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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% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Good to Know
    Shriram City Union Finance FD Rates is Rated as "Blown Away!" by 1 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Shriram City Union Finance FD Rates

    Established in 1986, Shriram City Union Finance is an NBFC (non-banking financial company) that offers retail financing. With over 1000 branches all over India, SCUF 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 Union Finance can be categorised into two sections. One being the regular fixed deposit scheme and the other is the Shriram City Yuva Deposit. A brief about the schemes available is mentioned in the following sections.

    Shriram City Union Finance Fixed Deposit Features


    Fixed deposit accounts at Shriram City Union can be opened by either an individual, a minor, a senior citizen, a Hindu Undivided Family, trusts, firms or corporations.


    Sums of a minimum of Rs. 5000 for the cumulative and a minimum of Rs. 10,000 for the non-cumulative schemes are required in order to open a fixed deposit account. There is no maximum limit applicable and the deposits are to be made in multiples of Rs. 1000. The cumulative fixed deposit can be renewed for its maturity value.

    Fixed deposits with Shriram City Union offer a nomination facility and for payments of deposits, ECS facility is also available.

    Shriram City Union Fixed Deposit Rates

    Shriram City Union offers Fixed Deposits under Cumulative and Non-Cumulative modes.

    Non-Cumulative Mode Rates

    Shriram City Union FD Rates for Non- Cumulative Deposit
    Period (in months) Yearly(% per annum) Half Yearly (% per annum) Quarterly(% per annum) Senior citizen (yearly)(% per annum)
    12 7.75 7.61 7.54 8.00
    24 7.85 7.70 7.63 8.10
    36 8.00 7.85 7.77 8.25
    48 8.15 7.99 7.86 8.40
    60 8.25 8.08 8.00 8.50

    Cumulative Mode Rates

    The terms for fixed deposits stay the same (from 1 year to 5 years). The rate of returns vary sizably towards the second year onwards. The effective interest percentages per annum at monthly rests under this mode would be 7.49%, 7.58%, 7.72%, 7.86% and 7.95% for the 1 year, 2 years, 3 years, 4 years and 5 years respectively.

    Under both the modes of deposits, the additional benefit of 0.25% is applicable for senior citizens aged 60 years or more.

    Special Fixed Deposit Plans by Shriram City Union Finance

    To promote a sense of investing and saving in the youth, Shriram City Union Finance has started a special FD plan known as Shriram City Yuva Deposit. The salient features of this deposit can be mentioned as follows -

    • The minimum and maximum ages of entry for this plan are 18 and 35 years respectively
    • The plan offers a complimentary loyalty system which offers the depositor reward points for the amounts and tenures of deposits
    • 10, 20, 30 reward points for 1, 2, 3 or more years tenure of FD
    • Additional deposits gather 0.5% reward points on an incremental value
    • Reward points start accumulating after 6 months of placement of the Fixed Deposit
    • 1 reward point = Re. 1
    • Reward points can be redeemed after having reached a minimum value of 100 and can be used as top ups for prepaid mobile currency as well as for receiving specific gift vouchers only in the multiples of Rs. 100
    • Discounted processing fees on loan facility is also available under this scheme, whose features can be mentioned as followed
    • Eligibility is limited for people whose age was 18-35 years at the time of the deposit
    • The loan can only be availed if the total amount of deposits is Rs. 25,000 or above and the fixed deposit should have been in place for at least 6 months prior to the date of the loan
    • A discount of 25% on the processing fee will be applicable for the depositor if he/she is approved to avail a loan from the company

    News About Shriram City Union Finance Fixed Deposit

    • Rate Changes for Fixed Deposits at Shriram City Union Finance

      Established in 1986, Shriram City Union Finance is an NBFC (non-banking financial company) that offers retail financing. Shriram City Union offers Fixed Deposits under cumulative and non-cumulative modes.

      Interest rates on non-cumulative deposits may vary depending on the frequency of compounding and deposit period chosen. Interest rates at monthly rests for non-cumulative fixed deposits have been revised. The non-cumulative interest rates have been revised as per monthly, quarterly, half-yearly, and annual basis. The monthly interest rates for the deposits with tenures ranging 12 and 24 months are 8.42%, whereas from 36-60 months it’s 8.65%. Quarterly interest rates 12-24 months are 8.48% and for 36-60 months 8.71%. For the half-yearly fixed deposits, the rates of interest for 12-24 months and 36-60 months applicable are 8.57% and 8.81% respectively. The annual rate of interest for non-cumulative fixed deposits with tenures 12-24 months, 36-60 months are 8.75% and 9.0% respectively.

      20th November 2015

    • Shriram City Union Cuts Interest Rates on FDs

      Shriram City Union Finance has cut interest rates on existing fixed deposit products. This is in line with cuts made on FDs by banks and non-banking companies.

      The rate cut is effective as of May 1st 2015. It is extended to senior citizen depositors as well who will no longer receive additional interest over rack rates.

      The company features an FD scheme designed for the youth called ‘Yuva Fixed Deposits’. It is aimed at depositors between the ages of 18 and 35 years. The scheme has an AA+ rating, awarded by CARE. Depositors under this scheme are offered special benefits such discounts on loan processing fees and online facilities for application.

      While banks are currently offering interest at around 8% - 8.5% p.a. on fixed deposits, NBFCs are better off at around 9% - 9.5% p.a. With the expectation of lower FD rates in coming months, investors are considering company FDs as an alternative to banks to earn higher returns on investments.

      6th May 2015

    Shriram City Fixed Deposit Reviews

    • 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? 0
      , kanchipuram
      Reviewed on Aug 08, 2017
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