FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (2024)

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FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (1)

Fixed Deposit
A Golden Opportunity to
earn up to 9.20%* p.a.

**T&C Apply

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (2)

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An All-In-One
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Everything You
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FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (3)

Fixed Deposit
Secure your future today
Returns as high as 9.20%* p.a.

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

**T&C Apply

Open Fixed Deposit Online

By continuing, you agree to the Terms and Conditions of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application

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Overview

Features

FD Calculator

How to Invest

Eligibility

Interest Rates

FAQs

Did you know that saving is the first step you can take towards investing?
Letting your hard-earned money sit idle in a bank account is not ideal. Invest in a fixed deposit for steady savings, growth and generate inflation-beating returns. Fixed deposits remain the mainstay of India's safest investment options.

Features & Benefits

Trusted by millions of customers, Shriram Fixed Deposit is the safest investment option with attractive interest rates.
Rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research.

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (5)

Higher Interest Rate

Grow your savings with interest rates as high as 9.20%* p.a.

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (6)

Benefits for Senior Citizens

Senior citizens get an additional 0.50%* p.a.

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (7)

Special Interest Rates for Women

Women depositors get an additional 0.10%* p.a.

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (8)

Flexible Tenure

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

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (9)

Flexible Payout Options

Choose from flexible interest payout options, i.e., monthly, quarterly, half-yearly, yearly or at maturity.

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (10)

Guaranteed Returns

Get steady and assured returns irrespective of market fluctuations.

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Fixed Deposit Calculator

Check returns on your investment using our FD calculator

Investment Summary

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (11)

Deposit

Invested Amount

Floating Button

How to Invest?

Applying for Shriram Fixed Deposit online is easy. Book your Shriram Fixed Deposit in four easy steps.

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (12)
Know More

Eligibility

Who can invest in a Fixed Deposit with us?

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (13)

Resident Individuals

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (14)

Partnership Firms

View More

Interest & Charges

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

Interest Rates

  • Interest rates up to

    9.20%*p.a.

  • Including0.50%* p.a.for Senior Citizens
    and0.10%* p.a.for Women

INTEREST RATES-ON FIXED DEPOSITS/RENEWALS ( w.e.f 24th October 2023)

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

Additional interest of 0.50%* p.a. will be paid forSenior citizen(Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25%* p.a. will be paid onall renewals, where the deposit is matured.

Additional interest of 0.10%* p.a. will be paid toWomen Depositors.

To access comprehensive details about your current investment with Shriram Finance, please log in to our Customer Portal.

FAQs

What is a maturity date?

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

Are there any special rates for senior citizens?

Yes, Shriram offers special interest rates for senior citizens at an additional 0.50%* p.a. on fixed deposits

Can I add funds to my Fixed Deposit?

No, funds cannot be added at any time of the tenure once your FD is booked.

What is the minimum and maximum investment tenure in an FD with Shriram Finance?

The minimum tenure of a fixed deposit is 12 months and the maximum tenure is up to 60 months

How will I receive the interest amount?

The interest on FD will be credited to your registered bank account

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.

Articles

Monthly Interest for Rs.1 Lakh Fixed Deposit

The assurance of high returns and the risk-averse characteristic of the fixed deposit, make it a favored choice of investment among the Indian population.

Monthly Interest for Rs.1 Lakh Fixed DepositRead More

Benefits of Investing in a Fixed Deposit

Everybody is aiming at creating wealth and increasing their capital over a specific period. There are several financial instruments available today, which are correlated with future growth and rate of return.

Benefits of Investing in a Fixed DepositRead More

Why Shriram Finance Fixed Deposit is the Best Investment Option in India

The one thing we always check during the process of financial planning is the safety of our investments.

Why Shriram Finance Fixed Deposit is the Best Investment Option in IndiaRead More

Fixed Deposit Interest Rate for Senior Citizens

A fixed deposit is one of the most popular investment products in India. It is especially beneficial for those unwilling to invest in high-risk financial instruments such as equity and mutual funds.

Fixed Deposit Interest Rate for Senior CitizensRead More

View More

Maximise savings with a Fixed Deposit

FD: Open Fixed Deposit - Up to 9.20%* p.a. Best Interest Rates | Shriram Finance (2024)

FAQs

Which small finance bank has the highest interest rate for fixed deposit? ›

Highest FD interest rates in small finance banks

Jana Small Finance Bank is offering an interest rate of 8.5% for FDs maturing in 365 days. Equitas Small Finance Bank is offering an interest rate of 8.5% for FDs maturing in 444 days.

What is the highest FD rate for senior citizens? ›

The highest FD rates are offered for a tenure of 42 months, which is 8.85% p.a. for senior citizens and 8.50% p.a.

Which bank gives 8% interest? ›

YES Bank and IndusInd Bank offers 8 percent interest on three-year FDs for senior citizens. Among private banks, it offers the best interest rates. A sum of Rs 1 lakh invested grows to Rs 1.27 lakh in three years. Bank of Baroda offers 7.75 percent interest on three-year FDs for senior citizens.

Which bank gives 9 percent interest? ›

Unity Small Finance Bank offers FD interest rates ranging from 4.50% to 9% for tenures maturing between 7 days and 10 years to general citizens. The highest interest rate of 9% is offered on FDs maturing in 1001 Days. The rates are effective from October 9, 2023.

Which bank has the highest FD rates in 2024? ›

Canara Bank FD interest rates

The highest interest rate of 7.25% is offered for tenure of 444 days. The rates are effective from February 19, 2024.

What is a good FD rate? ›

Earn up to 8.5% interest on FD

On maturity POPULAR 8.10% p.a. Monthly7.81% p.a. Quarterly7.87% p.a. Half-Yearly7.94% p.a.

What are the bank FD rates for senior citizens in 2024? ›

FD Interest Rates 2024 in India

ICICI Bank offers FD interest rates as high as 7.75% p.a. for Senior Citizens (60 years and above age) and up to 7.2% p.a. for citizens below 60 years of age.

What is the monthly interest on 1 lakh FD? ›

So, if you are looking at determining monthly interest for a fixed deposit of 1 lakh, you can divide the monthly interest pay out at 7.11% which is 6,581p.a. and divide that by the number of months which is 12. The monthly interest for a Rs. 1,00,000 FD is Rs. 548.

What is the difference between SBI and federal bank? ›

SBI is a government bank and federal Bank is private, State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.

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