Shriram Finance FD Rates in 2025

Shriram Finance Domestic Term Deposits: Non-Cumulative

*Interest rates are effective from 5 August 2025.

Shriram Finance Domestic Term Deposits: Cumulative Deposit

1. An additional interest of 0.50% p.a. will be paid to senior citizens (aged 60 years or older on the date of deposit or renewal).  

1.    An additional interest of 0.15% p.a. will be paid on all renewals where the deposit has matured.  

1. An additional interest of 0.05% p.a. will be paid to women depositors.  

*Shriram Finance Limited can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 5 August 2025

Features and Benefits of Shriram Finance Fixed Deposits

The main features and benefits of the FD schemes offered by Shriram Finance Limited are mentioned below: 

1. The tenure of the scheme ranges from 12 months to 60 months. 

1. Senior citizens are provided with an additional interest rate. 

1. The two different schemes that are available are Non-Cumulative Deposits and Cumulative Deposits. 

1. Auto-renewal facility is offered. 

1. In the case of auto-renewal, an additional interest rate is provided. 

1. High interest rates are offered. 

1. Flexible pay-outs are provided.

Eligibility Criteria

The below-mentioned individuals and entities can open an FD account with Shriram Finance:

1. NRIs
2. Trust
3. Foundation
4. Hindu Undivided Families (HUFs)
5. Partnership Firm
6. Company
7. Resident Individuals

Documents Required

NRIs

1. Proof of address such as driving license or Voter ID, EB Bill Card, local property papers, or passbook, or bank statement in India and abroad
2. PAN Card
3. PIO Card to show Indian Origin
4. Employment letter from abroad
5. Passport along with a valid visa
6. DTAA declaration
7. NRI undertaking

Trusts and Foundations

1. Proof of address
2. Proof of identity
3. PAN Card
4. Trust deed
5. Registration certificate

Partnership Firm

1. Proof of address
2. Proof of identity
3. PAN (of partnership firm)
4. Partnership deed
5. Registration certificate

Company

1. Proof of address
2. Proof of identity
3. PAN (of company)
4. A resolution given by the Board of Directors
5. Power of Attorney given by employees, officers, or manages to complete transactions
6. Memorandum and Articles of Association
7. Certificate of Incorporation

Resident Individuals

1. Proof of address and identity such as Aadhaar Card, Voter ID, Driving License, or Passport.
   
   

How To Invest in Shriram Finance FD? 

You can make investment in Shriram Finance Transport FD through different ways such as mobile app, internet banking, and offline. 

Internet Banking 

Given below are the steps through which you can open a Shriram Transport Finance FD through internet banking: 

1. Visit the official website of Shriram Finance. 
2. Go to the ‘Product’ section and choose ‘Deposits’. 
3. Next, click on the ‘Fixed Deposits’ option. 
4. You will be redirected to the fixed deposit page. 
5. Click on the ‘Invest Now’ button. 
6. Now, enter your complete information along with the details of your nominee. 
7. Provide the payment as well as the maturity details and make the FD payment. 
8. Accept all the terms and conditions and click on ‘Submit’ to open your FD account. 

Mobile App - MyShriram App 

Given below are the steps to open a Shriram Transport Finance FD account through MyShriram App: 

1. Open the MyShriram App. 
2. Go to the ‘Products’ section and click on ‘Deposits’. 
3. Next, you need to select ‘Fixed Deposits’ option. 
4. Now, enter all your details along with the information of your nominee. 
5. Verify your details once again and accept the terms and conditions. 
6. Finally, click on the ‘Submit’ button to open Shriram Finance FD account. 
   

Shriram Finance FD Opening - Offline Method

In order to open a Shriram Finance FD, you need to visit your nearest Shriram Finance branch, fill the offline application form with all your details, and enclose the required documents. Once you have submitted your application form, the branch officials will verify your details and will provide an FD receipt. 

Tax on Shriram Finance Fixed Deposits 

Shriram Finance Fixed Deposit holders will have to pay Tax Deducted at Source (TDS). If the interest income is more than Rs.5,000 in a financial year, 10% TDS will be deducted. In case the PAN is not submitted, 20% TDS will be levied. 

If an annual income of investors reduces below the minimum income tax slab, he or she can submit Form 15G/ 15H so that the company does not deduct TDS. 

Loan Against Shriram Finance FD 

Shriram Finance offers loans against FDs. The loan as well as the rate of interest for the loan is based on the rules decided by the Shriram Finance. 

Premature Closure of Shriram Finance FD 

Shriram Finance allows premature withdrawal of FD. It is to be noted that, Shriram Finance will not pay to the deposit if it is prematurely closed after three months and before six months from the date of fixed deposit account opening. The account holders will get interest rate of 2% lower than the fixed deposit rate in case it is closed prematurely after six months of fixed deposit account opening but before the maturity period. 

Shriram Finance FD Calculator 

The calculator is user-friendly because to its simple UI. It only requests two things: the investor's desired investment amount and the duration of the investment. It computes and displays both the cumulative and non-cumulative interest returns as soon as the numbers are entered. 

To use this tool, you need to visit the official website of Shriram Finance. Go the drop down menu of the ‘Calculators’ section to access the tool. The calculator is user-friendly because to its simple UI. It only requests two things: the investor's desired investment amount and the duration of the investment. It computes and displays both the cumulative and non-cumulative interest returns as soon as the numbers are entered.