A Golden Opportunity to
earn up to 9.40%* p.a.
**T&C Apply
Digital FD
Earn up to 8.75%* p.a.
**T&C Apply
Secure your future today
Returns as high as 9.40%* p.a.
(Including 0.50%* p.a. for Senior Citizens
and 0.10%* p.a. for Women)
**T&C Apply
Open Fixed Deposit Online
By continuing, you agree to the Terms and Conditions of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application
Fixed Deposit Interest Rates.
A Fixed Deposit is a safe investment and independent of market fluctuations. Check Shriram Finance Fixed Deposit interest rates and charges.
Interest Rates
-
Interest rates up to
9.40%* p.a. -
Including 0.50%* p.a. for Senior Citizens
and 0.10%* p.a. for Women
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS ( w.e.f 9th April 2024)
| Period (Months) | Monthly % p.a. | Quarterly % p.a. | Half-Yearly % p.a. | Yearly % p.a. |
|---|---|---|---|---|
| 12 | 7.59 | 7.63 | 7.71 | 7.85 |
| New15 | 7.87 | 7.92 | 8.00 | 8.15 |
| 18 | 7.73 | 7.77 | 7.85 | 8.00 |
| 24 | 7.87 | 7.92 | 8.00 | 8.15 |
| 30 | 8.05 | 8.10 | 8.18 | 8.35 |
| 36 | 8.38 | 8.43 | 8.52 | 8.70 |
| 42 | 8.42 | 8.47 | 8.56 | 8.75 |
| 50 (JUBILEE) | 8.47 | 8.52 | 8.62 | 8.80 |
| 60 | 8.47 | 8.52 | 8.62 | 8.80 |
| Period (Months) | Rate % (p.a. at monthly rests) | Effective yield % p.a. | Maturity value for Rs. ₹ 5000/- |
|---|---|---|---|
| 12 | 7.59 | 7.85 | 5,392 |
| New15 | 7.87 | 8.24 | 5,515 |
| 18 | 7.73 | 8.16 | 5,612 |
| 24 | 7.87 | 8.49 | 5,849 |
| 30 | 8.05 | 8.88 | 6,110 |
| 36 | 8.38 | 9.49 | 6,423 |
| 42 | 8.42 | 9.75 | 6,706 |
| 50 (JUBILEE) | 8.47 | 10.10 | 7,107 |
| 60 | 8.47 | 10.50 | 7,625 |
Additional interest of 0.50%* p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)
Additional interest of 0.25%* p.a. will be paid on all Renewals, where the deposit is matured.
Additional interest of 0.10%* p.a. will be paid to Women Depositors.
FAQs
What happens at maturity?
Shriram Finance offers auto-renewal and auto refund options. When booking a fixed deposit, the depositor can choose the auto-renewal or auto refund option.
If the depositor has not opted for either, here are the options to choose from at maturity.
- Renew your principal amount on the maturity date
- Renew your interest amount on the maturity date
- Close your fixed deposit at the maturity date
What is a nomination?
Nomination is a process where the depositor assigns a person to whom the company must pay the deposit amount in the event of the depositor's death. A depositor can fill in nomination details when booking an FD.
Is there a fee to open a Fixed Deposit?
No fees are associated with opening or maintaining a fixed deposit
What is a TDS? Why do I require it?
What is the mode of interest payment?
The interest earned on your FD will be directly credited to the bank account linked with your FD account.
When will the interest be credited in a non-cumulative FD plan?
The interest in a non-cumulative FD is credited as below:
- For Monthly Payout: On the last day of every month
- For Quarterly Payout: On the last day of March/June/September, and December
- For Half-Yearly Payout: On the last day of March and September
- For Yearly Payout: On the last day of March
The first interest will be paid on the last day of the following month on which the FD is processed. For example, if your FD was initiated on 20th March, assuming that you have opted for monthly interest, the same will be paid at the end of the following month, i.e. 30th April.
Are there any special rates for women depositors?
Yes, Shriram offers special interest rates for women at an additional 0.10%* p.a. on fixed deposits
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 https://www.shriramfinance.in/downloads
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. 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.
Maximise savings with a Fixed Deposit
