Shriram Finance has announced an increase in fixed deposit (FD) interest rates, with the revised rates set to take effect from October 11, 2026. The company has raised interest rates across different deposit tenures by 0.15 percentage points to 0.40 percentage points. The revised rates will apply to deposits of up to Rs 10 crore.
The revised interest rates will cover Shriram Finance fixed deposit schemes across different tenures, ranging from short-term to long-term deposits. The annual interest rate for FDs with tenures of 36 to 60 months has been increased to 7.85%.
The interest rate on the 15-month digital FD has also been raised from 7.10% to 7.50%. Customers investing through the digital FD facility will therefore be eligible for the revised rate, subject to the applicable terms and conditions.
Shriram Finance will continue to offer additional interest to eligible senior citizen investors aged 60 years and above. They can receive interest at 0.50 percentage points, or 50 basis points, above the applicable standard rate.
For example, if the standard annual interest rate on an FD is 7.85% and the additional interest of 0.50 percentage points applies, the effective annual rate for an eligible senior citizen would be 8.35%. The benefit is subject to the eligibility criteria and terms of the relevant deposit scheme.
Eligible women investors can receive an additional 0.05 percentage points, or five basis points, over the applicable interest rate.
Customers renewing matured FDs may also qualify for additional interest of 0.15 percentage points, or 15 basis points. The availability of these benefits is subject to the company's applicable terms and conditions.
Before investing, customers should review the applicable interest rate for their chosen tenure, available interest payment options and other deposit conditions. They should also assess the company's financial position, deposit security, premature withdrawal rules, interest payment frequency and maturity provisions.
Fixed deposits offer a predetermined interest rate for a specified tenure. However, deposits offered by non-banking financial companies (NBFCs) do not automatically receive the same deposit insurance protection provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for eligible bank deposits. Investors should therefore understand the security arrangements and regulatory status of the relevant deposit scheme before investing.
