Shriram Finance FD Rates

Investing in Shriram Finance Fixed Deposit minimises the risk and increases the returns with higher interest rates. Providing you with the flexible investment options and frequency of interest payout regulated by Reserve Bank of India (RBI), ensures a level of safety. Whether you're planning for retirement, building an emergency fund, or securing your child's future education, Shriram Finance FDs are designed to meet your diverse needs.

The interest rates for Shriram Finance fixed deposit can go up to 9.40% p.a. with senior citizens getting an extra 0.50% p.a. and women getting 0.10% p.a. extra on top of regular rates. They offer cumulative or non-cumulative FDs, providing you with the option to get a steady income stream or save for the future.

Shriram Finance FD Interest Rates

Shriram Finance offers high-interest rates of up to 9.40% p.a. giving investors a good return on their investment. Furthermore, senior citizens who are 60 years above can enjoy an additional 0.50% p.a. on regular interest rates and women can enjoy an extra 0.10% p.a. on regular interest rates. The extra interest rates help women secure their financial future, promote financial independence, and help senior citizens get a steady income stream after retirement.

Shriram FD Rates for Cumulative FD

Tenure (Months) Interest Rate % p.a. Effective Yield % p.a Maturity Value for ₹5000
12 7.59% 7.85% ₹5,392
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

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*Note- The interest rates are subject to market rates and may change. Please check the Shriram Finance’s official website for the latest information.

*Shriram Finance FD presents a special Jubilee period of 50 months, featuring an attractive interest rate of 8.47% p.a. This translates to an impressive effective yield of 10.10% p.a., providing you with an opportunity to maximise your returns over the specified period.

Shriram FD Rates for Non-Cumulative FD

Tenure (Months) Interest Rate % p.a.
Interest Rate % p.a.
Interest Rate % p.a.
(Half Yearly)
Interest Rate % p.a.
12 7.59% 7.63% 7.71% 7.85%
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%

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*Note- The interest rates are subject to market rates and may change. Please check the Shriram Finance’s official website for the latest information.

*Shriram Finance FD offers a special 50-month Jubilee period with attractive interest rates: 8.47% p.a. for monthly payouts, 8.52% p.a. for quarterly, 8.62% p.a. for half-yearly, and 8.80% p.a. for annual payouts, which maximise returns.

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FD Calculator

Knowing your maturity amount is important for understanding potential returns with Shriram Finance FD. To calculate the FD returns, using an online FD calculator is a smart choice. To check the FD maturity amount, input the investment amount (minimum ₹5000 to Maximum ₹10 crores), select the tenure and interest rate.

Maturity Date :  
Invested Amount :  ₹10,000
Interest Amount :  ₹666
Maturity Amount :  ₹10666

Types of Shriram Finance Fixed Deposits

Shriram Finance FD offers two types of fixed deposits (FD) that are created to meet the diverse needs of low-risk investors, working women, parents saving for education, and more. Whether you're seeking stability, growth, or flexibility in your investments, Shriram Finance has a solution for you. From short-term to long-term options, each FD type is designed to provide competitive returns while ensuring the safety and security of your funds.

The types of FDs offered by Shriram Finance are:

  • Cumulative FD
  • Non-cumulative FD

Cumulative Fixed Deposits: Cumulative Fixed Deposits are a type of fixed deposit scheme where the interest earned is compounded and paid out along with the principal amount at the end of the deposit tenure. Instead of receiving regular interest payouts, the interest is reinvested into the FD annually, resulting in higher returns of about 7.59% to 8.47% p.a. upon maturity. Cumulative FDs are suitable for individuals who prefer to receive a lump sum amount at the end of the investment period rather than periodic interest payments.

Non-Cumulative Fixed Deposits: Non-Cumulative Fixed Deposits are savings schemes where you receive regular interest payouts at predefined intervals chosen by you whether monthly, quarterly, half-yearly, or annually. The interest earned is not added back to the principal amount, allowing you to access it periodically as income. The interest rate ranges from 7.59% to 8.80% p.a.

