Shriram Finance reduces interest rates on Fixed Deposits by as much as 0.40 percentage points
Shriram Finance Limited, a renowned financial institution, has announced a revision of its Fixed Deposit (FD) interest rates effective from August 5, 2025. The changes come with a range of reductions, with the most significant cut of 40 basis points applied to the 36-60 month tenure 135.
The new interest rates for various maturity tenures are as follows:
- 12 months: 7.00%
- 15 months (Digital Only): 7.25%
- 18-23 months: 7.15%
- 24-35 months: 7.25%
- 36-60 months: 7.60%
In addition to these revised rates, Shriram Finance Limited offers several benefits to its depositors. Senior citizens (aged 60 years or above at deposit or renewal) receive an extra 0.50% p.a. interest, while women depositors get an additional 0.05% p.a. 135.
Moreover, renewals of matured deposits attract an extra 0.15% p.a., and for deposits above ₹10 crore, customized rates may apply, subject to RBI guidelines 135.
The minimum investment amount is ₹5,000, and deposits are generally accepted in multiples of ₹1,000. The fixed deposits carry strong credit ratings of [ICRA]AA+ (Stable) and IND AA+/Stable, indicating high safety 135.
It's important to note that the highest interest rate offered by Shriram Finance Limited is now 7.60% on FDs with a tenor of three to five years, down from the previous highest rate of 8% for a three-year tenor 135.
These changes apply both to fresh deposits and renewals effective from August 5, 2025. The additional benefits (senior citizen, women, renewals) are added on top of the base rates mentioned 135.
- Shriram Finance Limited revised its Fixed Deposit (FD) interest rates, with a significant cut of 40 basis points applied to the 36-60 month tenure.
- Senior citizens and women depositors at Shriram Finance Limited can enjoy extra interest rates on their deposits, with senior citizens receiving an additional 0.50% p.a. and women depositors an extra 0.05% p.a.
- In addition to the base rates, deposits above ₹10 crore at Shriram Finance Limited may attract customized rates, subject to RBI guidelines.
- The minimum investment amount at Shriram Finance Limited for FDs is ₹5,000, and deposits are accepted in multiples of ₹1,000.
- A subscription to Shriram Finance Limited's Fixed Deposits offers strong credit ratings, with ratings of [ICRA]AA+ (Stable) and IND AA+/Stable, indicating high safety.
