Fixed Deposit | Fixed Deposit Returns at Highest Interest Rate - SCUF
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Fixed deposits secured savings

Fixed deposits are the most secured saving options that let your money grow with assured returns. Term Deposits enable you to invest for a better and secured future by offering guaranteed returns as well as the safety of the invested amount. Deposits are a contract between you and the Shriram City for the approved interest rate from the date of investment till maturity. Shriram City comes with about 45 years of unchallenged trust in the Indian market, with over 5 million trusted customer base across the length and breadth of the nation. With investment tenure ranging from 12 months to 60 months, Shriram City's fixed-deposits come with a "MAA+/ with Stable Outlook" rating by ICRA (Indicates high credit quality).

Shriram City offers attractive FD interest rates to grow your savings securely. Our Fixed-deposit-calculator lets you calculate how much interest you will earn at the end of the tenure and helps you in making a sound financial decision. Shriram City Union Finance's term deposit schemes come with one of the best features and benefits that multiply your savings.

Features of Fixed-Deposit Scheme

High Returns on Fixed Deposits
High Returns on Investment

Shriram City offers a lucrative 8.40%* interest rate to you and an additional 0.40%* for senior citizens on term-deposits. With a high-interest rate and stable return, it becomes easy for you to accumulate your savings and plan a financially secured future. Shriram City has been certified with stability, and our fixed-deposits are one of the best investment options to grow your savings.

Flexible Tenure
Flexible Tenure

Shriram City's fixed-period deposit scheme offers flexible tenure options starting from 12 months to 60 months. You can choose the duration and the amount based on your needs and financial goals. If you have a big event planned in five years, then you can select the 60-months deposit tenure for financing the event.

Flexible Pay-outs
Flexible Pay-outs

Shriram City offers both cumulative and non-cumulative term deposits. If you are choosing non-cumulative deposits, you can earn interest on a monthly, quarterly, half-yearly or Yearly basis. For cumulative deposits, the interest earned against the deposit will get compounded along with the principal amount.

Types of Fixed Deposits

Fixed-Period Deposit are the most popular investment option in India. Millions across the country have chosen Shriram City fixed-deposit scheme as their trusted investment option. Primarily there are two types of Term Deposits offered by Shriram City:

In a cumulative fixed deposit, the interest earned against the deposit will get compounded along with the principal. The interest will not be payable in instalments. Instead, it will be paid only along with the principal amount during its maturity. Shriram City accepts fixed deposits instalments only in multiples of Rs. 1,000/- subject to a minimum amount of Rs.5,000/- per deposit.

In this type of deposit, the interest is payable in monthly, quarterly, half-yearly, or annual instalments. It is suitable for individuals or pensioners who are looking for a periodical income. These deposits are acceptable in multiples of Rs.1,000/- subject to a minimum amount of Rs.5,000/- per Deposit.

Interest for Non-Cumulative Deposits will be paid as per below-given schedule: -

  • Monthly – Last Working Day of Every Month
  • Quarterly – Last Working Day of March/June/September/December
  • Half Yearly – Last Working Day of March/September
  • Yearly – Last Working Day of March
  • Interest payment through NEFT only

Investment Tenure

Shriram-City Fixed Period Deposit tenure is provided for both online and offline scheme.You can choose the tenure for deposits as per your requirement.


  • MONTHS
  • 12
  • 15
  • 24
  • 30
  • 36
  • 45
  • 48
  • 60
  • ONLINE
  • WALKIN
  • -
  • -
  • -

Documents Required for Investment

Documents Required for Fixed Deposit

Usually, the required documents to invest in Shriram City fixed-term deposit are:

Self Attested ID Proof
Self Attested Address Proof
Photographs
Cancelled Cheque Leaf

Other than the above documents, for HUF, trusts, and other entities, please refer to our list of documents required.