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Shriram Finance FD Eligibility Criteria

Shriram Finance has designed its fixed deposit schemes with inclusive eligibility criteria for the following individuals and group interests. Further, ensuring accessibility for various entities and providing investment opportunities to a wide range of investors:

  • Resident Individuals
  • Partnership Firms
  • Companies
  • Hindu Undivided Families(HUFs)
  • Trusts and Foundations
  • Non-Resident Indians (NRIs) (Accepted only for 3 years.)
  • Unincorporated Association or Body of Individuals.

Shriram Finance FD Documents

Shriram Finance FD offers eligible parties the opportunity to invest in their FDs with minimal documentation. These documents will help Shriram Finance prevent fraud, ensure regulatory compliance, and assess investor risk profiles. The documents required to open a Shriram FD are:

  • For Resident Individuals:
    • Valid proof of address and identity, such as Aadhaar Card, Voter ID, Driving License, or Passport.
  • For Partnership Firms:
    • Proof of address.
    • Proof of identity.
    • PAN (of partnership firm).
    • Partnership deed.
    • Registration certificate.
  • For Companies:
    • Proof of address.
    • Proof of identity.
    • PAN (of company).
    • A resolution from the Board of Directors.
    • Power of Attorney issued by employees, officers, or managers for transactions.
    • Memorandum and Articles of Association.
    • Certificate of Incorporation.
  • For Hindu Undivided Families (HUFs):
    • Proof of address.
    • Proof of identity.
    • HUF declaration.
    • HUF PAN Card.
  • For Trusts and Foundations:
    • Proof of address.
    • Proof of identity.
    • PAN Card.
    • Trust deed.
    • Registration certificate.
  • For Non-Resident Indians (NRIs):
    • Valid proof of address, such as a driving licence, Voter ID, EB Bill Card, local property papers, passbook, or bank statement from India and abroad.
    • PAN Card.
    • PIO Card to demonstrate Indian origin.
    • Employment letter from overseas.
    • Passport with a valid visa.
    • DTAA declaration.
    • NRI undertaking.

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Features & Benefits of Shriram Finance FD

Shriram Finance offers a range of features and benefits that make their fixed deposits unique. Helping you maximise your savings and achieve your financial goals. The features and benefits are:

  • High interest rates: You can get high-interest rates of up to 9.40%* p.a with Shriram Finance fixed deposits.
  • Minimum deposit amount: Start your investment journey with a minimum deposit amount of just ₹5000.
  • Benefits for senior citizens: Senior citizens get an additional 0.50% p.a. over the regular interest rates.
  • Special benefits for women: Women can also enjoy an extra 0.10% p.a. over the normal rates, encouraging them to invest and gain financial independence.
  • Flexible tenure: You can enjoy flexible flexible tenure options ranging from 12 to 60 months.
  • Secure investment: Your investment is safe and secure with Shriram Finance, as it is rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research.
  • Guaranteed returns: Receive assured returns irrespective of market fluctuations.
  • Compound interest: You can take advantage of compounding benefits and earn compounded interest on your investment, helping your money grow faster over time.

Steps to Invest in Shriram Finance Fixed Deposit

Shriram Finance FD offers a straightforward process to invest in their fixed deposit. Here are the simple steps to kickstart your investment journey:

Step 1: Visit the Shriram Finance website.

Step 2: Click on ‘Investments’ then ‘Fixed Deposit’

Step 3: To start your investment journey, enter your registered mobile number, PIN code, and Email then click ‘Invest Now’

Step 4: Enter your investment amount, PAN details, and investment tenure.

Step 5: Deposit the investment and proceed to provide your KYC details and bank information.

Step 6: You will then receive the FD acknowledgment.

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Frequently Asked Questions

Yes, Shriram Finance is safe for FD investments, it has high credit ratings and has a good reputation for its reliability.

The FD rates at Shriram Finance range from 7.59% p.a. up to 8.80% p.a. or even 9.40% p.a.

No, Shriram Finance is not insured by RBI but is considered secure and reliable because of its high credit ratings.

To invest in Shriram FD, you should visit their website, register with your mobile number, input your investment amount, and PAN details, complete payment, provide KYC and bank details, and receive acknowledgment for fixed deposit.

Shriram Finance provides up to 9.40% p.a. interest rate for fixed deposits.

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