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Shriram Finance Trims Fixed Deposit (FD) Rates Across Tenures Up to 40 Bps Ahead of RBI Policy Outcome
The flagship company of the Shriram Group, Shriram Finance Limited (SFL), has announced a reduction in interest rates on fixed deposits (FDs) for a range of maturity periods. The NBFC made the decision to put into effect the updated rates on August 5, 2025, in advance of the Reserve Bank of India's Monetary Policy Committee (MPC) decision, which is scheduled to be made public on August 6.
Shriram Finance Latest FD Rates
Shriram Finance has reduced its fixed deposit interest rates by 25-40 basis points (bps) for a variety of tenures as of August 5, 2025. The interest rate on 12-month tenure has been cut by 35 bps from 7.35% to 7.00%, while the 15-month (Digital Only) and 24-35 month tenures have both seen a 25 bps reduction to 7.25%.
In a similar vein, the interest rate for deposits with terms of 18 to 23 months has been reduced by 25 basis points to 7.15%. The most dramatic drop occurs in fixed deposits with a 36-60 month tenure, which now offer 7.60%, down 40 basis points from 8.00%. A general downward adjustment in deposit rates for short- to medium-term tenures can be seen in these revisions.
An additional interest rate of 0.50% per annum is available to eligible senior citizens who are 60 years of age or older at the time of deposit or renewal. An additional 0.05% per annum will be given to women depositors, whereas renewals of matured deposits will attract an additional 0.15% annum.
| Existing Tenor | Revised Tenor | Existing rates p.a. | Revised rates p.a. |
|---|---|---|---|
| 12 months | 12 months | 7.35 % | 7.00 % |
| 15 months (Digital Only) | 15 months (Digital Only) | 7.50 % | 7.25 % |
| 18 months | 18 months - 23 months | 7.40 % | 7.15 % |
| 24 months | 24 months - 35 months | 7.50 % | 7.25 % |
| 36 months | 36 months - 60 months | 8.00 % | 7.60 % |
Shriram Finance Fixed Investment Plan (FIP) Interest Rates
The Fixed Investment Plan (FIP) interest rates are also revised effective August 5, 2025 as per Shriram Finance.
| Tenor | Existing rates p.a. | Revised rates p.a. |
|---|---|---|
| 12 - 23 months | 7.35 % | 7.00 % |
| 24 - 35 months | 7.50 % | 7.25 % |
| 36 - 48 months | 8.00 % | 7.60 % |
According to India Ratings and Research, Shriram Finance fixed deposits are rated "IND AA+/Stable" and "[ICRA]AA+ (Stable)" by ICRA. With a minimum of Rs. 5,000, deposits can be done or made in multiples of Rs. 1,000.
With assets under management (AUM) exceeding Rs. 2.72 trillion, Shriram Finance Limited is one of the largest retail asset financing Non-Banking Finance Companies (NBFC) in India. Founded in 1979, Shriram Finance serves small business owners and small road transport operators. It is a pioneer in the organized financing of used two-wheelers and commercial vehicles. It provides financing for a variety of products, including working capital loans, personal loans, gold, tractors and farm equipment, passenger commercial vehicles, and loans to micro, small, and medium-sized businesses (MSMEs). The company serves 97.1 lakh customers in India with a network of 3,225 branches and 79,186 employees.
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