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Shriram Finance Boosts FD Rates!
9 Oct
Summary
- Interest rates on fixed deposits have been raised by Shriram Finance.
- New rates are effective from October 11, 2026, for various tenures.
- Senior citizens and women depositors receive additional interest benefits.
Effective October 11, 2026, Shriram Finance is implementing revised interest rates on its fixed deposits, aiming to provide enhanced returns for investors. The company's announcement on October 9 detailed these significant rate revisions across a spectrum of maturity periods.
For standard fixed deposits up to ₹10 crore, interest rates have seen a notable upward revision. For instance, 12-month deposits will now yield 7% annually, a rise from the previous 6.85%. Longer tenures, such as 36-60 months, will now offer 7.85% per annum, an increase from 7.5%.
Specific benefits continue for certain depositor categories. Senior citizens aged 60 and above are eligible for an additional 0.50% per annum. Additionally, women depositors will receive a 0.05% bonus, and those renewing matured deposits will get a 0.15% uplift.
Shriram Finance has also updated rates under its Fixed Investment Plan (FIP). Tenures between 12-23 months will now offer 7%, an increase from 6.85%, while 24-35 months will fetch 7.5%, up from 7.1%. The FIP also offers the 0.05% bonus for women depositors.
These fixed deposits are distinguished by high credit ratings, including AAA ratings with stable outlooks from major agencies like CRISIL and ICRA, underscoring their financial stability and reliability.
