Fixed Deposit: Earn Up to 8.05%* p.a. with Shriram FD
Enjoy the stability of guaranteed returns, flexible tenures (12 to 60 months), and a 100% digital investment experience.
- Research-Led
- 25+ Years of Trust
- SEBI-Registered
Highest Safety
FAAA / MAA+ Rated
Guaranteed Returns
Up to 8.05%* p.a.
Senior Citizen Benefit
Additional 0.50%* p.a.
Open FD Online
100% Digital Process
Fixed Deposits: Secure Savings, Steady Returns
Earn competitive interest rates with Shriram Fixed Deposit, along with flexible tenure options and multiple payout choices. Whether you're building a steady income stream or saving for future milestones, Shriram Fixed Deposit combines attractive returns, safety, and a hassle-free online investment journey to help you grow your wealth effortlessly.
Example
Suppose you invest ₹1,00,000 in an FD at 8.05% per annum for 3 years under the cumulative scheme. Interest is compounded monthly and added to your principal.
At the end of 3 years, your investment will grow, providing higher returns than a standard savings account.
FD vs Savings Account Vs Recurring Deposit - Key Differences
A Fixed Deposit offers higher, locked-in returns compared to a savings account, while a Recurring Deposit suits investors who prefer saving in monthly instalments. Here is a side-by-side comparison:
Feature
Fixed Deposit (FD)
Savings Account
Recurring Deposit (RD)
Investment Type
One-time lump-sum
Flexible deposits
Monthly instalments
Interest Rate
Fixed (locked in)
Variable (changes with policy)
Fixed (per deposit)
Typical Returns
6.5–8.1% p.a.
2.5–4% p.a.
5.5–7.5% p.a.
Liquidity
Low (premature exit penalty)
High (withdraw anytime)
Low (premature exit penalty)
Best For
Lump-sum growth / income
Everyday spending
Regular monthly savings
How Fixed Deposits Work?
Opening a fixed deposit with Shriram Finance is an easy 5-step process - from choosing your investment to receiving your maturity amount in your bank account:
Investment Amount
Invest from ₹5,000 with no upper investment limit.
Select Your Tenure
Choose a tenure from 12 to 60 months for your FD.
Choose Scheme Type
Pick cumulative or non-cumulative interest payout.
Complete KYC
Submit KYC and book your FD online in minutes.
Receive Maturity
Get principal and interest on maturity or auto-renew.
Fixed Deposit Calculator
Estimate your maturity amount and interest earned in seconds. Move the sliders or enter your own numbers directly and the results will update in real time.
Types of Fixed Deposits in India
Depending on your financial goal - whether it's growing wealth, generating monthly income, saving on taxes, or planning for retirement - there is a specific type of FD for you. Here are the most important ones:
Cumulative Fixed Deposit
A Cumulative Fixed Deposit is ideal for investors looking to grow their savings over time. The interest earned is reinvested throughout the tenure, helping your investment benefit from compounding and resulting in a higher maturity amount.
Non-Cumulative Fixed Deposit
A Non-Cumulative Fixed Deposit pays interest at regular intervals-monthly, quarterly, half-yearly, or annually. It is well-suited for individuals seeking a steady income stream while keeping their principal investment secure.
Senior Citizen Fixed Deposit
Senior Citizen Fixed Deposits are designed for investors aged 60 years and above, offering preferential interest rates over standard FD schemes. They provide a reliable way to earn stable returns while preserving capital during retirement.
Tax Saving Fixed Deposit
A Tax Saving Fixed Deposit helps investors save tax while earning fixed returns. Investments qualify for deductions under Section 80C of the Income Tax Act, subject to prevailing tax regulations, and come with a mandatory lock-in period of five years.
NRI Fixed Deposit
NRI Fixed Deposits enable Non-Resident Indians to invest in India and earn attractive returns on their savings. These deposits offer a secure investment avenue with flexible tenure options, helping NRIs manage and grow their funds efficiently.
