Shriram Finance FD Interest Calculator

When booking a Fixed Deposit (FD) with Shriram Finance, use online investment tools to maximise your returns. A Shriram Finance FD calculator helps you find suitable investment terms that ensure you earn the desired return. The Non-banking Financial Company (NBFC) allows you to book an FD by investing in a minimum of ₹5,000 for a tenure of up to 60 months. 

You also stand to benefit from its competitive interest rates that range from 6.79% to 8.15% p.a. The highest rate is inclusive of the senior citizen benefit of 0.50% p.a. and women depositor additional rate of 0.05% p.a. Upon FD renewal, the NBFC offers an extra 0.25% p.a. This ensures wealth accumulation over the long-term, alongside preservation. 

The Shriram Finance FD calculator is a free online tool that helps estimate the returns on your fixed deposit investments. This easy-to-use calculator requires minimal information, such as the deposit amount, applicable interest rates, and preferred FD tenure. You can compare potential earnings by selecting an investment option that aligns with your financial goals. The Shriram Finance FD calculator simplifies financial planning and helps you make informed investment decisions. 

Here is how to use the Shriram Finance FD calculator:

1. Enter the amount you wish to deposit

2. Input the offered interest rate

3. Select a tenure you're comfortable with

Once you submit these details, the calculator will apply the formula and display an estimated payout at maturity. You can adjust the terms as many times as needed to find the best option that aligns with your financial goals.

Here is an illustration that will better help you understand how an FD calculator works:

If a senior citizen is looking to invest ₹4,00,000 in a fixed deposit with Shriram Finance for a tenure of 5 years at an interest rate of 8.15% p.a., here’s what the payout at maturity would look like:

• FD amount: ₹4,00,000

• Interest Rate: 8.15% p.a.

• Tenure: 5 years (60 months)

After entering these details, the calculator will display a total payout of approx. ₹5,91,640 upon maturity. This includes approx. ₹1,91,640 as interest earned, along with the principal amount of ₹4,00,000.

Before investing, it’s advisable to compare Shriram Finance’s interest rates with those offered by other banks and NBFCs on the Bajaj Markets platform. Below are the available interest rates: