Shriram Finance has revised its interest rates on fixed deposits. The new rates will come into effect from May 2, 2025.
The revised interest rates apply to fresh and renewed deposits up to ₹10 crore. Tenure options range from 12 months to 60 months.
The highest effective yield is 9.93% for a 60-month deposit.
Here are the updated cumulative rates and their effective yields:
| Tenure (Months) | Cumulative Rate (% p.a.) | Effective Yield (% p.a.) | Maturity Value (₹5,000) |
| 12 | 7.65% | 7.65% | ₹ 5,382 |
| 15 (Digital Only) | 7.90% | 7.98% | ₹ 5,498 |
| 18 | 7.80% | 7.95% | ₹ 5,595 |
| 24 | 7.90% | 8.21% | ₹ 5,821 |
| 36 | 8.40% | 9.12% | ₹ 6,368 |
| 50 | 8.40% | 9.58% | ₹ 6,996 |
| 60 | 8.40% | 9.93% | ₹ 7,482 |
(Source: Shriram Finance)
Senior citizens will continue to earn an additional 0.50% per annum on all tenures. Women depositors will receive an extra 0.10% per annum. Shriram Finance is also offering an additional 0.25% interest on renewals.
The company accepts deposits in multiples of ₹1,000, with a minimum amount of ₹5,000.
Shriram Finance’ fixed deposits carry “[ICRA]AA+ (Stable)” and “IND AA+/Stable” ratings, indicating high credit quality.
Shriram Finance is one of India’s largest retail asset financing NBFCs, with assets under management over ₹2.54 lakh crore.
Founded in 1979, it offers loans for commercial vehicles, MSMEs, tractors, gold, and more.
The company has 3,196 branches and serves over 94 lakh customers through a workforce of 79,000+ employees.
