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Features and Benefits of Shriram Finance FD

Safety of your investment is one of the key benefits of an FD. The Shriram Transport FD has a credit rating of AA+/Stable from India Ratings and Research (Ind-Ra) and ICRA. Hence, the Shriram FD is among the top issuers, ensuring credibility and reliability.


Besides this, here are the notable key features of booking a Shriram Finance FD - 

  • No interest paid on the deposit upon premature withdrawal of the FD after three months but before six months from the date of booking

  • Interest provided at a rate that is 2% less than the prevailing Shriram Transport Finance FD rates when FD is liquidated after 6 months

  • Loan against FD can be availed

  • TDS is deducted at a rate of 10% if interest earnings exceed ₹5,000 in a fiscal year 

  • TDS is payable at a rate of 20% if you do not provide a PAN (Permanent Account Number)

  • Additional interest rates of 0.10% p.a. for women depositors



Shriram Finance FD Types

1. Cumulative FD

This is one of the more popular FD types. Here, you get your interest only on maturity, based on the tenor you choose. The cumulative FD tenor options include 12, 24, 36, 48, and 60 months. Do note that the Shriram FD rates for regular citizens vary from 7.80% to 8.60%, based on the tenor.  

Adding to the benefits, senior citizen investors receive an extra 0.50% interest on the base rate offered and women deposits are eligible for additional 0.10%. For all investor profiles, the minimum cumulative FD investment is ₹5,000, and you can prematurely withdraw your corpus, if needed. 

You can opt to auto-renew your cumulative FD investment. This facility can be accessed at the time of investing.  

2. Non-Cumulative FD

Here, the non-cumulative FD tenor options include 12, 24, 36, 48, and 60 months. However, the FD rates are generally lower depending on the payout frequency you choose i.e., monthly, quarterly half-yearly or annually. 


The Shriram Finance Non-cumulative FD rates range from 7.53% p.a. to 8.60% p.a. with an additional 0.50% interest rate applicable for senior citizens. 

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Eligibility and Process of Opening a Shriram Finance FD Account

Following entities are eligible to open a Shriram Finance FD:

  • Individuals

  • NRIs

  • Hindu United Family (HUF)

  • Companies

  • Partnerships

  • Trusts and Foundations

  • Unincorporated associations

  • Body of Individuals

Process of Opening FD Account

There are several ways to open the Shriram Finance FD account via offline options, online banking, and mobile apps.

1. Through Online Banking:

You can open an FD account online by following the below-mentioned steps:

  • Visit the Shriram Finance's website

  • Select ‘Products’ from the ‘Menu’ section

  • Choose ‘Deposits’ under ‘Products’

  • Click on the ‘Fixed Deposits’ option

  • Select ‘Invest now’

  • Enter the necessary information along with details of the nominee

  • Complete the payment after providing maturity details

  • Accept the terms and conditions and then click on the ‘Submit’ option

2. Through MyShriram App:

You can also open a Shriram Finance FD account through MyShriram Mobile App:

  • Install the MyShriram app

  • Select ‘Fixed Deposits’ by clicking ‘Product’ and then ‘Deposits’

  • Enter all relevant information, such as nomination, payment, and maturity instructions

  • Confirm all details, agree to terms, and click ‘Submit’ to start the Shriram Finance FD account 


Alternatively, you can visit the nearest branch in case you face any challenges and wish to book the FD offline.

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Documentation Required for Opening an FD Account

In order to open a Shriram Finance FD, you may be required to keep the following documents handy. The documents required can change depending on whether you are booking the FD online or offline.

  • PAN Card or Form 60

  • Recent passport-size photographs

  • Copy of an official document with name and address, such as a passport, an Aadhaar card, a voter identification card, or an NREGA job card

  • Official declaration or a letter from the National Population Register for HUF 

  • Certificate of incorporation, memorandum and articles of association, proofs of identity and address for a company or business

  • Registration certificate and deed of partnership for partnership firms

Shriram Finance FD Interest Rates

The Shriram Finance FD interest rates applicable on cumulative FDs w.e.f. 24 October 2023 are as follows -

Tenor (months)

Regular citizens (p.a.)

Senior citizens (p.a.)

























Shriram Finance FD calculator

Before you invest in the Shriram Finance FD, you should plan and optimise your investment. The issuer makes this easy with the interactive and intuitive Shriram Finance Fixed Deposit Calculator. In just a few easy steps, you can forecast your earnings and even start your investment online. 


All you have to do is: 

  • Visit the STFC FD calculator page

  • Confirm if you are a senior citizen 

  • Confirm if you are a woman investor

  • Input the investment amount

  • Select the preferred tenor

  • Choose the appropriate interest payout option

On completing these steps, the maturity estimates along with the interest rate and effective yield will be displayed automatically. 


The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort.

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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FAQs on Shriram Finance FD

Yes. The STFC FD is rated FAAA/Stable by CRISIL, and MAA+ by ICRA. These ratings suggest good credibility and reliability. However, before investing check the details thoroughly.

The maximum tenor for an STFC FD is 5 years.

Yes, Shriram Transport Finance allows joint FD accounts.

No, you cannot transfer your STFC FD account.

The minimum tenure for a Shriram Finance FD is 12 months.

Yes, the Shriram Finance FD is one the safest FDs in the market, with an AA+ (Stable) rating by ICRA and an IND AA+/Stable rating by India Ratings and Research, which indicate high degree of safety and credibility. This means that you never have to worry about the safety of your funds when you save with Shriram Finance FD.

Yes, employees of Shriram Group Companies will receive an additional 0.15% interest rate over the applicable interest rates.

Yes, you can add nominees to your Shriram Finance FD account. 

Yes, you can open joint accounts with Shriram Finance Fixed Deposit.

No, the Shriram Finance FD is not transferable.

Yes, you may book a Shriram Finance Fixed Deposit account online.

Yes, the Shriram Finance FD interest rates for senior citizens are placed 0.50% over the applicable rates.

In order to get started with booking an FD with Shriram Finance, you’d need an identity proof and address proof. 

Individuals, partnership companies, companies, HUF, trusts and other such entities are eligible to book Shriram Finance fixed deposits.

No, a Shriram Finance FD is not insured.

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