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- Additional interest of 0.50%* p.a. will be paid for Senior citizens
- Additional interest of 0.10%* p.a. will be paid to Women depositors
Hyderabad, 24 April 2025: : Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has announced a revision in interest rates on Fixed Deposits (FDs) across various maturity tenures. The revised rates will be effective from May 2, 2025.
The updated rates are as follows:
| INTEREST RATES ON FRESH DEPOSITS / RENEWALS
UPTO RS. 10 CRORE (w.e.f. 2nd May 2025)* |
|||||||
| Non-Cumulative Deposit | Cumulative Deposit | ||||||
| Period (Months) | Monthly % p.a. | Quarterly % p.a. | Half Yearly % p.a. | Yearly % p.a. | Rate % (p.a. at Monthly rests) | Effective Yield
% p.a. |
Maturity Value for Rs 5,000/- |
| 12 | 7.39 | 7.44 | 7.51 | 7.65 | 7.39 | 7.65 | 5,382 |
| 15 (Digital Only) | 7.63 | 7.68 | 7.75 | 7.90 | 7.63 | 7.98 | 5,498 |
| 18 | 7.53 | 7.58 | 7.65 | 7.80 | 7.53 | 7.95 | 5,595 |
| 24 | 7.63 | 7.68 | 7.75 | 7.90 | 7.63 | 8.21 | 5,821 |
| 36 | 8.09 | 8.15 | 8.23 | 8.40 | 8.09 | 9.12 | 6,368 |
| 50 | 8.09 | 8.15 | 8.23 | 8.40 | 8.09 | 9.58 | 6,996 |
| 60 | 8.09 | 8.15 | 8.23 | 8.40 | 8.09 | 9.93 | 7,482 |
Additional benefits will continue for senior citizens aged 60 years or above at the time of deposit/renewal are eligible to earn an additional 0.50% interest per annum, while women investors can avail an extra 0.10% interest per annum. SFL will offer an additional interest of 0.25% per annum on all renewals. The Fixed Deposits are rated “[ICRA]AA+ (Stable)” by ICRA and “IND AA+/Stable” by India Ratings and Research. Deposits will be accepted in multiples of Rs. 1,000/-, subject to a minimum amount of Rs. 5,000/-.
