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Fixed Deposit Interest Rates.

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Interest Rates

  • Interest rates up to
    9.20%* p.a.

  • Including 0.50%* p.a. for Senior Citizens
    and 0.10%* p.a. for Women

Period (Months)Monthly % p.a.Quarterly % p.a.Half-Yearly % p.a.Yearly % p.a.
127.537.587.657.80
187.677.727.807.95
247.817.877.948.10
308.008.068.148.30
368.188.248.338.50
428.238.298.388.55
50 (JUBILEE)8.278.338.428.60
608.278.338.428.60
Period (Months)Rate % (p.a at monthly rests)Effective yield % p.aMaturity value for Rs. ₹ 5000/-
127.537.805,390
187.678.115,605
247.818.435,840
308.008.836,100
368.189.246,385
428.239.516,660
50 (JUBILEE)8.279.837,050
608.2710.217,550

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?

Under the Indian Income Tax Act, 1961, interest earned on fixed deposits is taxable. You may avoid the deduction in the following circumstances:

  • By submitting form 15G if you are under 60 years.
  • By submitting form 15H if you are over 60 years (senior citizen).

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