Key Insights

Shriram Finance offers the highest interest rate at 8.15% for senior citizen women on a 5-year deposit.
Shriram Finance offers flexible tenures. You can receive multiple interest payout options, including monthly, quarterly, semi-annual, and annual.
You can start your investment with ₹5,000 through both online and offline processes at Shriram Finance.

The Shriram Finance offers Fixed Deposits with a minimum amount of ₹5,000, ranging from short-term deposits of 12 months to term deposits of 60 months.

Shriam Finance offers various schemes that provide compounding interest, allowing you to earn interest on both the principal amount and the accumulated interest.

This blog provides an in-depth understanding of Shriram Finance FD Interest Rate, including its updated interest rates for 2025, key features, interest rate comparisons with other banks, and eligibility criteria.

Shriram Finance FD Interest Rates 2025

When you are up to date with the Shriram Finance Fixed Deposit interest rate, you can easily plan for your goals and future with Shriram Finance. Here is the list of Shriram Finance Fixed Deposit Interest Rates for 2025:

Tenure period of Fixed Deposit	Monthly FD Interest Rate	Quarterly Interest Rate	Half-Year's Interest Rate	Yearly Interest Rate
Starting with 12 months (Starting Tenure period)	6.79%	6.82%	6.88%	7%
15 Months	7.02%	7.06%	7.12%	7.25%
18-23 Months	6.93%	6.97%	7.03%	7.15%
24-35 Months	7.02%	7.06%	7.12%	7.25%
36 to 60 months (maximum tenure period )	7.35%	7.39%	7.46%	7.60%

This table shows the starting tenure and the maximum tenure period of Shriram Finance FD. Different tenure has different interest rates. For more information, click here.

Bonus Tip: Do you know? Shriram Finance paid an extra interest rate of 0.05% to women's deposits, 0.15% will be spent on all renewals, and 0.50% will be paid to senior citizens.

Types of Shriram Finance Fixed Deposit Schemes

The Shriram offers a variety of Fixed Deposit schemes for our customers; you can choose one according to preference. Here is the list of Shriram Finance's Fixed Deposit schemes and their corresponding interest rates:

Schemes

Tenure

Best Rate

Features

Documents

Senior Citizen Fixed Deposit

5 Year (60 Months)

8.1%

Higher Interest Rate

Flexible Tenure

Auto Renewal

ID Proof

Address Proof

PAN Card

Senior Citizen Women Fixed Deposit

5 Year (60 Months)

8.15%

Higher Interest Rate

Flexible Tenure

Auto Renewal

ID Proof

Address Proof

PAN Card

Fixed Deposit Scheme for NRIs:

Non-Resident Indians (NRIs) can invest in fixed deposit schemes offline to earn good returns on their foreign earnings. The maximum investment period is 3 years, and funds must be transferred from an NRO account.

Fixed Deposit Scheme for Retirement Fund:

Fixed deposit schemes offer attractive interest rates to help you build a strong retirement fund. Shriram Unnati Fixed Deposit gives an extra 0.15% per year when you renew your FD at maturity, making it a good way to save more for retirement.

Fixed Deposit Scheme for Wedding Expenses:

You can plan your dream wedding with less stress by saving through a fixed deposit scheme. Our special digital-only 15-month FD offers interest rates up to 7.80% per year, making it a great choice for your wedding savings.

These are the Shriram Finance schemes for Fixed Deposits, from which you can choose according to your financial situation.

Features and Benefits of Shriram Finance Bank FD

The Shriram Finance Fixed Deposit interest rate comes with exciting features that are highly beneficial for Shriram Finance customers. Here is the list of Features of Shriram Finance Fixed Deposit:

You can grow your savings with interest rates up to 8.15% per year.
If you are a senior citizen, you get an extra 0.50% interest each year.
Women depositors enjoy an extra 0.05% interest per year.
You can select investment periods ranging from 12 to 60 months.
You can also select how often you receive interest, monthly, quarterly, half-yearly, yearly, or at maturity.
Enjoy steady and reliable returns that help you reach your goals.

These Shriram Finance Fixed deposit features are focused on customers' needs and give you an edge on your investment.

