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Maximise your savings with Shriram Finance fixed deposits, featuring high interest rates, flexible tenures, and a strong credit rating.
Last updated on: May 19, 2026
Shriram Finance FDs offer a reliable investment option for investors looking to maximise their savings with higher returns, flexibility, and security. With competitive interest rates, you can choose from flexible tenures that range between 12 and 60 months to best suit your financial goals. Whether you are planning for short-term or long-term growth, these FDs provide an investment avenue that allows you to get started on your investment journey with ease.
Here are the latest non-cumulative interest rates that are being offered for regular and senior citizens:
Senior Citizen |
||||
Tenor in Months |
Non-cumulative Payout |
|||
Monthly |
Quarterly |
Half-Yearly |
Annually |
|
12 |
6.55 |
6.59 |
6.64 |
6.75 |
15 ( Digital Only ) |
6.83 |
6.87 |
6.93 |
7.05 |
18-23 |
6.79 |
6.82 |
6.88 |
7.00 |
24-35 |
6.83 |
6.87 |
6.93 |
7.05 |
36-60 |
7.02 |
7.06 |
7.12 |
7.25 |
Senior Citizen |
||||
Tenor in Months |
Non-cumulative Payout |
|||
Monthly |
Quarterly |
Half-Yearly |
Annually |
|
12 |
7.05 |
7.09 |
7.14 |
7.25 |
15 ( Digital Only ) |
7.33 |
7.37 |
7.43 |
7.55 |
18-23 |
7.29 |
7.32 |
7.38 |
7.50 |
24-35 |
7.33 |
7.37 |
7.43 |
7.55 |
36-60 |
7.52 |
7.56 |
7.62 |
7.75 |
Note: The interest rates mentioned above are subject to change at Shriram Finance’s discretion. Check the NBFC’s official website for the latest rates before investing. Women depositors can receive an additional 0.05% p.a. interest over prevailing rates.
Here are some of the benefits offered by Shriram Finance when you invest in a fixed deposit:
Enjoy competitive interest rates on FDs, which can be as high as 7.80% p.a., allowing you to earn substantial returns on your investment.
Choose from a wide range of tenures between 12 and 60 months, providing flexibility to better align with your financial goals.
These FDs are considered safe investments due to their high credit ratings from agencies like CRISIL and ICRA.
Senior citizens receive an additional interest rate on top of the standard rates, helping them better plan for retirement.
Opt for a loan against your FD, allowing you to borrow funds without having to prematurely break your FD, providing liquidity when needed.
Easily manage your FDs online through the Shriram Finance website or mobile app. You can book new FDs, renew matured ones, or choose payout options with ease.
An additional 0.15% interest is offered on auto-renewal. Investors can choose the auto-renewal facility to keep their fixed deposit invested upon maturity, ensuring continuous earnings without the need for manual re-investment. Example for Returns on Investment
Here is an example that breaks down returns on investment upon maturity for a tenure of 3 and 5 years at an interest rate of 8.15% p.a.
Investment Amount |
3-Year Tenure |
5-Year Tenure |
₹1,00,000 |
₹1,30,934 |
₹1,56,706 |
₹1,50,000 |
₹1,96,401 |
₹2,35,060 |
₹2,00,000 |
₹2,61,868 |
₹3,13,413 |
₹2,50,000 |
₹3,27,335 |
₹3,91,766 |
₹3,00,000 |
₹3,92,802 |
₹4,70,119 |
Note: The above table is for illustration purposes only. Please visit the NBFC’s website to get the latest interest rates.
A fixed deposit may incur charges and deductions. It is important to understand these charges and the impact they can have on your overall returns at maturity. Here are the charges involved:
Shriram Finance provides investors with the option to prematurely withdraw their fixed deposit before it reaches maturity. This flexibility allows investors to access their funds in case of an emergency. However, certain penalties may apply, and these will vary based on the tenure.
