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Shriram City Union Finance FD Rates
 and 1 other FD
Institution Name
Deposit Amount Range
Tenure Range
Interest Rate
Up to ₹25L
1 Year to 5 Years
7.75% - 8.6% Monthly compounding
Response Time Within 30 minutes
Features
Documents
Good to Know
Up to ₹25L
1 Year to 5 Years
7.72% - 8.65% Monthly compounding
Response Time Within 30 minutes
Features
Highlights
Documents
Good to Know
Shriram City Union Finance FD Rates is Rated as "Excellent!" by 2 Users

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Shriram City Union Finance FD Rates

Established in 1986, Shriram City (SC) is an NBFC (non-banking financial company) that offers retail financing. With over 1,000 branches all over India, SC has become a trusted name in the areas of personal, vehicle and small business financing as well as fixed deposits.

The fixed deposit schemes from Shriram City can be categorised into cumulative and non-cumulative. The FDs are also rated ‘FAA/Stable’ by CRISIL and ‘MAA+/Stable Outlook’ by ICRA. A brief about the scheme rates that are available is mentioned in the following sections.

Shriram City Cumulative FD Rates 2018

Shriram offers fixed deposits under cumulative and non-cumulative modes. Given below is an updated table of the revised interest rates offered on Shriram City cumulative FDs for 2018:

Shriram City Cumulative FD Rates
Tenure Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
1 year 8% 8.25%
2 years 8.64% 8.91%
3 years 9.54% 9.84%
4 years 9.97% 10.29%
5 years 10.42% 10.77%

*Rates may be revised at regular time intervals

*Please note that the rates given above are monthly percentage gains

Shriram City Cumulative Fixed Deposit Rates

  • In case of cumulative term deposits, the interest will be paid at the time of maturity.
  • The interest rate paid for a tenure of 1 year and 2 years is 7.25% p.a. on regular Shriram cumulative time deposits.
  • The interest rate gradually increases with the increase in the tenure range, reaching 7.58% p.a. for a time period of 3 years, a rise by 0.33% p.a. when compared to the rates paid for 1 year and 2 years.
  • For 4 years, the annual percentage gain will be at the rate of 7.63% p.a, which is an increase by 0.05% p.a, from the rate of interest paid for 3 years
  • The highest rate of interest paid is for an investment tenure of 5 years, where the gain percentage per annum is at a lucrative 7.72% p.a.
  • For senior citizens, the rate paid is more than the regular rate, reaching 7.95% p.a. for 5 years, an addition of 0.23% p.a.
  • For a tenure range that extends from 1 year to 2 years, the rate of interest paid for those who are 60 years and above, is 7.49% p.a.
  • For 3 years and 4 years, pensioners can expect to gain 7.81% p.a. to 7.86% p.a.
  • The maximum tenure offered is 5 years.
Shriram City Non-Cumulative FD Rates (Monthly)
Tenure Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
1 year 7.72% 7.95%
2 years 8% 8.23%
3 years 8.42% 8.65%
4 years 8.42% 8.65%
5 years 8.42% 8.65%

*Rates will be subject to change at regular intervals

Shriram City Monthly FD Interest Rates

  • In case of monthly interest payouts, the rates paid range from 7.25% p.a. to 7.72% p.a.
  • The best deposit rate can be obtained by investing for 5 years, where the interest gained will be at the rate of 7.72% p.a.
  • An interest rate of 7.95% p.a. is paid for seniors.
  • In the case of non-cumulative deposits, interest payment is made on the last day of the month.
Shriram City Non-Cumulative FD Rates (Quarterly)
Tenure Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
1 year 7.77% 8%
2 years 8.05% 8.29%
3 years 8.48% 8.71%
4 years 8.48% 8.71%
5 years 8.48% 8.71%

*Rates may be revised from time to time

Shriram City Quarterly FD Interest Rates

  • The best FD rate in this slot is 8.00% p.a., which is paid for senior citizens who invest in a quarterly payout FD for 5 years.
  • For those who are below 60 years, the rate of interest paid will range from 7.29% p.a. to 7.77% p.a.
  • Interest payment on a quarterly basis is made at 7.68% p.a. for 4 years and 7.63% p.a. for 3 years, while for pensioners the rate for the same tenure is 7.91% p.a. and 7.86% p.a.
  • There is difference of 0.48% in the interest paid for 5 years when compared to what is paid for 1 year, making 5-year FDs more lucrative.
  • For a 1 year and 2 year tenure, the rate of interest paid is 7.29% p.a.
  • Quarterly interest payments will be made at the end of the month each quarter.
Shriram City Non-Cumulative FD Rates (Half-yearly)
Tenure Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
1 year 7.85% 8.08%
2 years 8.13% 8.37%
3 years 8.57% 8.81%
4 years 8.57% 8.81%
5 years 8.57% 8.81%

*Rates may be revised at regular time intervals

Shriram City Half-yearly FD Interest Rates

  • More than 8.00% p.a. is paid for seniors who make an investment for 5 years in half-yearly payout term deposit schemes.
  • For 3 years and 4 years, senior citizens will get an attractive rate of return of 7.94% p.a. and 7.99% p.a. respectively, while regular deposit holders will get 7.70% p.a. and 7.75% p.a. for the same period.
  • For a tenure of 1 year and 2 years, the rate of interest paid is 7.36% p.a., while for those who are 60 years and above, for the same tenure the rate paid is 7.61% p.a.
  • Interest will be paid every 6 months, once in March and once in September.
Shriram City Non-Cumulative FD Rates (Yearly)
Tenure Regular FD Interest Rates (per annum) Senior Citizen FD Interest Rates (per annum)
1 year 8% 8.25%
2 years 8.3% 8.55%
3 years 8.75% 9%
4 years 8.75% 9%
5 years 8.75% 9%

*Rates will be subject to change at regular intervals

Shriram City Yearly FD Interest Rates

  • Compared to monthly, quarterly and half-yearly interest payout options, yearly payout term deposits seem to give the highest rate of return.
  • Those who are below 60 years can earn interest at a lucrative rate of 8.00% p.a. for investing in the yearly payout scheme for 5 years.
  • All other tenures that range from 1 year to 4 years, also pay a very good interest rate that is more than 7.00% p.a.
  • For 5 years, pensioners will get interest at the rate of 8.25% p.a., followed by 8.15% p.a for 4 years and 8.10% p.a. for 3 years.
  • Interest will be paid every year, on the last day of the month each March.

Shriram City Fixed Deposit Reviews

  • Shriram City Fixed Deposit
    "Average Service"
    0.5 4.0/5 "Great!"
    I had made this Fixed deposit for Gold and the growth with the deposit has been good. I had been paying the premium online and the tenure for the business conversions has been done. There has not been any issues faced with them so far. Their staffs had been informative as well.
    Was this review helpful? 2
    , coimbatore
    Reviewed on Oct 31, 2018
  • Shriram City Fixed Deposit
    "Customer service is the best"
    0.5 5.0/5 "Blown Away!"
    Customer service executive named karthik had spoken to me, he had filled the form and completed all the formalities he advised me to send my pan card to his email id . Online executive explained me about the terms and conditions and the interest rate is the best there.
    Was this review helpful? 3
    , kanchipuram
    Reviewed on Aug 08, 2017
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