Shriram Finance Latest Interest Rates On FDs Effective From Today; Check Rates Here

Leading Non-Banking Finance Company (NBFC) Shriram Finance alters the fixed deposit rates on both cumulative and non-cumulative options. According to Shriram Finance, the new interest rates on Fixed Deposits are effective from 15th April 2023.

Recently, Shriram Finance introduced a special "50 (Jubilee)'' Deposit tenure to mark its golden jubilee. Under this FD tenure, it offers 50 Months of special tenure for its customers with interest rates of up to 8.50% p.a. (Yearly)

Under Cumulative & Non-Cumulative deposit options, Shriram Finance offers FDs for the tenure of 12 months to 50 months with interest rates ranging from 7.60% p.a. to 8.50% p.a. (Yearly). It offers 3 FD options under the Non-Cumulative deposit scheme, which are Monthly, Quarterly, Half Yearly and Yearly interest rates for interest payments. Whereas, under the cumulative option, it offers interest rates ranging from 7.34% p.a. to 8.18% p.a. (at monthly rates).

Additional interest rates are offered on FDs and deposits by Shriram Finance. Customers can receive up to 9.10% interest on FDs with the additional interest rates. It offers senior citizens over 60 years of age an additional 0.50% interest p.a. Whereas, women depositors are given an additional 0.10% p.a. In cases when the deposit has matured, it also provides an additional 0.25% interest p.a. on all renewals.

Interest Rates-On Fixed Deposits effective from April 15, 2023

Cumulative Deposits

Period (Months)	Rates % (p.a. at monthly rates)	Effective Yield % p.a.
12	7.34	7.6
18	7.48	7.9
24	7.76	8.37
30	7.9	8.71
36	7.95	8.95
42	8	9.21
50 (Jubilee)	8.18	9.71
60	8.18	10.07

Non-Cumulative Deposits

Period (Months)	Monthly % p.a.	Quaretrly % p.a.	Half-Yearly % p.a.	Yearly % p.a.
12	7.34	7.39	7.46	7.6
18	7.48	7.53	7.6	7.75
24	7.76	7.82	7.89	8.05
30	7.9	7.96	8.04	8.2
36	7.95	8.01	8.09	8.25
42	8	8.06	8.14	8.3
50 (Jubilee)	8.18	8.24	8.33	8.5
60	8.18	8.24	8.33	8.5

Source - Shriramfinance.in