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Shriram Transport Finance Company Ltd Fixed Deposit 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 Transport Finance Company Ltd Fixed Deposit Rates is Rated as "Blown Away!" by 4 Users

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Shriram Transport Finance Company Ltd Fixed Deposit Rates

Shriram group was established in 1979 and is registered as a Non-Banking Financial Company (NBFC) under Reserve Bank of India (RBI) norms. Apart from commercial financing, the group also accepts deposits. The interest rates offered by Shriram are highly competitive and much higher than what is offered on regular bank term deposits. Their FDs are rated ‘FAAA/Stable’ by CRISIL and ‘MAA+/ with Stable Outlook’ by ICRA.

Please note that the rates on all term deposits were revised on November 2017. In case of renewals, those who have opened the deposit before 31 October, 2017, will be subject to old rates. Those who have opened a deposit after 1 November, 2017, will be subject to new rates.

Shriram Cumulative FD Rates 2018

Shriram Cumulative Fixed Deposit Rates
Tenure Regular FD Interest Rates (per annum) Senior Citizen fD Interest Rates (per annum)
12 months 7.39% 7.63%
24 months 7.39% 7.63%
36 months 7.72% 7.95%
48 months 7.72% 7.95%
60 months 7.95% 8.19%
Minimum and Maximum Shriram fd interest rates 2018 for Regular and Senior Citizen
Shriram FD Rates

Shriram Cumulative FD rate highlights

  • As far as cumulative fixed deposits are concerned, the interest will be paid along with the principal invested at the time of maturity
  • In this slab, the interest rates offered are more than 7.00% p.a. across all tenures, making this a profitable investment option
  • The best FD rate offered is for a 60 months, where the annual percentage gain is 7.72% p.a. and 7.95% for senior citizens
  • It can be noted here that, the higher the investment duration, the greater the rate of interest paid
  • For 48 months the interest paid is 7.63% p.a., while for 36 months, it is 7.58% p.a.
  • For investing money for 1 year, the bank rate paid is 7.25% p.a., and for 2 years, the gain percentage is at the same rate
  • All senior citizens get more than 7.00% p.a. for investing for a tenure that ranges from 12 months to 60 months
  • The highest rate of interest paid to pensioners is 7.95% p.a. for an investment period of 60 months

Shriram Non- Cumulative FD Rates 2018

Shriram Monthly Payout Fixed Deposit Rates
Tenure Regular FD Interest Rates (per annum) Senior Citizen fD Interest Rates (per annum)
12 months 7.75% 8.00%
24 months 8.00% 8.25%
36 months 8.60% 8.85%
48 months 8.60% 8.85%
60 months 8.60% 8.85%

Shriram Monthly FD Rate highlights:

  • The most attractive rate of return is paid for putting money in a Shriram FD account for 5 years, where the gain percentage is 7.72% p.a., while for senior citizens the rate of gain is 7.95% p.a.
  • The interest rates increase in an ascending order based on the tenure
  • For 12 months, the gain rate is 7.25% p.a. and for 24 months the gain rate is 7.25% p.a. again
  • The annual percentage gain for 48 months is 7.63% p.a., while for 36 months it is 7.58% p.a.
  • All those who are 60 years and above get 7.86% p.a. for 48 months and 7.81% p.a. for 36 months
  • All pensioners get an additional rate of interest
  • Under this type of FD scheme, the interest will be credited to the customer’s account on a monthly basis
Shriram Quarterly Payout Fixed Deposit Rates
Tenure Regular FD Interest Rates (per annum) Senior Citizen fD Interest Rates (per annum)
12 months 7.29% 7.54%
24 months 7.29% 7.54%
36 months 7.63% 7.86%
48 months 7.68% 7.91%
60 months 7.77% 8.00%

Shriram Quarterly FD Rate highlights:

  • Quarterly rests can fetch deposit holders an interest rate of up to 7.77% p.a., while senior citizens stand to earn at the rate of 8.00% p.a. for 60 months
  • On the whole, all tenure slabs pay an interest rate that is more than 7.00% p.a.
  • Those investing for 48 months, will get paid at the rate of 7.68% p.a. and for 36 months the rate paid is 7.63% p.a.
  • For 12 months and 24 months, the rate of interest paid is 7.29% p.a. respectively
  • Pensioners can fetch a rate of 7.91% p.a. for 48 months and 7.86% p.a. for 36 months
  • Those who fall in the senior citizens age bracket will be able to gain 7.54% p.a. for 24 months and 12 months
Shriram Half-yearly Payout Fixed Deposit Rates
Tenure Regular FD Interest Rates (per annum) Senior Citizen fD Interest Rates (per annum)
12 months 7.36% 7.61%
24 months 7.36% 7.61%
36 months 7.70% 7.94%
48 months 7.75% 7.99%
60 months 7.85% 8.08%

