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FIP
Smart Investing Begins Here: Explore FIP Rates and Invest Now
Earn up to 7.65%* p.a. with FIP
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Please enter the monthly installment amount for your FIP. Please note that the amount should be in multiples of Rs.500.

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Fixed Investment Plan Interest Rates and Charges

Fixed Investments Plans (FIPs) are a great way to watch your money grow in a predictable and stable manner. But to be able to maximise the benefits of FIPs, it is essential to understand the interest rates and charges associated with them. Shriram Finance offers attractive FIP interest rates that can help you make the most of your money over your investment tenure. Before going ahead with your investment, ensure that you check the rates to stay informed. Also, please note that the rates can vary based on the investment tenure and amount. So, reviewing them before going through with the investment is essential.

Fixed Investment Plan Quick Facts

Choosing Shriram Finance for your FIP investment can be a rewarding decision. But before you start your journey with us, here are a few things to remember:

Key FeaturesDescription
Minimum DepositStarts at ₹1,000
FIP RatesUp to 7.65%* p.a. (including an additional rate of 0.05%* p.a. for women depositors)
TenureRanges from 23 to 59 months

Short-term Vs. Long-term FIP Plans

Understanding the differences between short-term and long-term fixed investment plans from Shriram Finance is crucial before you start your investment journey. Each comes with a set of unique benefits and what you choose should ultimately depend on your financial goals and time frame:

Short-term FIPFeatureLong-term FIP
23 to 39 monthsTenure37 to 59 months
LowerInterest RatesHigher
Good for shorter investment horizon and short-term funding needsIdeal ForIdeal for those seeking better returns over a longer investment horizon; suitable for long-term financial goals
Offers quicker returns and liquidityBenefitsOften benefits from attractive long-term rates

Fixed Investment Plan Interest Calculator

The Shriram Fixed Investment Plan Calculator is a versatile and handy tool that helps you figure out the returns on your fixed investment and your total maturity amount. Here’s how it works:

Frame

  • Step 1

    Enter key details like the desired investment amount, preferred instalments and tenure of investment, and select if you are a women depositor to benefit from additional rates.

  • Step 2

    Click on “Calculate” to check how much FIP interest will be earned over the investment period.

  • Step 3

    Using the information the calculator provides, you can then plan your investment effectively. You can also play around with different investment amounts, investment frequency and tenure to find a scenario that helps you maximise your returns.

Fixed Investment Plan Interest Rates and Charges FAQs

What is the interest rate for a fixed investment plan?

The interest rates for Shriram Fixed Investment Plan goes up to 7.65%* p.a., inclusive of an additional 0.05%* p.a. for women depositors.

How is the fixed investment plan interest rate determined?

Shriram Finance calculates the interest rates on its fixed investment plan by considering factors like the investment tenure, investment instalments and investment capital. You can check our online FIP calculator to understand how much interest you would be earning over your investment tenure along with the maturity amount.

Is the interest rate for the fixed investment plan fixed throughout the investment period?

Yes, one of the more compelling features of Shriram Fixed Investment Plan is that the interest rate remains constant throughout your chosen investment tenure. This means that your returns will be typically unaffected by market volatilities. With Shriram FIP, you can build wealth while enjoying stable and predictable returns.

What are the benefits of a higher fixed investment plan interest rate?

A higher fixed investment plan interest rate typically leads to increased returns on your investment, which further leads to greater earnings over your investment tenure.

Can I withdraw my investment before the maturity date if the interest rate changes?

Yes, you can usually withdraw your investment before the maturity date. But please note that early withdrawals typically incur some penalties, which could impact the returns. Always check what the penalties are for premature withdrawal before withdrawing your investment before the maturity date.

Can the fixed investment plan interest rate change after I have made the investment?

No, the FIP interest rate does not change after you have made the investment. It remains constant for the entire period of your investment, offering you stability and predictability in returns.

Can we withdraw from FIP after 3 years?

Yes, you can withdraw from Shriram FIP after 3 years, but withdrawing before the maturity date can attract some penalties. It is always advisable to check the details of premature withdrawals before making a decision.

How is the interest paid on FIP?

The interest on FIP is paid on maturity.

Maximise savings with a Fixed Investment Plan