The investors in quest of ordinary and high yield investment options should wake up. Shriram Finance is going to revise its fixed deposit (FD) interest rates. The dates for this change are happening from May 2, 2025. The new rates will apply to fresh FDs as well as those renewed; the investment limits extend to ₹10 crore.
The highest effective yield under the revised scheme is 9.93% offered on the 60-month FD tenure. For example, if one invests ₹5000 in this FD, the maturity amount after five years would be ₹7482, thus making very big money with very little money growing into maturity.
Shriram Finance FD Interest Rates – Key Highlights
Here’s a breakdown of the latest FD interest rates for different tenures:
- 15-month Digital FD: 7.90% interest rate (Effective Yield: 7.98%)
- 18-month FD: 7.80% interest rate (Effective Yield: 7.95%)
- 24-month FD: 7.90% interest rate (Effective Yield: 8.21%)
- 36-month FD: 8.40% interest rate (Effective Yield: 9.12%)
- 50-month FD: 8.40% interest rate (Effective Yield: 9.58%)
A special benefit program for elderly citizens and women
For senior citizens, a further interest of 0.5% will be added across all tenures making these FDs even more attractive and important to the retiree looking for earners from safe investments. In addition, women investors will have an additional 0.10% interest to further their participation in financial planning.
An additional interest of 0.25% is provided by Shriram Finance for renewing their FDs, thereby rewarding loyal customers with better returns.
Investment Flexibility & Safety
- Minimum investment: ₹5,000 (with further deposits in increments of ₹1,000)
- Credit ratings: Shriram Finance FDs are rated ICRA AA+ (Stable) and IND AA+/Stable, indicating a lower risk rating of these FDs and, above all, higher reliability for investors.
Why Go with Shriram Finance FDs?
One of India’s leading retail asset financing institutions, Shriram Finance, has assets of over ₹2.54 lakh crore. The company is backed by a vast network of 3,196 branches and has been in the business for over 30 years, serving more than 94 lakh customers through a 79,000+ strong workforce.
The latest FD rates from Shriram Finance are an attractive investment proposition for investors who crave something safe and stable for their funds in the current unpredictable market. High returns with guaranteed safety from these FDs can be expected in the case of both short and long-term objectives.
If you are thinking of parking your funds in a safe fixed deposit, now is the time to ponder placing funds with Shriram Finance before the new rates will come into effect on May 2, 2025.