Shriram Finance Ltd has announced a revision in interest rates on Fixed Deposits (FDs), effective May 2, 2025. The revised rates will apply to fresh deposits and renewals up to ₹10 crore.
As per the updated structure, interest rates will vary across different tenures and deposit types, with annual yields ranging from 7.65% to 9.93%. Notably, the highest effective yield of 9.93% is available on 60-month cumulative deposits, offering a maturity value of ₹7,482 for a ₹5,000 investment, according to a statement.
Additional benefits are offered to specific investor groups. Senior citizens aged 60 years or above will receive an extra 0.50% interest per annum at the time of deposit or renewal. Women depositors will earn an additional 0.10% interest per annum. Furthermore, all renewed deposits will be eligible for an additional interest of 0.25% per annum.
The fixed deposits are rated “[ICRA]AA+ (Stable)“ by ICRA and “IND AA+/Stable” by India Ratings and Research, indicating strong creditworthiness. Deposits can be made in multiples of ₹1,000, with a minimum amount of ₹5,000 required.