Shriram Finance is India’s largest retail Non-banking Finance Company (NBFC). It offers different fixed deposits, which allow you to earn assured returns. Designed for low-risk profile investors, these deposits enable you to meet your specific goals.

Additionally, the Shriram Finance FD rates are competitive and help you grow your savings. This along with the simplicity of investing makes them an appealing option if you prioritise consistent income.

Interest Rates on Cumulative Fixed Deposits

PNB Housing Finance cumulative FDs offer the benefit of compounded interest, where the interest earned is added to the principal amount. This compounding effect results in higher returns by the time the deposit matures.

Check out the Shriram Finance FD interest rates for this FD in the table below-

Tenor (in Months)	Interest Rates (p.a.)
12	7.59%
15	7.87%
18	7.73%
24	7.87%
30	8.05%
36	8.38%
42	8.42%
50 (Jubilee)	8.47%
60	8.47%

Disclaimer: The interest rates provided may change depending on the company’s policies. The rates listed here are for regular citizens aged below 60 years

Interest Rates on Non-cumulative Fixed Deposits

These types of FDs offer a reliable source of regular income. Unlike their cumulative counterparts, non-cumulative FDs distribute the interest earned at fixed intervals. These can be monthly, quarterly, half-yearly, or annually.

Check out the Shriram Finance FD interest rates if you decide to invest in these types of fixed deposits-

Tenor (in Months)	Interest Rates for Monthly Payouts (p.a.)	Interest Rates for Quarterly Payouts (p.a.)	Interest Rates for Semi-Annual Payouts (p.a.)	Interest Rates for Yearly Payouts (p.a.)
12	7.59%	7.63%	7.71%	7.85%
15	7.87%	7.92%	8.00%	8.15%
18	7.73%	7.77%	7.85%	8.00%
24	7.87%	7.92%	8.00%	8.15%
30	8.05%	8.10%	8.18%	8.35%
36	8.38%	8.43%	8.52%	8.70%
42	8.42%	8.47%	8.56%	8.75%
50 (Jubilee)	8.47%	8.52%	8.62%	8.80%
60	8.47%	8.52%	8.62%	8.80%

Disclaimer: The interest rates provided may change depending on the company’s policies. The rates listed here are for regular citizens.

Higher Interest for Certain Category of Investors

Shriram Finance provides added interest rates for the following types of investors- 

• Senior citizens receive up to 0.50% p.a. above the regular rates offered to non-senior citizens.
• Investors who renew their deposits are eligible for an additional 0.25% p.a.
• Women investors are entitled to an extra 0.10% p.a. from Shriram Finance.

Benefits of Investing in Shriram Finance Fixed Deposits

These FDs can be an ideal investment choice for you if you seek a balance of safety and returns. You can enjoy the following advantages by investing in a Shriram Finance FD –

• High Interest Rates : The NBFC offers interest rates of up to 9.40%, ensuring your money earns maximum returns. 
• Secure Investment : ICRA has rated fixed deposits from Shriram Finance as AA+/Stable, meaning it is a safe and reliable investment option.
• Flexible Tenor : Choose from a variety of investment tenors extending up to 5 years to meet your financial goals.
• Guaranteed Returns : Enjoy the assurance of fixed returns at the end of the investment term without any impact of market fluctuations.
• Compounding Benefits : Opt for a cumulative fixed deposit to let your earnings grow more through the power of compounding.

Eligibility and Documents Required to Invest in Shriram Finance FD

Understanding the prerequisites for this FD investment is essential if you are planning to invest. The following entities can apply for a Shriram Finance FD-

• Resident Indian individual
• Hindu Undivided Family (HUF)
• Partnership firms, companies, trusts, or foundations 
• Non-resident Individuals (NRIs)
• Unincorporated association or body of individuals
• Minors represented by their parent or guardian

Check out the list of documents you need to furnish when applying for this fixed deposit-

• Photographs
• PAN Card or Form 60
• Passport, Driving License, Voter ID, NREGA job card, Aadhaar Card, or a letter issued by the National Population Register

You will have to submit the following if you do not have income or address proof as per the above-mentioned Officially Valid Documents (OVDs)-

• Property or Municipal Tax receipt
• Pension payment orders
• Letter of allotment of accommodation from employer issued by State or Central Government
• Documents issued by government departments of foreign jurisdictions 
• Letters issued by the Foreign Embassy or Mission in India
• Latest utility bill, which is not more than two months old 

Shriram Finance FD rates present an attractive investment opportunity for you to grow your savings. By understanding the various FD schemes, tenors, and interest rates, you can make informed choices.

The substantial returns can contribute to your long-term financial goals. They can also help you diversify risk in your investment portfolio. But remember to compare FD rates from other investment options with their offerings to make a well-informed decision.