Shriram City Union Finance FD Rates

Shriram City offers different Fixed Deposit (FD) schemes at attractive interest rates and a tenure of up to 60 months. Senior citizens are offered an additional interest rate on any investments made towards the FD account.

Interest Rates of FDs Opened Online

Domestic Term Deposits (Up to Rs.5 crore): Non-Cumulative

Tenure Monthly Quarterly Half Yearly Yearly
12 months 6.31% 6.35% 6.40% 6.50%
15 months 6.54% 6.58% 6.64% 6.75%
24 months 6.54% 6.58% 6.64% 6.75%
30 months 7.25% 7.30% 7.37% 7.50%
36 months 7.25% 7.30% 7.37% 7.50%
45 months 7.34% 7.39% 7.46% 7.60%
48 months 7.34% 7.39% 7.46% 7.60%
60 months 7.48% 7.53% 7.60% 7.75%

Domestic Term Deposits (Up to Rs.5 crore): Cumulative Deposit

Tenure Monthly Interest Rate (p.a.)
12 months 6.31%
15 months 6.54%
24 months 6.54%
30 months 7.25%
36 months 7.25%
45 months 7.34%
48 months 7.34%
60 months 7.48%

*Shriram City can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 10 September 2021.

Bulk Term Deposits (More than Rs.5 crore): Non-Cumulative

Tenure Monthly Quarterly Half Yearly Yearly
12 months 6.56% 6.60% 6.66% 6.77%
15 months 6.79% 6.83% 6.89% 7.01%
24 months 6.79% 6.83% 6.89% 7.01%
30 months 7.50% 7.55% 7.62% 7.77%
36 months 7.50% 7.55% 7.62% 7.77%
45 months 7.59% 7.64% 7.72% 7.87%
48 months 7.59% 7.64% 7.72% 7.87%
60 months 7.73% 7.79% 7.86% 8.02%

Bulk Term Deposits (More than Rs.5 crore): Cumulative Deposit

Tenure Interest Rate (p.a.)
12 months 6.56%
15 months 6.79%
24 months 6.79%
30 months 7.50%
36 months 7.50%
45 months 7.59%
48 months 7.59%
60 months 7.73%

*Shriram City can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 10 September 2021.

Interest Rates of FDs Opened Offline

Domestic Term Deposits (Up to Rs.5 crore): Non-Cumulative

Tenure Monthly Quarterly Half Yearly Yearly
12 months 6.31% 6.35% 6.40% 6.50%
24 months 6.54% 6.58% 6.64% 6.75%
36 months 7.25% 7.30% 7.37% 7.50%
48 months 7.34% 7.39% 7.46% 7.60%
60 months 7.48% 7.53% 7.60% 7.75%

Domestic Term Deposits (Up to Rs.5 crore): Cumulative Deposit

Tenure Monthly Interest Rate (p.a.)
12 months 6.31%
24 months 6.54%
36 months 7.25%
48 months 7.34%
60 months 7.48%

*Shriram City can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 10 September 2021.

Bulk Term Deposits (More than Rs.5 crore): Non-Cumulative Deposit

Tenure Monthly Quarterly Half Yearly Yearly
12 months 6.56% 6.60% 6.66% 6.77%
24 months 6.79% 6.83% 6.89% 7.01%
36 months 7.50% 7.55% 7.62% 7.77%
48 months 7.59% 7.64% 7.72% 7.87%
60 months 7.73% 7.79% 7.86% 8.02%

Bulk Term Deposits (More than Rs.5 crore): Cumulative Deposit

Tenure Interest Rate (p.a.)
12 months 6.56%
24 months 6.79%
36 months 7.50%
48 months 7.59%
60 months 7.73%

*Shriram City can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 10 September 2021.

Features and Benefits of Shriram City Fixed Deposits

The main features and benefits of the FD schemes offered by Shriram City are mentioned below:

  • The tenure of the scheme ranges from 12 months to 60 months.
  • Senior citizens are provided an additional interest rate.
  • The two different schemes that are available are Non-Cumulative Deposits and Cumulative Deposits.
  • Auto-renewal facility is offered.
  • In the case of auto-renewal, an additional interest rate is provided.
  • High interest rates are offered.
  • Flexible pay-outs are provided.

Eligibility Criteria

The below-mentioned individuals and entities can open an FD account with Shriram City:

  • Body of Individuals or Unincorporated Association
  • Trusts
  • Foundations
  • Hindu Undivided Families (HUFs)
  • Partnership Firms
  • Company
  • Resident Individuals

Documents Required

Body of Individuals or Unincorporated Association

  • Proof of address
  • Proof of identity
  • Power of attorney must be provided for the individual to complete transactions
  • A resolution must be provided to manage the account

Trusts and Foundations

  • Proof of address
  • Proof of identity
  • Authorised signatory list
  • Trust deed
  • Registration certificate

HUF

  • Proof of address
  • Proof of identity
  • HUF declaration
  • HUF PAN Card

Partnership Firm

  • Proof of address
  • Proof of identity
  • Authorised signatory list
  • Partnership deed
  • Registration certificate

Company

  • Proof of address
  • Proof of identity
  • PAN (of company)
  • A resolution given by the Board of Directors
  • Memorandum and Articles of Association
  • Certificate of Incorporation

Resident Individuals

  • Proof of identity such as Aadhaar Card, Voter ID, driving license, PAN Card, or passport
  • Proof of address such as Aadhaar Card, Voter ID, driving license, passport, accommodation letter provided by the employer, savings bank account statement, or pension payment order.

Types of Shriram City Fixed Deposit Schemes

The two different types of FD schemes that are offered by Shriram City are mentioned below:

  • Non-Cumulative Deposits
  • Cumulative Deposits

FAQs on Shriram City Fixed Deposit Rates

  1. Does Shriram City offer a premature withdrawal facility on its FDs?

    Yes, Shriram City offers the premature withdrawal facility on its FDs.

  2. Is there a maximum amount that can be deposited in an FD account?

    No, there is no limit to the amount that can be deposited in an FD account.

  3. Can Non-Resident Indians (NRIs) invest in an FD account offered by Shriram City?

    No, NRIs cannot invest in an FD account offered by Shriram City.

  4. Should I provide the FD certificate to withdraw the money when the FD matures?

    Yes, the FD certificate must be provided to withdraw the money when the FD matures.

  5. What are the different tenures that the interest is paid out in the case of a non-cumulative deposit?
    • Monthly
    • Quarterly
    • Half-Yearly
    • Yearly

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