Shriram Half-yearly FD Rate highlights:

  • Compared to monthly rests and quarterly rests, half-yearly payout term deposits pay a comparatively better rate of interest
  • Deposits holders may earn an annual interest rate of more than 7.00% p.a. for investing for 60 months, while seniors will get a lucrative rate of 8.08% p.a.
  • For 48 months the rate paid is 7.75% p.a., while 7.70% will be paid for 36 months and 7.36% p.a. for 24 months
  • A short tenure of 1 year will fetch account holders an interest rate of 7.36% p.a.
  • All those who fall in the senior citizen bracket get 7.99% p.a. for 48 months, 7.94% p.a. for 36 months, and 7.61% p.a. for 24 months
  • 1 year deposits pay pensioners at the rate of 7.61% p.a.
Shriram Yearly Payout Fixed Deposit Rates
Tenure Regular FD Interest Rates (per annum) Senior Citizen fD Interest Rates (per annum)
12 months 7.50% 7.75%
24 months 7.50% 7.75%
36 months 7.85% 8.10%
48 months 7.90% 8.15%
60 months 8.00% 8.25%

Shriram Yearly FD Rate highlights:

  • The most highest paying FD is the Shriram yearly payout option, where investors stand to gain in the range of 7.50% p.a to 8.00% p.a. for tenures that range from 12 months to 60 months
  • For seniors citizens, yearly payout term deposits are the best option in Shriram because all tenure ranges pay in the range of 7.75% p.a. to 8.25% p.a.
  • An interest rate of 8.00% p.a is paid for a tenure of 60 months, while for 24 months and 12 months, the rate paid is 7.50% p.a. respectively
  • Pensioners get the best FD rate of 8.25% p.a for investing money for a period of 5 years

Shriram Transport Finance Company Ltd Fixed Deposit Reviews

  • Shriram Finance Fixed Deposit
    "Good invest and best service"
    0.5 5.0/5 "Blown Away!"
    I have opened the fixed deposit in Shriram Transport finance through online channel, then I have deposited the amount of Rs.10,000 for the tenure of one years, After the tenure period I would be getting totally around Rs.10,700, they gave me the interest rate of 7.4%.
    Was this review helpful? 5
    , kanchipuram
    Reviewed on Aug 08, 2017
  • Shriram Finance Fixed Deposit
    "Higher returns "
    0.5 5.0/5 "Blown Away!"
    With the help of the online portal I got in touch with shriram ,, I have opened a FD for my daughter's marriage, though I am ready to upload FORM 15C not sure how to upload. I also earn an interest of 7.72 % for a tenure of 36 months, partial liquidation is allowed after 4 months but the interest rate would be low, at the same time if I do a liqudiation after 6 months I will earn good interest. Overall I would say that are trustworthy and safe.
    Was this review helpful? 9
    , chennai
    Reviewed on Mar 25, 2017
  • Shriram Finance Fixed Deposit
    "Higher returns "
    0.5 5.0/5 "Blown Away!"
    With the help of the online portal I got in touch with shriram ,, I have opened a FD for my daughter's marriage, though I am ready to upload FORM 15G not sure how to upload. I also earn an interest of 7.72 % for a tenure of 36 months, partial liquidation is allowed after 4 months but the interest rate would be low, at the same time if I do a liqudiation after 6 months I will earn good interest. Overall I would say that are trustworthy and safe.
    Was this review helpful? 2
    , chennai
    Reviewed on Mar 25, 2017
  • Shriram Finance Fixed Deposit
    "Good One.."
    0.5 5.0/5 "Blown Away!"
    I have a two wheeler loan from Shriram finance. It is very good. When I approached the showroom, they took me to this company. The collected the documents at the door step. Within 3 days they gave the loan. EMI dates are convenient. I pre closed the loan without any charges.
    Was this review helpful? 19
    , chennai
    Reviewed on Aug 26, 2015
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