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Current Shriram Finance FD rates
The following schedule is for resident individuals and non-individuals, for deposits up to ₹10 crore. Rates are per annum and effective October 11, 2026. The first four payout columns are non-cumulative; cumulative interest is paid with principal at maturity. Shriram Finance’s rate page says rates can change and the rate on the deposit or renewal date applies.
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| Tenure | Monthly payout | Quarterly payout | Half-yearly payout | Yearly payout | Cumulative, at maturity |
|---|---|---|---|---|---|
| 12 months | 6.79% | 6.82% | 6.88% | 7.00% | 7.00% |
| 15 months (digital only) | 7.25% | 7.30% | 7.36% | 7.50% | 7.50% |
| 18–23 months | 7.02% | 7.06% | 7.12% | 7.25% | 7.25% |
| 24–35 months | 7.25% | 7.30% | 7.36% | 7.50% | 7.50% |
| 36–60 months | 7.58% | 7.63% | 7.70% | 7.85% | 7.85% |
The rates are rounded to two decimal places. The maximum rate is not a universal return: it corresponds to a particular tenure and payout choice, and additional-interest eligibility and deposit category can affect the applicable rate.
How much the rates increased
Business Standard reported these old-to-new changes for the listed tenures. The new figures match the issuer’s current schedule; the previous rates and basis-point increases below are from the publication’s October 9, 2026 report.
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| Tenure | Previous cumulative rate | New cumulative rate | Increase |
|---|---|---|---|
| 12 months | 6.85% | 7.00% | 15 basis points |
| 15 months (digital only) | 7.10% | 7.50% | 40 basis points |
| 18–23 months | 7.05% | 7.25% | 20 basis points |
| 24–35 months | 7.10% | 7.50% | 40 basis points |
| 36–60 months | 7.50% | 7.85% | 35 basis points |
Business Standard’s October 9 report is the source for the old rates; the issuer’s rate page confirms the revised schedule.
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Cumulative FD
Interest accumulates and is paid along with principal at maturity. The cumulative column is useful for comparing the maturity option, but it is not an interim-income schedule.
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Non-cumulative FD
Interest is paid at the interval selected: monthly, quarterly, half-yearly or yearly. Use the matching payout column when estimating periodic income; its rate can differ from the cumulative rate for the same tenure.
Additional interest: eligibility matters
The rate page lists these additions to the applicable rate: 0.50 percentage points per year for a senior citizen who has completed age 60 by the deposit or renewal date; 0.05 percentage points for women depositors; and 0.15 percentage points for renewal of a matured deposit. These benefits do not apply to bulk deposits, and are incorporated proportionately for periods shorter than a year. Confirm the applicable combination and terms with Shriram Finance rather than adding every premium automatically.
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Existing deposits, minimum amount and NRI terms
Fresh deposits and renewals
Existing deposits keep their contracted rate until maturity. The revised schedule applies to fresh deposits and renewals made on or after its effective date, as explained in the issuer’s FD FAQs.
Minimum deposit
The issuer’s FAQ states a minimum deposit of ₹5,000, accepted in multiples of ₹1,000. Its usual tenure range is 12–60 months.
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NRI deposits
The issuer displays the same listed tenure schedule for NRI deposits except that it omits the digital-only 15-month term and sets a maximum tenure of 36 months. NRI deposits use NRO account funds. Check the NRI-specific terms before applying.
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Tax and product risk
Shriram Finance says FD interest is taxable. Its FAQ describes Form 15G or 15H declarations for eligible depositors and gives a ₹10,000 annual-income threshold for TDS for FY 2025–26. That figure is specific to that financial year; confirm current tax rules and your eligibility before relying on it. The deposit is an NBFC fixed deposit, not a bank deposit, and should not be treated as risk-free. Review the issuer’s current terms and relevant protections before investing.
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