• Shriram Transport Finance Company Ltd Fixed Deposit Rates

    Shriram Transport Finance Company Limited offers different Fixed Deposit (FD) schemes at attractive interest rates and a tenure of up to 60 months. The minimum amount that must be made per deposit is Rs.5,000.

    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 Transport Finance 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 Transport Finance 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 Transport Finance 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 Transport Finance 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 Transport Finance Fixed Deposits

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

    • The tenure of the scheme ranges between 12 months and 60 months.
    • The minimum deposit that must be made is Rs.5,000.
    • The two different schemes that are available are Non-Cumulative Deposits and Cumulative Deposits.
    • Non-Resident Indians (NRIs) can open an account.
    • The company offers a premature withdrawal facility.
    • Auto-renewal facility is offered.

    Eligibility Criteria

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

    • NRIs
    • Trust
    • Foundation
    • Hindu Undivided Families (HUFs)
    • Partnership Firm
    • Company
    • Resident Individuals

    Documents Required

    NRIs

    • Proof of address such as driving license or Voter ID, EB Bill Card, local property papers, or passbook, or bank statement in India and abroad
    • PAN Card
    • PIO Card to show Indian Origin
    • Employment letter from abroad
    • Passport along with a valid visa
    • DTAA declaration
    • NRI undertaking

    Trusts and Foundations

    • Proof of address
    • Proof of identity
    • PAN Card
    • Trust deed
    • Registration certificate

    HUF

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

    Partnership Firm

    • Proof of address
    • Proof of identity
    • PAN (of partnership firm)
    • Partnership deed
    • Registration certificate

    Company

    • Proof of address
    • Proof of identity
    • PAN (of company)
    • A resolution given by the Board of Directors
    • Power of Attorney given by employees, officers, or manages to complete transactions
    • Memorandum and Articles of Association
    • Certificate of Incorporation

    Resident Individuals

    • Proof of address and identity such as Aadhaar Card, Voter ID, Driving License, or Passport.

    Types of Shriram Transport Finance Fixed Deposit Schemes

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

    • Non-Cumulative Deposits
    • Cumulative Deposits

    FAQs on Shriram Transport Finance Fixed Deposit Rates

    1. Is it possible to change the bank account details?

      Yes, you can change the bank account details. You will need to submit the details to the bank in the prescribed format.

    2. Does Shriram Transport Finance offer the facility to add nominees to the FD account?

      Yes, Shriram Transport Finance offers the facility to add nominees to the FD account.

    3. Is it possible to open joint accounts with Shriram Transport Finance?

      Yes, Shriram Transport Finance offers the facility to open joint FD accounts.

    4. Can the FD account be transferred?

      No, the FD account opened with Shriram Transport Finance cannot be transferred.

    5. Is it possible to open an FD account online?

      Yes, Shriram Transport Finance offers the facility to open an FD account online.

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    Shriram Transport Finance Company Ltd Fixed Deposit Reviews

    • Shriram Finance
      "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? 26
      , kanchipuram
      Reviewed on Aug 08, 2017
    • Shriram Finance
      Shriram Finance
      "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? 22
      , chennai
      Reviewed on Mar 25, 2017
    • Shriram Finance
      "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? 11
      , chennai
      Reviewed on Mar 25, 2017
    • Shriram Finance
      "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? 31
      , chennai
      Reviewed on Aug 26, 2015
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