Shriram Finance Updates Fixed Deposit Interest Rates Effective June 26

Shriram Finance Ltd is revising its interest rates on fixed deposits from June 26. Senior citizens will receive an additional 0.50% per annum, while women depositors will get an additional 0.05% per annum. Interest rates will be revised for various tenure periods, with the highest rate of 8.40% for deposits of 36, 50, and 60 months.

Shriram Finance Limited (SFL), a prominent player in the financial sector, has announced a revision in interest rates for its Fixed Deposits (FDs) and Fixed Investment Plans (FIPs), effective June 26, 2025. The changes aim to align with the evolving market conditions and regulatory guidelines.

The revised interest rates for FDs across various maturity tenures are as follows:

- 12 months: 7.65% to 7.35%
- 15 months (Digital Only): 7.90% to 7.50%
- 18 months: 7.80% to 7.40%
- 24 months: 7.90% to 7.50%
- 36 months: 8.40% to 8.00%
- 50 months: 8.40% to 8.00%
- 60 months: 8.40% to 8.00%

Additional benefits will continue to apply, including:

- Senior citizens (aged 60 years or above) will receive an additional 0.50% per annum.
- Women depositors will receive an additional 0.05% per annum.
- Renewals of matured deposits will attract an additional 0.15% per annum.
- For deposits above ₹10 crore, interest rates may vary but will remain within the cap specified by the Reserve Bank of India (RBI).

The FIP interest rates have also been revised:

- 12-23 months: 8.50% to 7.35%
- 24-35 months: 8.75% to 7.50%
- 36-48 months: 9.00% to 8.00%

Additional benefits for FIPs include:

- Women depositors will receive an additional 0.05% per annum.
- FIPs will be available only through the ‘Shriram One’ mobile application and the company’s website.

Shriram Finance 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, with a minimum amount of Rs. 5,000.

These revisions are part of Shriram Finance's ongoing efforts to provide competitive and flexible investment options to its customers.

References:
[1] https://www.apnnews.com/shriram-finance-ltd-revises-fd-interest-rates-effective-june-26-2025/