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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 Wayanad

Wayanad is a serene district in the Western Ghats of Kerala and is celebrated for its lush greenery, spice plantations, and indigenous culture. It offers a secure and rewarding option for growing your savings through fixed deposits. A Fixed Deposit in Wayanad provides investors with stable and predictable returns, making it an ideal choice for those seeking financial security and steady income. This guide will help you understand the benefits, current interest rates, and key features of fixed deposits available in Wayanad, enabling you to make informed decisions to strengthen your financial future in this tranquil, naturally rich region.

Types of Fixed Deposits

Here are various fixed deposit options to help you reach your money goals

interest rates

Cumulative Fixed Deposit

This is a term deposit where your interest isn't paid out at regular intervals. Instead, it gets reinvested along with your original amount. This creates a compounding effect that increases your overall earnings, as you gain interest on an ever-growing sum. When your deposit reaches its end date, you receive everything together, both your initial investment and all the accumulated interest. These deposits are perfect for people who want their money to grow over time without needing regular income, taking full advantage of compound interest to maximise returns.

achievement

Non-Cumulative Fixed Deposit

A Non-Cumulative Fixed Deposit provides interest payments at regular intervals, giving you a steady flow of income. The bank calculates your earnings using simple interest methods, with payment options including monthly, quarterly, or annual disbursements. This choice offers predictable returns and better access to your money compared to cumulative deposits, making it suitable for those needing to meet 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 features and benefits of fixed deposits helps you make better investment decisions. Here are the main advantages

Flex Tenure
Predictable returnsPredictable returns
Attractive Interest
Flexible tenureFlexible tenure
Compounding Benefit
Attractive interest ratesAttractive interest rates
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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 Wayanad

Fixed deposit rates in Wayanad vary considerably among different banks and financial institutions. It's wise to compare rates to ensure you get the best possible returns. Generally, interest rates are influenced by factors such as how long you invest and which institution you choose. 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 Wayanad

Before opening a fixed deposit account, you need to check if you meet the eligibility requirements. Typically, these categories can open an FD.

    • 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 Wayanad

Shriram Finance offers attractive interest rates and flexible time periods with their Shriram Unnati Fixed Deposit. You can open an account online or visit a local branch to complete your application. Ensure you have all necessary documents ready for a smooth process. To invest online, follow these general steps.

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 Wayanad?

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

Shriram Finance has established FD branches across Wayanad to meet your fixed deposit requirements. Each branch is staffed with experienced professionals who can provide expert guidance on how to open fixed deposit accounts or manage your existing Unnati Fixed Deposit Scheme. Our Wayanad branches can be found at.

Kalpetta

  • First Floor, Room No. 491/8, Georjoys Building, Chungam Junction, Pallithaze Road, Near KSeF Office, Kalpetta WAYANAD,KERALA Pincode: 673121 Phone:18001036369

Ambalavayal

  • First Floor, SS Arcade, near St. George Orthodox Church, Ayiramkolly, Ambalavayal WAYANAD,KERALA Pincode: 673593 Phone:18001036369

Mananthavady - I

  • Fathima Arcade, First Floor, Shutter Number 430G, Near KSEB Office,8/4 Vellamunda Kattayad Post WAYANAD,KERALA Pincode: 670731 Phone:18001034959
View All Branches

Shriram FD Customer Care in Wayanad

If you have any questions or need assistance with your fixed deposit account, our dedicated Fixed Deposit Customer Care team is available to help. Simply call one of our customer service numbers for immediate support regarding your investments. You can reach us at.

Toll Free

Shriram FD Status in Wayanad

To check your Shriram Fixed Deposit status in Wayanad, you can either use our convenient online portal or contact our customer care team. Regular monitoring ensures you stay informed about maturity dates and interest earnings.

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Fixed deposit in Punjab

Fixed Deposit FAQs

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

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

The interest rate on FD in Wayanad 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 Wayanad?

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

Yes, premature withdrawal of a fixed deposit is allowed in Wayanad; 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 Wayanad 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 Wayanad?

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

Can I open multiple Fixed Deposits in Wayanad?

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

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

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 Wayanad?

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

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

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 Wayanad?

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 Wayanad?

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 Wayanad?

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.