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Better Than Your Bank? Shriram Finance Rolls Out Attractive FD Rates: Earn Up to 8.40% Annually Starting May 2
A modification in interest rates on Fixed Deposits (FDs) across a range of maturity tenures has been announced by Shriram Finance Limited (SFL), the flagship firm of the Shriram Group. The revised rates will go into effect on May 2, 2025.
Senior citizens who are 60 years of age or older at the time of deposit or renewal are entitled to receive an additional 0.50% interest annually, and women investors can get an additional 0.10% interest annually. For all renewals, SFL will provide an additional interest rate of 0.25% annually. According to India Ratings and Research, the fixed deposits are rated "IND AA+/Stable" and "[ICRA]AA+ (Stable)" by ICRA. With a minimum of Rs. 5,000, deposits will be taken in multiples of Rs. 1,000.
Shriram Finance FD Rates
Shriram Finance will provide an interest rate of 7.90% for deposits maturing in 15 months (digital only) and 7.65% for deposits with a 12-month fixed deposit duration. An interest rate of 7.80% per year will be available from Shriram Finance for fixed deposits that mature in 18 months and 7.90% for term deposits that mature in 24 months. Fixed deposits maturing in 36 to 60 months at Shriram Finance will fetch an interest rate of 8.40% annually.
| INTEREST RATES ON FRESH DEPOSITS / RENEWALS UPTO RS. 10 CRORE (w.e.f. 2nd May 2025) | |||||||
|---|---|---|---|---|---|---|---|
| Non-Cumulative Deposit | Cumulative Deposit | ||||||
| Period (Months) | Monthly % p.a. | Quarterly % p.a. | Half Yearly % p.a. | Yearly % p.a. | Rate % (p.a. at Monthly rests) | Effective Yield % p.a. | Maturity Value for Rs 5,000/- |
| 12 | 7.39 | 7.44 | 7.51 | 7.65 | 7.39 | 7.65 | 5,382 |
| 15 (Digital Only) | 7.63 | 7.68 | 7.75 | 7.9 | 7.63 | 7.98 | 5,498 |
| 18 | 7.53 | 7.58 | 7.65 | 7.8 | 7.53 | 7.95 | 5,595 |
| 24 | 7.63 | 7.68 | 7.75 | 7.9 | 7.63 | 8.21 | 5,821 |
| 36 | 8.09 | 8.15 | 8.23 | 8.4 | 8.09 | 9.12 | 6,368 |
| 50 | 8.09 | 8.15 | 8.23 | 8.4 | 8.09 | 9.58 | 6,996 |
| 60 | 8.09 | 8.15 | 8.23 | 8.4 | 8.09 | 9.93 | 7,482 |
Shriram Finance News
"This has reference to our notice dated April 10, 2025 intimating about the date of the Board Meeting of the Company inter-alia to consider and take on record audited financial results (Standalone and Consolidated) of the Company for the quarter and financial year ended March 31, 2025. This is to further inform that the Company will hold Conference Call on Friday April 25, 2025 at 7 p.m. in which the management will comment on the financial results for the quarter and financial year ended March 31, 2025," said Shriram Finance in a stock exchange filing.
The main firm of the Shriram group, which is heavily involved in consumer finance, distribution, stock broking, life insurance, and general insurance, is Shriram Finance Limited. One of the largest retail asset financing non-banking finance companies (NBFC) in India is Shriram Finance Limited, which has assets under management (AUM) of more than Rs. 2.54 trillion. It has gained significant expertise in loan origination, collections, and the appraisal of used commercial vehicles and other assets during the past 45 years. Its network of 3,196 branches and 79,405 employees allows it to serve 94.36 lakh consumers throughout India.
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