Notifications3
close

Fixed Deposit up to 9.05% p.a.* Interest rates. Invest Now

 

01-01-2023 00:13:59

Recurring Deposit up to 8.50% p.a.* Interest rates. Invest Now

 

14-11-2022 14:09:00

Two Entities - One Shared Vision - STFC and SCUF are now merged as Shriram Finance

14-11-2022 14:08:45

Recurring Deposit

Stay future-ready with a Recurring Deposit investment. Invest your monthly savings into Shriram Finance Recurring Deposit and enjoy steady growth. Start a RD with as little as ₹ 500 a month.


Features & Benefits

Trusted by millions of customers, Shriram Recurring Deposit can yield you remarkable returns on your investment

images
Higher Interest Rate

Grow your savings with returns as high as 8.50% p.a.*

images
Goal-Based Savings

Systematic savings plan with safe and secured returns

images
Guaranteed Returns

Earn assured returns irrespective of market fluctuations

images
Flexible Tenure

Choose from the flexible investment options starting from 12 to 60 months.

images
Minimum Investment Amount

Start investing as little as ₹ 500 per month

How to Apply

Book your Shriram Recurring Deposit in four easy steps.

images
  • Step 01

    Register using your mobile number

  • Step 02

    Enter PAN details and instalment amount

  • Step 03

    Enter tenure, KYC & bank details and complete your payment

  • Step 04

    Receive the recurring deposit receipt and maximise your returns

Eligibility

Who can invest in a Recurring Deposit with us?

images
Resident Individuals
images
Hindu Undivided Families (HUFs)

Interest Rates

A recurring deposit is a safe investment and independent of market fluctuations. Check Shriram Finance Recurring Deposit interest rates and charges.


Interest Rates on Recurring Deposit (w.e.f 1st August 2021)

8.50% p.a.*

Interest Rates

Tenure (Months) Rate % (p.a. at monthly rests) Maturity value for a monthly instalment of ₹ 500
12 7.03 ₹ 6,203
24 7.12 ₹ 12,930
36 8.18 ₹ 20,460
48 8.34 ₹ 28,565
60 8.50 ₹ 37,500

FAQs

What are the minimum and maximum investment tenure in an RD with Shriram Finance?

  • While the minimum tenure of a recurring deposit is 12 months, the maximum term is up to 60 months.

What are the instalment frequencies available and modes by which the instalment is paid?

  • We have a monthly payment of instalment option, which will be auto-debited from the depositor's bank account mentioned on the application during investment.

What is a maturity date?

  • A maturity date is when all funds due are paid towards your nominated account.

Articles

undefined

What are the risks of putting money into a Recurring Deposit?

Recurring Deposit, commonly known as RD, is an ideal and

undefined

What makes a fixed deposit different from a recurring deposit

All commercial banks provide a facility of depositing amounts

undefined

Why should I invest in Shriram Finance's recurring deposit?

Today, there is a lot of information on financial products and investment options available

Maximise savings with a Recurring Deposit