Interest for 3 years
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|11 months 30 days - 11 months 30 days||7.34%||7.84%|
|1 year - 1 year 5 months 28 days||7.48%||7.98%|
|1 year 5 months 29 days - 1 year 11 months 30 days||7.76%||8.26%|
|2 years - 2 years 5 months 28 days||7.9%||8.4%|
|2 years 5 months 29 days - 2 years 11 months 30 days||7.95%||8.45%|
|3 years - 3 years 5 months 29 days||8%||8.5%|
|3 years 6 months - 4 years 11 months 29 days||8.18%||8.68%|
Note: All interest rates shown above are as on 4th May 2023
Shriram Finance Limited was incorporated in 1986 and has its headquarters in Chennai. In November 2022, Shriram Group’s entities – Shriram Capital Limited, Shriram City Union Finance Limited and Shriram Transport Finance Company Limited merged to form Shriram Finance Limited. Shriram Finance offers home loans, car loans, two-wheeler loans, credit solutions for commercial vehicles, gold loans, and personal and small business loans. As of December 2022, Shriram Finance has 2,901 branches across India. The total AUM as of December 2022 stood at INR 1.77 lac crores. Shriram Finance’s Fixed Deposits have an AA+ (Stable) Credit Rating.
7.34% - 8.18%
7.84% - 8.68%
FD Rate for Seniors
₹ 5 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7.95%||For 5 years with interest of 8.18%|
|₹ 50,000||₹ 63,417||₹ 75,161|
|₹ 1 lakh||₹ 1,26,835||₹ 1,50,322|
|₹ 2 lakh||₹ 2,53,669||₹ 3,00,645|
|₹ 5 lakh||₹ 6,34,173||₹ 7,51,612|
|₹ 10 lakh||₹ 12,68,346||₹ 15,03,224|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,07,592||₹ 1,07,763|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹7,592||₹ 7,763|
|Bank Name||FD Interest Rates|
|DBS Bank FD||7.5% - 8%|
|Jammu And Kashmir Grameen Bank FD||6.5% - 7%|
|Central Bank of India FD||6.25% - 6.75%|
|IDBI Bank FD||6.5% - 7%|
|Madhyanchal Gramin Bank FD||5.3% - 5.8%|
|Mizoram Rural Bank FD||6.5% - 6.5%|
|Axis Bank FD||7% - 7.75%|
|Bangiya Gramin Vikash Bank FD||6.25% - 6.75%|
|Bandhan Bank FD||7.25% - 7.75%|
|LIC Housing Finance FD||7.75% - 8%|
The flexible & tax efficient alternative to FDs.
Shriram Transport Finance Company Ltd. (STFC) is a commercial vehicle finance company. It is also an NBFC that offers savings products like FDs. Shriram Finance FDs are rated FAAA and MAA+ by CRISIL and ICRA, respectively. This article covers Shriram Finance FD, its types and interest rates in detail.
Shriram Finance offers two types of FD schemes, namely cumulative and non-cumulative. Following are the features of each of these schemes.
Following is the eligibility criteria for opening a fixed deposit account with Shriram Finance:
One can open a Shriram Finance FD account through various modes such as internet banking, mobile app and offline.
The following steps will help an individual to open a Shriram Finance FD account through internet banking:
To open a Shriram Finance FD, visit the nearest Shriram Finance branch, fill in the FD application form with all the necessary details, and submit all necessary documents. Upon successful opening of the FD account, Shriram Finance will provide an FD receipt.
Following are the documents that one requires to open an FD account with Shriram Finance:
What is the highest Shriram Finance FD rate today?
What is the highest interest rate on Shriram Finance 1 year FD scheme?
What is Shriram Finance FD scheme interest rate for 5 years?
How many years FD will double in Shriram Finance?
What is Shriram Finance FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in Shriram Finance?
What are the available FD tenures in Shriram Finance?
What is Shriram Finance FD ROI for 10 lakh deposit for 1 year?
The interest from the Shriram Finance FD calculator for 10 lakh deposit for 1 year will be INR 75,920. The maturity value will be INR 10,75,920. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in Shriram Finance?
How many FDs can be opened in Shriram Finance?