Shriram Finance Revises Fixed Deposit Interest Rates

India’s retail NBFC, Shriram Finance (SFL) a part of Shriram Group, has hiked fixed deposit (Shriram Unnati Deposits) rates by 5 to 30 basis points (0.05 per cent p.a. to 0.30 per cent p.a.) across different tenures. 

Customers can earn interest up to 9.36 per cent on Fixed Deposits, effective from 1 January 2023. An additional 0.25 per cent per annum will be paid on all renewals.

The following table shows the interest rate on fixed deposit: 

An additional interest of 0.50 per cent p.a. will be paid for senior citizen, i.e., above 60 years, on the date of deposit or renewal. However, an additional interest of 0.25 per cent p.a will be paid on all renewals. And, an additional interest of 0.10 per cent p.a. will be paid to Women Depositors.

All above tenures will be available for both offline and online investments.