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Two Entities - One Shared Vision - STFC and SCUF are now merged as Shriram Finance
14-11-2022 14:08:45Recurring 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
Higher Interest Rate
Grow your savings with returns as high as 8.50% p.a.*
Goal-Based Savings
Systematic savings plan with safe and secured returns
Guaranteed Returns
Earn assured returns irrespective of market fluctuations
Flexible Tenure
Choose from the flexible investment options starting from 12 to 60 months.
Minimum Investment Amount
Start investing as little as ₹ 500 per month
How to Apply
Book your Shriram Recurring Deposit in four easy steps.
- 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?
Resident Individuals
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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.*
| 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
What are the risks of putting money into a Recurring Deposit?
Recurring Deposit, commonly known as RD, is an ideal and
Is It Possible For a Single Customer in Shriram Finance to Invest in Both FDs and RDs From the Same Account?
The Reserve Bank of India (RBI)
What makes a fixed deposit different from a recurring deposit
All commercial banks provide a facility of depositing amounts
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
