Shriram Finance revised Fixed Deposit Interest Rates, upto 9.36%, effective yield upto 11.29% on Shriram Unnati Deposits

Shriram Finance revised Fixed Deposit Interest Rates, upto 9.36%, effective yield upto 11.29% on Shriram Unnati DepositsMumbai, January 02, 2023: India’s largest retail NBFC, Shriram Finance Limited (SFL) a part of Shriram Group, announced a hike in fixed deposit (Shriram Unnati Deposits) rates by 5 to 30 basis points (0.05% p.a. to 0.30% p.a.) across different tenures. Customers can earn interest up to 9.36% on FDs, effective from January 1, 2023.  Additional 0.25% p.a will be paid on all renewals.

Interest rates on Fixed Deposits

Period (months) Existing Interest rate (p.a.) Revised Interest rate (p.a.)

WEF Jan 1 2023

Increase in Interest rate (p.a.)
12 7.00% 7.30% 0.30% (30 basis points)
18 7.30% 7.50% 0.20% (20 basis points)
24 7.50% 7.75% 0.25% (25 basis points)
30 8.00% 8.00%
36 8.05% 8.15% 0.10% (10 basis points)
42 8.15% 8.20% 0.5% (5 basis points)
48 8.20% 8.25% 0.5% (5 basis points)
60 8.30% 8.45% 0.15% (15 basis points)
  •  Additional interest of 0.50% p.a will be paid for senior citizen (completed age 60 years on the date of deposit/renewal)
  •  Additional interest of 0.25% p.a will be paid on all renewals.
  •  Additional interest of 0.10% p.a. will be paid to Women Depositors.
  •  All above tenures will be available for both offline and online investments.

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