A simple table to understand the types of Fixed Deposits:
FD Type
Interest Pay-out
Tenure
Tax Benefit
Best suited For
Cumulative FD
At Maturity
Flexible
No
Wealth Creation
Non-Cumulative FD
Monthly/Quarterly
Flexible
No
Regular Income
Senior Citizen FD
Higher Rate
Flexible
No
Retirees
Tax Saving FD
At Maturity
5 Years
Eligible under 80C
Tax Planning
NRI FD
As per Scheme
Flexible
Depends
NRIs
Fixed Deposit - Benefits and Features
Fixed Deposits remain one of India's most preferred investment options because they combine safety, simplicity, and stable returns. Shriram Finance FDs are rated CRISIL FAAA/Stable and ICRA MAA+ - the highest safety ratings for an NBFC in India.
Here are the Key Benefits:
Guaranteed and predictable returns
Lower risk compared to market-linked investments
Flexible investment tenures
Multiple pay-out options
Loan facility against FD
Premature withdrawal option
Easy nomination facility
Suitable for conservative investors
Additional interest benefits for senior citizens and females
Premature Withdrawal and Loan Against Fixed Deposit
Financial needs can arise unexpectedly. Fixed Deposits offer liquidity options without necessarily redeeming the investment completely.
Premature Withdrawal
While Fixed Deposits are designed to help you stay invested until maturity, unforeseen financial needs may arise. Most FD schemes offer a premature withdrawal facility, allowing you to access your funds before the tenure ends, subject to applicable terms, conditions, and penalty charges.
Loan/Overdraft Against FD
Instead of breaking your FD, you may choose to avail a loan or overdraft against your deposit. This enables you to meet short-term liquidity requirements while your FD continues to earn interest, making it a convenient way to access funds without disrupting your investment goals.
How to Open a Fixed Deposit Online?
Open your Fixed Deposit online in just 5 simple steps and start growing your savings with confidence.
Visit the Website or App
Go to the Shriram Finance website or download the Shriram One App. Navigate to the Fixed Deposit section and click on 'Open Fixed Deposit'.
Verify Your Mobile Number
Enter your registered mobile number and complete OTP verification to begin the application process securely.
Choose Your Investment Details
Enter your investment amount (starting from ₹5,000), select your preferred tenure, and choose an interest payout option-Cumulative or Non-Cumulative (Monthly, Quarterly, Half-Yearly, or Yearly).
Complete KYC Verification
Complete your KYC using Aadhaar-based e-KYC. Existing Shriram Finance customers can proceed using their existing KYC details. Keep your PAN card, identity proof, and bank account details handy.
Make Payment and Receive Confirmation
Fund your FD through Net Banking, UPI, NEFT, or RTGS. Once the payment is successful, your Fixed Deposit is created instantly and the FD receipt is shared digitally for your records.
Open a Fixed Deposit in Minutes
100% digital, paperless, and fully compliant. Book an FD at competitive rates and let your savings grow with certainty.
Got Questions?
View All FAQsA Fixed Deposit is a savings and investment instrument offered by banks and NBFCs in India where you deposit a lump-sum for a fixed tenure at a predetermined interest rate. The rate is guaranteed and does not change during the deposit period, regardless of market conditions.
The minimum investment in Shriram Unnati Fixed Deposit is ₹5,000. Additional investments must be in multiples of ₹1,000. There is no maximum investment limit.
For Cumulative FDs, interest is compounded monthly and paid at maturity. For Non-Cumulative FDs, interest is calculated and paid at the chosen payout frequency. Use the Shriram Finance FD Calculator for exact maturity amounts.
Yes. Shriram Finance FDs are rated FAAA/Stable by CRISIL and MAA+ by ICRA - indicating the highest safety and high credit quality for an NBFC in India. The company has been operational since 1974 and has a Pan-India presence with over 2,900 branches.
Need A Clearer Direction?
Let's get in touch on a 15-minute call where we can answer any questions you may have. Our advisor will help map your wealth mix and show what a dedicated, research-led plan would do differently.