Shriram Finance offers highly competitive FD rates, with returns of up to 8.10%. Women depositors can benefit from an additional 0.05% interest rate, enhancing their earnings even further. Booking a Shriram Finance FD is now easier than ever. 

Start investing today via Stable Money and take advantage of these attractive Shriram Finance FD rates! 

Term-Wise Shriram Finance FD Rates 

Shriram FD rates help you accumulate wealth in the short and medium term as follows:

• Short-term FD: Shriram Finance FD interest rates for 1 year help you achieve your short-term financial goals.
• Medium-term FD: Shriram Finance fixed deposit interest rates for more than 1 year and up to 3 years help you build a corpus for medium-term financial goals.
• Long-term FD: Shriram Finance deposit rates for tenures of 3 to 5 years provide a smart and reliable way to grow your wealth over the long haul and support your future goals. 

The example below will help you understand the interest receivable on Shriram Finance FDs:

Mr Y deposits ₹95,000 for 4 years and 2 months in Shriram Finance FD at 8.47% per annum (regular citizen). He will receive ₹1,35,011.67 on maturity including an interest of ₹40,011.67. 

Notably, Shriram Finance offers 0.10% higher interest rates to women depositors.

Benefits of Shriram Finance FD Rates

You can reap the following benefits from Shriram FD:

• Depositors can start an FD with an amount as low as ₹5,000 to avail high interest rates.
• Interest is compounded monthly.
• You can earn compounded interest at maturity, maximising your interest income.

Eligibility to Avail Shriram Finance FD Rates

Shriram Finance allows the following categories to open a fixed deposit:

• Individuals
• Corporations
• Trusts and Foundations
• Partnership Firms
• Unincorporated Associations
• Body of Individuals
• Hindu Undivided Families (HUF)

Documents Required to Avail Shriram Finance FD Rates

Eligible applicants need the following documents to book an FD with Shriram Finance:

• Pan Card or Form 60 
• Address Proof which is an Officially Valid Document (OVD)
• Latest Photographs

Entities like companies, partnerships, HUFs and others might require additional documents based on the requirements of the NBFC.

Book an FD with Shriram Finance, partnering with Stable Money, and enjoy up to 8.10% interest rate!

Premature Withdrawal of Shriram Finance FD

You can withdraw your FD for any purpose after 3 months of the lock-in period. However, for withdrawals between 3 months and 6 months, no interest is payable. For withdrawal after 6 months from the date of FD booking, a penalty of 2% applies to the effective interest rate.

Tax on Shriram Finance FD Interest

If the total interest income in a financial year exceeds ₹5,000, similar to all other NBFCs, Shriram Finance deducts a TDS of 10% (with PAN details provided). If PAN details are unavailable, a 20% TDS will be deducted.

Shriram Finance FD Types: Cumulative vs Non-Cumulative

Shriram Finance offers two primary options under its Shriram Finance fixed deposit schemes- Cumulative and Non-Cumulative. Both options offer competitive Shriram Finance FD rates and high credit safety ratings, making them suitable for different financial needs.

Cumulative Fixed Deposit

• How it works: Interest earned on your Shriram Finance fixed deposit is reinvested instead of being paid out. 
• Compounding: Interest compounds periodically, increasing total returns under Shriram Finance FD rates. 
• Payout: You receive the entire principal and accumulated interest at maturity. 
• Best for: Long-term investors aiming to maximise returns and build wealth through Shriram Finance FD rates. 

Non-Cumulative Fixed Deposit

• How it works: Interest earned on the Shriram Finance fixed deposit is paid out at regular intervals. 
• Payout Options: Monthly, quarterly, half-yearly, or yearly income options available. 
• Returns: Since interest is not reinvested, overall returns are lower compared to cumulative options under Shriram Finance FD rates. 
• Best for: Individuals seeking steady income such as retirees or salaried investors. 

Comparison at a Glance

Key Features of Shriram Finance FD

• Interest rates up to 8.10% under Shriram Finance FD rates 
• Additional 0.50% for senior citizens 
• Extra 0.05% for women investors 
• Tenure ranges from 12 to 60 months 
• Minimum investment starts at ₹5,000 under Shriram Finance fixed deposit 

Tax on Shriram Finance Fixed Deposit Interest

Interest earned on a Shriram Finance fixed deposit is fully taxable under “Income from Other Sources” as per your income tax slab.

TDS (Tax Deducted at Source)

• Threshold: ₹5,000 per year on interest earned from Shriram Finance FD rates 
• TDS Rate: 
• 10% (with PAN) 
• 20% (without PAN) 

How to Avoid TDS

• Submit Form 15G (below 60 years) 
• Submit Form 15H (senior citizens) 

Taxation Based on FD Type

• Non-Cumulative FD: Interest is taxed in the year it is received from your Shriram Finance fixed deposit 
• Cumulative FD: Interest is taxed annually on an accrual basis, even if received at maturity under Shriram Finance FD rates 

Tax Benefits for Senior Citizens

Deduction up to ₹50,000 under Section 80TTB on interest earned from Shriram Finance fixed deposit

Who Should Invest in Shriram Finance Fixed Deposit?

A Shriram Finance fixed deposit is suitable for investors looking for higher returns than traditional bank FDs while maintaining safety.

Senior Citizens & Retirees

• Earn higher returns with additional 0.50% under Shriram Finance FD rates 
• Ideal for regular income through non-cumulative Shriram Finance fixed deposit 

Women Investors

• Get additional 0.05% interest benefit 
• Suitable for goal-based savings using Shriram Finance fixed deposit 

Conservative Investors

• Ideal for those seeking stable returns with minimal risk 
• Helps balance portfolios alongside equity investments using Shriram Finance FD rates 

Small Investors & Beginners

• Start investing with just ₹5,000 in Shriram Finance fixed deposit 
• Flexible tenures make it suitable for first-time investors 

Existing Customers

• Renewal benefit of additional 0.15% on Shriram Finance FD rates 
• Helps maximise returns on reinvestment 

NRIs & Business Entities

• NRIs can invest via NRO accounts (offline mode) 
• HUFs, firms, and companies can invest in Shriram Finance fixed deposit for stable returns

Why Should You Choose Stable Money to Book Shriram Finance FD?

Stable Money allows you to book an FD without opening a new bank account. Our 24*7 customer support representatives assist you with FD opening processes and query resolution. You can book an FD from any location at any time directly with Shriram Finance using the Stable Money App. As a result, you do not have to visit the NBFC branches physically.