Comparison of Shriram Finance FD Rates with Other Banks

How do we know that the Shriram Finance Fixed Deposit is Best for us? The answer is to compare the Shriram Finance Fixed Deposit interest rate with that of other banks. Here is the comparison of Shriram Finance Fixed Deposit with other banks:

Bank Name	Interest Rates (% p.a.)
Bank Name	Highest slab	1-year tenure	3-year tenure	5-year tenure
Indian Bank	6.70%	6.10%	6.40%	6%
Indian Overseas Bank	6.70%	6.60%	6.50%	6.20%
Punjab National Bank	6.60%	6.25%	6.40%	6.25%
Ujjivan Bank	7.55%	7.25%	7.25%	6.50%
Shriram Finance (Cumulative FD)	7.60%	7%	7.60%	7.60%
Shriram Finance (Non-Cumulative FD)	7.60%	7%	7.60%	7.60%

You can compare the Fixed Deposit interest rate with that of other banks and choose the best schemes according to your financial goals in Shriram Finance.

Eligibility Criteria & Required Documents for Shriram Finance Bank FD Interest Rates

If you want to open a Shriram Finance Fixed Deposit Account, you have to meet the eligibility criteria and provide some required documents. Here is the list of eligibility criteria for Shriram Finance Fixed Deposit:

Indian Resident
Hindu Undivided Families (HUFs)
Partnership Firms
Unincorporated Association or Body of Individuals
Public or Private Companies
Trusts and Foundations.

(Deposits are not considered eligible investments for charitable institutions registered under section 12A of the Income Tax Act.)

See if you qualify, collect the needed documents, and apply to begin earning steady returns with Shriram Finance FD.

Here is the list of documents for the Shriram Finance Fixed Deposit:

Driving License
PAN card
Aadhaar
Passport
Voter ID
Utility Bills
Rental Agreement
Property Deed

These eligibility and documentation requirements apply to the Shriram Finance Fixed Deposit.

How to Get Tax Exemptions on FD Interest?

To make sure no TDS is taken from your FD interest, your total income must be below the minimum taxable limit.

You also need to submit Form 15G or 15H to your bank before the deadline. These forms are declarations that let fixed deposit holders avoid TDS on their interest income for the year.

Senior citizens do not have to pay TDS on FD interest if their total interest income is less than 50,000 in a year. To get this benefit, they must be over 60 years old and have an active FD that offers senior citizen benefits.

Shriram Finance FD Premature Withdrawal & Closure Rules

You can withdraw your premature Shriram Finance FD, but specific rules must be followed to receive the amount in your account. Here are the Shriram Finance rules for premature withdrawals:

Collect all documents, such as ID proof, a deposit certificate, and photographs.
Next, go to your nearest bank branch or the branch where you opened your FD account.
Fill and submit the FD account closing form to the bank representative.
A bank representative will guide you through the process of closing your FD.
Once your FD is closed, the money will be transferred to your savings account.

These are the rules that help you obtain your premature FD withdrawal in your hands. You can click here to know more.

How to Invest in Shriram Finance Bank FD?

There are two methods of investing in Shriram Finance Bank FD: online through the website and offline, where you can visit the branch. Here is the online method:

Sign up with your mobile number, then select how much you want to invest, for how long, and how you’d like to receive your returns.
Enter your PAN details, finish the KYC process, and provide your depositor information along with any required declarations.
Make your payment online and add the details of your nominee.
Your fixed deposit is now booked. Download your certificate and start earning returns on your savings.

Follow the steps, pay securely online, and download your FD certificate to start earning returns.

Here is the offline method:

Visit the nearest branch.

Look for a Shriram Finance branch near your home or office. You can find branch locations easily on the official Shriram Finance website.

Get assistance

Go to the branch and speak with a customer service representative. They will help you through each step of opening your fixed deposit account.

Apply and pay the amount.

Please submit your completed and signed application form along with the documents recommended by the customer service representative.

Confirmation

After depositing in the Shriram Finance, open your fixed deposit account.

You can submit your application and grow your money through the Shriram Finance FD Interest Rate through the following methods.

Conclusion

Shriram Finance FD Interest Rate offers an attractive interest rate with flexible tenure, giving you an edge on your investment. You can choose the Shriram Finance FD Interest Rate tenure according to your preference.

Shriram Finance offers a range of schemes that provide guaranteed returns, helping you grow your investment continuously without fear of market fluctuations.

FAQs

What happens in the event of the death of a depositor?

If a depositor dies, the company will reimburse the deposit regardless of the lock-in period. The surviving depositor, nominee, or legal heir can receive the deposit by providing proof of death and the required documents.

Is it possible to open joint accounts with Shriram Transport Finance?

Yes, you can open a joint FD account with Shriram Transport Finance.

Can the FD account be transferred?

No, you cannot transfer an FD account opened with Shriram Transport Finance.

Is it possible to open an FD account online?

Yes, you can open an FD account online with Shriram Transport Finance.

Can I get a loan against the Shriram Finance FD?

Yes, Shriram Finance offers loans against FDs. The loan amount and interest rate depend on the rules set by Shriram Finance.

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