Shriram Transport FD Interest Rates - Types & Schemes in 2025

Shriram Transport Finance Company Ltd. is one of India's biggest retail Non-Banking Financial Corporations (NBFC). The financial institution offers financing for commercial vehicles, cars and two-wheelers and home loans, gold loans, personal loans and small business loans. The bank focuses its values towards serving people first and achieving operational efficiency.

Shriram Transport Finance also provides customers with fixed deposit schemes with competitive interest rates. You can get attractive Shriram Finance FD rates of up to 9.10%, with special additional rates for women as well as senior citizens.

Let us continue to explore the different aspects of a fixed deposit account with Shriram Transport Finance.

Shriram Transport FD Interest Rates 2025

Features and Benefits of Shriram Transport FD  2025

Lakhs of customers trust Shriram Transport Finance as a safe NBFC for investing their hard-earned money. You need to know all the features and benefits you get when investing your money in a fixed deposit scheme of this NBFC. Here are some of the important benefits:

• ICRA has rated Shriram Transport as “[ICRA] AA + (Stable)”, while India Ratings and Research has rated it “IND AA+/ Stable”. 
• Shriram Finance offers a flexible tenure option for your fixed deposit investment ranging from 12 months to 5 years. 
• Shriram Finance FD rates start from 7.36% p.a. and go up to 9.10% p.a. 
• Senior citizens get an additional rate of 0.50% p.a., and women depositors get a 0.10% p.a. additional interest rate.
• You can earn compound interest on the money you invested in the FD scheme. 
• The organisation offers auto-renewal and auto-refund options on your fixed deposit account.

How to Book Shriram Transport Finance FD?

Booking your fixed deposit account with Shriram Transport involves a few easy steps. Follow these below-mentioned steps to open an FD account online.

• Step 1: Open the official website of Shriram Transport Finance and register with the NBFC using your registered mobile number.
• Step 2: Enter your PAN card details and the amount you want to invest.
• Step 3: Put in the choice of tenure for the FD, enter your bank details and complete the KYC. Next, pay the amount you want to invest.
• Step 4: After verification of your details, you will receive a fixed deposit receipt notifying the successful completion of account opening.

Documents Required to Book Shriram Transport FD 2025

You must submit the documents while applying for a fixed deposit account with Shriram Transport Finance.

• PAN Card or Form 60 (as per Income Tax Act, 1962)
• Passport-sized photograph of the depositor
• PAN Card 
• Bank account details – account number, IFSC code, and branch name. 
• Identity proof - Passport, Voter ID card, Driving licence, Aadhaar card
• Address proof - Job card issued by NREGA and signed by a state government officer, Letter issued by National Population Register
• Age proof - Birth certificate, Voter ID card, School passing certificate

Eligibility to Open Shriram Transport FD

A few eligibility criteria must be fulfilled to apply for a Shriram Transport Finance FD account. Only the following entities may apply:

• Applicant type: Resident individuals, Companies, Partnership firms, HUFs (Hindu Undivided Families), Unincorporated Associations or Bodies of Individuals, Trusts and foundations, Non-Resident Indians (NRIs, for a maximum tenure of 5 years).
• Age (in case of individual applicants): Must be 18 years or older.

Types of Shriram Transport Finance FD Schemes

Shriram Transport Finance offers two different types of fixed deposit schemes for investors to choose from. Let us dive further to get a detailed understanding of the two FD schemes provided by this NBFC.

1. Non-Cumulative Fixed Deposit Scheme

In this FD scheme, your interest is not accrued over the tenure of investment but distributed on a regular basis. The payout in this plan is monthly, quarterly, half-yearly or annually. Shriram Tranpsort's non-cumulative FD scheme does not allow any premature withdrawal of the deposit before 3 months. After that, a penalty of 2% is charged on the applicable interest rate.

• Minimum Amount: ₹5000
• Maximum Amount: ₹10 crores
• Tenure: 12 months to 60 months
• Interest Rate: 7.34% - 8.18% (monthly payout); Senior citizens and women depositors get 0.50% and 0.10% additional interest, respectively.
• Eligibility: Indian residents and NRIs (only up to 3 years)

*Note: The interest rate changes as per the payout frequency.

2. Cumulative Fixed Deposit Scheme

This is an FD scheme of Shriram Transport Finance where the interest is accumulated till the maturity period or reinvested back into the FD again. All the interest earned adds to the principal amount, which increases your total returns earned at the end of maturity. 

• Minimum Amount: ₹5000
• Maximum Amount: ₹10 crores
• Tenure: 12 months to 60 months
• Interest Rate: 7.34% - 8.18% p.a. (monthly payout); Senior citizens and women depositors get 0.50% and 0.10% p.a. additional interest, respectively.
• Eligibility: Indian residents and NRIs (only up to 3 years)

Investing your hard-earned money in a low-risk and reliable investment option is important to save and grow your money to fulfil future goals. Whenever you plan to open an FD account, you must thoroughly read the offers and terms offered by the organisation. Moreover, Shriram Finance FD rates are attractive and competitive in the investment market, making the organisation a suitable choice for you to book your fixed deposit account.