Shriram Finance Ltd

AA+

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Overview

Interest Rates6.79% - 8.10% p.a

Tenure12 months - 60 months

Min. InvestmentRs. 5000.0

Lock in3 months

Senior Citizen Benefit

Individuals above the age of 60 are eligible to receive an extra 0.5% (over and above the standard rate).

Interest Rate Comparison

Shriram FD gives the highest interest rate compare to bank FD's

Interest rate(%)

8.1%

Shriram Finance LtdShriram Finance Ltd

6.6%

HDFC Bank FDHDFC Bank FD

6.6%

ICICI FDICICI FD

3.5%

Savings AccountSavings Account

About Shriram Finance

Shriram Finance Ltd is an RBI authorized non banking financial company (NBFC) licensed to take fixed deposits. Just like a bank, Shriram raises money via fixed deposits and lends this money as loans and earns the differential in between as profits. They have over 1 million + customers and manage an AUM of more than Rs. 1.77 lac crore. Read more

Why should you invest ?

Highest FD Returns amongst all NBFCs

Higher return than savings account, liquid funds and all other FDs

Company Has Never Defaulted

They started operations in 1978 and have never defaulted on any payment ever.

Experienced and Ethical Management

The leaders have successfully sailed through all the financial crisis with over 40 years of experience.

Trusted by over 2 crore Indians

2 crore Indians trust Shriram with their hard earned money

Highest Possible Safety Rating

CRISIL AA+/Stable is the FD rating which is the highest possible credit rating

Seasoned Leadership

Umesh G Revankar, A Harvard alumni with 28 years+ experience in finance industry

Frequently Asked Questions

What is Shriram Finance?

Shriram Finance Ltd is an RBI authorized non-banking financial company (NBFC) licensed to take fixed deposits. Just like a bank, Shriram raises money via fixed deposits and lends this money as loans to those who need it and earn the differential in between as profits. Shriram Finance is one of the oldest and highly trusted companies in the country. They are one of the largest players of commercial vehicle financing.

Are not only banks supposed to offer fixed deposits?

There are institutions and companies apart from banks that are allowed to raise money via a fixed deposit called non banking finance companies. Shriram Finance Company Ltd is an RBI authorized non-banking financial company (NBFC) licensed to take fixed deposits. These deposits are called Corporate FDs.

Why should I choose a corporate FD over bank FDs?

Corporate FDs offer you a higher rate of interest compared to most bank FDs. Rates of most bank FDs barely beat inflation.

Is it safe to invest in these fixed deposits?

The short answer is yes. Shriram Finance FD has been rated CRISIL AA+/Stable (2nd highest rating). INDmoney uses a very powerful AI tool called INDprotect to analyze the risk of a company. The AI model assigns a simple rating of low, moderate and high risk to each of these FD companies. We have done the research so that you don't have to. Our model currently indicates a Green rating on the FD.

Can I prematurely withdraw my fixed deposit?

There is a lock-in period of 3 months during which you are not allowed to withdraw your fixed deposit. Post this 3-month lock-in, you can withdraw it anytime. Just write us on support@indwealth.in and we will get it withdrawn for you within 5 working days.

Will there be a penalty charged in case of a premature withdrawal?

There is no penalty charged on your principal in case of a premature withdrawal. However, a revised interest rate will be applied to calculate the total interest. The revised interest rate structure will be as follows:

0-3 months: Not allowed to withdraw

3-6 months: 0%

After 6 months but before the date of maturity - The interest payable shall be 2% lower than the interest rate applicable to a public deposit for the period for which the public recurring deposit has run

Book your Fixed Deposit for higher interest rates upto 8.10%p.a

Fix your deposits with flexible plans of 1 year, 3 year and 5 year at best available interest rates

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