathur Taluk, Vengalapuram VELLORE,TAMIL NADU Pincode: 635653 Phone:18001034959
View All Branches

Shriram FD Customer Care in Vellore

Our specialised Fixed Deposit Customer Support team is ready to address any account-related concerns. For immediate investment assistance, contact these phone numbers.

Toll Free

Shriram FD Status in Vellore

Monitor your Shriram Fixed Deposit status in Vellore through our digital services or by reaching our customer care. Regular status reviews ensure you're informed about maturity timeframes and interest earnings.

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 Vellore?

The minimum deposit amount for a fixed deposit in Vellore 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 Vellore?

The interest rate on FD in Vellore 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 Vellore?

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

Yes, premature withdrawal of a fixed deposit is allowed in Vellore; however, it may incur penalties or reduced interest rates. It’s advisable to check the specific terms before proceeding.

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

Yes, you can open a fixed deposit account in the name of a minor with a guardian's consent with Shriram Fixed Deposit.

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

Yes, there is usually a penalty for premature withdrawal of a fixed deposit. This penalty often involves a reduction in interest rates applicable to the deposit.

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

Yes, you can change the nominee for your FD account in Vellore. This process typically requires submitting a request form along with valid identification details of the new nominee.

Can I open multiple Fixed Deposits in Vellore?

Yes, you can open multiple fixed deposits in Vellore across different financial institutions or within the same financial institution.

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

Generally, there is no upper limit; however, some financial institutions may have specific schemes with defined limits.

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

Yes, you can open a fixed deposit account in a joint account in Vellore subject to the financial institution’s terms and conditions.

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

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 Vellore?

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 Vellore?

Yes, FD interest rates can differ based on tenure. Typically, longer tenures may offer higher interest rates compared to shorter ones due to the extended commitment from the depositor.

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

To close a Shriram FD prematurely, submit the original deposit receipt with a Rs.1 revenue stamp, a request letter, and a cancelled cheque. According to the direction of the RBI, a deposit receipt cannot be prematurely closed before three months from the date of deposit/renewal except in case of death of the depositor.

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.