Here is a table that shows the prepayment rates you can expect for different tenures:
Tenure |
Applicable deduction % as per scenarios |
Up to 3 months from the date of deposit/renewal (Lock-in-period) |
No repayment |
(Not applicable in case of premature repayment in the event of death of the depositor.) |
|
Up to 3 months from the date of deposit/renewal {Lock-in-period) – in case of request made for emergent situation "" |
In case of tiny deposits•••, The entire amount of depositmay be paid to the investor upon request, before the period of three months from the date of investment, without interest. |
In case of other deposits, not more than 50% of the principal sum of the deposit or, Rs.5 Lakhs whichever is lower may be prematurely paid to the investor upon request within a period of three months from the date of investment, without any interest. The remaining amount of deposit with interest at the contracted rate shall be governed by the provisions of the extant directions as applicable for public deposits. |
|
In cases of critical illness""�. hundred per cent of the amount of the principal sum of deposit, may be prematurely paid to individual depositors, at the request of the depositors, before the expiry of three months from the date of acceptance of such deposits. without interest. |
|
After 3 months but before 6 months |
No interest* |
After 6 months but before the date of maturity |
The interest payable shall be 2 % lower than the interest rate applicable to a Fixed deposit for the period for which the Fixed deposit has run or, |
General Terms*
""in the event of the death of a depositor, the Company shall repay the deposit prematurely, even within the lock-in-period. to the surviving depositor/s in the case of joint holding with survivor clause, or to the nominee/legal heir/s of the deceased depositor, on the request of the surviving depositor/s/nominee/legal heir, and only against submission of proof of death, and other necessary documents to the satisfaction of the Company. However no interest is payable on such repayments of deposits.
"The above rates are also applicable for premature repayments in the case of death of a depositor
*"" 'Tiny deposit' means the aggregate amount of public deposits not exceeding 10,0001- standing in the name of the sole or the first named depositor in the same capacity in all the branches of the company.
Premature repayments will be made only in favour of the first depositor.
The interest you earn on a fixed deposit is taxable and will be calculated based on the income tax slab you fall under. Tax is deducted at source (TDS) if the total interest income in a financial year exceeds ₹40,000 for an individual or ₹50,000 for a senior citizen. The rate is 10% if a PAN card is provided and 20% in case it is not provided. Additionally, if your total taxable income is below ₹2.5 Lakhs per annum, you are exempt from paying TDS on FD. To save on tax, ensure you submit a self-declaration Form 15G or 15H to claim this exemption.
The process of investing in a Shriram Finance FD via Bajaj Markets is straightforward. Here is a step-by-step guide:
Go to the fixed deposit section on the Bajaj Markets website
Fill out the ‘Invest Now’ form with your mobile number, date of birth, and pin code
Enter the OTP sent to your mobile number
Compare the interest rates from different banks and NBFCs
Choose the Shriram Finance FD from the list, along with the tenure and interest payout option that suits your needs
Enter your name and PAN card details
Upload your PAN card, Aadhaar card, and a recent photo for verification
Double-check and update details like your address, marital status, and email address
Enter your bank details, including your bank’s name, IFSC code, and account number
Add your nominee information
Complete the online payment using your preferred payment method
Reviewer
These FDs are rated by reputable credit agencies, receiving a rating of AAA+/Stable by CRISIL and ICRA. This rating indicates that your funds are safe, and it suggests a low-risk investment with financial stability.
The minimum tenure for an FD is 12 months (1 year), and the maximum tenure is 60 months (5 years). This flexibility in tenure options allows it to cater to different financial goals.
Yes, Shriram Finance offers special interest rates, including:
An additional 0.50% p.a. for senior citizens
An additional 0.15% p.a. for all renewals
An additional 0.05% p.a. for women depositors
You can apply for an FD online by visiting their official website or using the MyShriram mobile app. Simply fill out the application form, provide the required documents, and make the payment to book your FD.
Typically, the documents required for an FD include a PAN card, Aadhaar card, and a recent passport-sized photograph. Additional documents may be needed depending on the type of fixed deposit and the investor's profile.
Yes, you can renew your FD upon maturity by opting for the auto-renewal option when booking the FD. Alternatively, you can renew it manually by visiting the website or the nearest branch.
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