Shriram Finance Ltd revises FD interest rates effective May 2, 2025
- Additional interest of 0.50%* p.a. will be paid for Senior citizens
- Additional interest of 0.10%* p.a. will be paid to Women depositors
Mumbai: : Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has announced a revision in interest rates on Fixed Deposits (FDs) across various maturity tenures. The revised rates will be effective from May 2, 2025.
The updated rates are as follows:
|
INTEREST RATES ON FRESH DEPOSITS / RENEWALS
UPTO RS. 10 CRORE (w.e.f. 2nd May 2025)*
|
|
|
Non-Cumulative Deposit
|
Cumulative Deposit
|
|
Period (Months)
|
Monthly % p.a.
|
Quarterly % p.a.
|
Half Yearly % p.a.
|
Yearly % p.a.
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Rate % (p.a. at Monthly rests)
|
Effective Yield
% p.a.
|
Maturity Value for Rs 5,000/-
|
|
12
|
7.39
|
7.44
|
7.51
|
7.65
|
7.39
|
7.65
|
5,382
|
|
15 (Digital Only)
|
7.63
|
7.68
|
7.75
|
7.90
|
7.63
|
7.98
|
5,498
|
|
18
|
7.53
|
7.58
|
7.65
|
7.80
|
7.53
|
7.95
|
5,595
|
|
24
|
7.63
|
7.68
|
7.75
|
7.90
|
7.63
|
8.21
|
5,821
|
|
36
|
8.09
|
8.15
|
8.23
|
8.40
|
8.09
|
9.12
|
6,368
|
|
50
|
8.09
|
8.15
|
8.23
|
8.40
|
8.09
|
9.58
|
6,996
|
|
60
|
8.09
|
8.15
|
8.23
|
8.40
|
8.09
|
9.93
|
7,482
|
Additional benefits will continue for senior citizens aged 60 years or above at the time of deposit/renewal are eligible to earn an additional 0.50% interest per annum, while women investors can avail an extra 0.10% interest per annum. SFL will offer an additional interest of 0.25% per annum on all renewals. The Fixed Deposits are rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research. Deposits will be accepted in multiples of Rs. 1,000/-, subject to a minimum amount of Rs. 5,000/-.