Earn Maximum with Shriram Finance FD Rates: Are you looking for a bank that offers the best interest rates on fixed deposits? Want to earn interest of Rs. 2,00,000 in 50 months? If yes, then you must know about Shriram Finance’s FD rates.
Shriram Finance is offering interest rates on fixed deposits up to 9.10% p.a. This interest rate includes 0.50% p.a. for Senior Citizens and 0.10% p.a. for Women.
A fixed deposit is the safest investment and independent from market fluctuations, like those in the stock market or mutual funds.
Read Also: Download All Banks FD Rates 2023
In this article, we will show you the rates that Shriram Finance offers on fixed deposits. So here are the rates:
![](http://bankpediaa.com/wp-content/uploads/2023/05/interest-rates-1024x443.png)
How to earn Rs. 2 lakh from Shriram Finance FD Rates
In the title of this article, we will tell you that you can earn Rs. 2 lakh in interest in just 50 months. Let’s discuss how this is possible.
As you have seen in the table given above, Shriram Finance offers a special interest rate of 8.18% for a period of 50 months i.e. Jubilee Scheme
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Shriram FD Rates for Individuals (less than 60 years)
If you have Rs. 500,000 to invest, then you should make a fixed deposit with Shriram Finance for 50 months. This investment will mature with an interest rate of Rs 2,20,500.
![](http://bankpediaa.com/wp-content/uploads/2023/05/shriram-finance-fd-rates-1024x536.webp)
Please note that this 8.18% interest rate is just for individuals who are not senior citizens.
Shriram Finance FD Rates for Senior Citizens
If you are a senior citizen or you want to make a fixed deposit in the name of your father, mother, or any elder person in your family that has an age above 60, you definitely have to go with this scheme to earn the maximum.
![](http://bankpediaa.com/wp-content/uploads/2023/05/senior-1024x536.webp)
Senior citizens will get an extra 0.50%, so with this extra interest, they will earn a total interest of Rs. 2,17,000/- in 50 months.
Shriram Finance FD Rates for Women Customers
Shriram Finance is not offering a zero extra rate of interest only for senior citizens; it also offers an extra rate of interest for women customers. They can earn an extra 0.10% rate of interest over and above the rate of interest for individuals.
![](http://bankpediaa.com/wp-content/uploads/2023/05/woman-1024x536.webp)
The rate of interest for female customers is 8.28% for 50 months. and the total interest that they earn after maturity will be Rs. 2,05,000.
Get Double Benefit from Shriram Finance FD Rates
Shriram Finance, 50 months The Jubilee plan is great for those customers who are senior citizens as well as women.
because those customers can take advantage of both interest rates. If you are a senior citizen as well as a woman, then you will get 8.78% from the Shriram Finance 50-Month Jubilee Scheme.
![](http://bankpediaa.com/wp-content/uploads/2023/05/senior-and-woman-1024x536.webp)
The total interest earned will be Rs. 2,20,000.
How to open Online Fixed Deposit with Shriram Finance
Step 1: Register using your mobile number
Step 2: Enter PAN details and investment amount
Step 3: Enter tenure, KYC & bank details and complete your payment
Step 4: Receive the fixed deposit receipt and maximize your returns
Who are Shriram Finance?
Shriram Finance Limited was incorporated in 1986 and has its headquarters in Chennai. In November 2022, Shriram Group’s entities – Shriram Capital Limited, Shriram City Union Finance Limited and Shriram Transport Finance Company Limited merged to form Shriram Finance Limited.
Shriram Finance offers home loans, car loans, two-wheeler loans, credit solutions for commercial vehicles, gold loans, and personal and small business loans.
As of December 2022, Shriram Finance has 2,901 branches across India. The total AUM as of December 2022 stood at INR 1.77 lac crores. Shriram Finance’s Fixed Deposits have an AA+ (Stable) Credit Rating.
Quick Snapshot of Shriram Finance
Legal Name of Business | SHRIRAM FINANCE LIMITED |
Trade Name | SHRIRAM FINANCE LIMITED |
Effective Date of registration | 01/07/2017 |
Constitution of Business | Public Limited Company |
GSTIN / UIN Status | 33AAACS7018R1Z0 (Active) |
Taxpayer Type | Regular |
Administrative Office | (JURISDICTION – STATE) State – Tamil Nadu Division – CHENNAI EAST Zone – Zone-VIII Circle – GUINDY |
Principal Place of Business | South Phase,, 14A, Industrial Estate, Guindy, Chennai, Tamil Nadu, 600032 |
Company CIN/FCRN | L65191TN1979PLC007874 |
List of Signatories of Shriram Finance
Full Name | Designation | Date of Appointment | Whether DSC Registered | Expiry Date of DSC |
SRINIVASAN SRIDHAR | Director | 20/10/2014 | Yes | 13/08/2023 |
SRINIVASA CHAKRAVARTHY YALAMATI | Managing Director | 13/12/2021 | Yes | 03/03/2024 |
UMESH GOVIND REVANKAR | Wholetime Director | 25/10/2016 | Yes | 29/07/2023 |
RAVI DEVAKI VENKATARAMAN | Director | 18/06/2015 | Yes | 09/09/2023 |
PARAG SHARMA | CFO(KMP) | 09/07/2014 | Yes | 23/08/2024 |
PARAG SHARMA | Wholetime Director | 13/12/2021 | Yes | 23/08/2024 |
MAYA SWAMINATHAN SINHA | Director | 04/12/2022 | Yes | 03/03/2024 |
BALASUNDARARAO UPPU | Company Secretary | 01/09/2022 | Yes | 17/08/2024 |
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FAQs
Is Shriram Finance safe for FD?
Yes, investing in Shriram Finance is 100% safe, as per records and information available on government portals related to Shriram Finance.
How can I deposit in Shriram Finance FDs?
Deposits will be accepted in multiples of Rs. 1,000/-, subject to a minimum amount of Rs. 5,000/-
Are Shriram Finance FDs are available Offline?
All Fixed Deposits also available for both offline and online investments