Fixed Deposit Interest Rates

Retail Deposit <= 5 Crore

  • Online
  • Offline
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS
[Investment through online mode - Shriram City Website] (w.e.f. 1st October, 2020)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.257.307.377.50
157.447.497.567.70
247.447.497.567.70
307.867.928.008.15
367.867.928.008.15
457.907.968.048.20
487.907.968.048.20
608.098.158.238.40

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS
[Investment through online mode - Shriram City Website] (w.e.f. 1st October, 2020)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
12 7.257.505,375
15 7.447.785,485
24 7.448.005,800
30 7.868.666,080
36 7.868.846,325
45 7.909.176,720
48 7.909.266,850
60 8.099.947,485

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st October, 2020)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.257.307.377.50
247.447.497.567.70
367.867.928.008.15
487.907.968.048.20
608.098.158.238.40

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st October, 2020)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
127.257.505,375
247.448.005,800
367.868.846,325
487.909.266,850
608.099.947,485

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.



Bulk Deposit > 5 Crore

  • Online
  • Offline
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS
[Investment through online mode - Shriram City Website] (w.e.f. 1st October, 2020)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.487.537.607.75
157.677.727.807.95
247.677.727.807.95
308.098.158.238.40
368.098.158.238.40
458.138.198.278.45
488.138.198.278.45
608.328.388.478.65

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS
[Investment through online mode - Shriram City Website] (w.e.f. 1st October, 2020)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
12 7.487.755,385
15 7.678.035,500
24 7.678.275,825
30 8.098.946,115
36 8.099.136,370
45 8.139.486,775
48 8.139.586,915
60 8.3210.287,570

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st October, 2020)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.487.537.607.75
247.677.727.807.95
368.098.158.238.40
488.138.198.278.45
608.328.388.478.65

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st October, 2020)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
127.487.755,385
247.678.275,825
368.099.136,370
488.139.586,915
608.3210.287,570

Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)

Additional interest of 0.25% p.a on all Renewals, where the deposit is matured.

Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.

Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.

Cumulative deposits can be renewed for maturity value.

Premature Withdrawal

The Shriram City Term Deposit Premature Withdrawal Norms are as follows:

Premature Withdrawal - Upto 3 months
Up to 3 months from the date of deposit/renewal (Lock-in-period)

No repayment except in the event of the death of the depositor**

Premature Withdrawal - after 3 months
After three months but before six months

No Interest*

Premature Withdrawal - after 6 months
After six months but before the date of maturity

The interest at 2 per cent lower than the interest rate applicable to a deposit for the period for which the deposit has run or if no rate has been specified for that period, then 3 per cent lower than the minimum rate at which deposits are accepted by the Shriram City*

** in the event of the death of a depositor, the company shall repay the deposit prematurely, even within the lock-in period, to the surviving depositor/s in the case of joint holding with survivor clause, or the nominee or the legal heir/s of the deceased depositor, on the request of the surviving depositor/s/nominee/legal heir, and only against submission of proof of death, and other necessary documents to the satisfaction of the Shriram City.

* The above rates are also applicable for premature repayment in the case of death of a depositor.

How to Open / Invest FD Online in Shriram City Finance?

Opening a fixed-term-deposit in Shriram can now be done from the comfort of your couch. You can invest in Shriram fixed-term-deposit through online itself.

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Why fixed-period-deposit is the best investment?

While the market has too many high-return investment options, fixed-period-deposits have still not lost its charm. They have a plethora of benefits that make it the best investment option for the old and young alike.

Guaranteed Returns
Guaranteed Returns

One of the most advantageous points of fixed period deposits is that it offers guaranteed returns. Unlike other investments that are dependent on the market cycle, fixed period deposits provide a steady income. Regardless of how much you have deposited, your investment will generate a salary as per the specified interest rate.

Flexible Timeline
Flexible Timeline

With an investment period of 12-60 months, Shriram City's fixed-period-deposit schemes will help you achieve your financial goals. We also offer a higher rate of interest to make your earnings better. This lock-in period will ensure that you keep your savings safe and even earn interest for the same.

Higher Interest Rates
Higher Interest Rates

When compared to the standard savings account, FD's generally offer a higher rate of interest. For instance, Shriram City offers up to 8.40%* p.a. on invested amount. The FD interest rates will vary according to your chosen tenure, and senior citizens get an additional 0.40%* p.a.

Mitigates Risk
Mitigates Risk

FD's are a safe investment that gives you assured returns at the end of the lock-in period. This feature makes it a favoured option among individuals who want stable returns.

Fixed-Deposit-Calculator

  • Regular Scheme
  • Senior Citizen Scheme
Investment Amount
|
5K
|
20L
|
40L
|
60L
|
80L
|
1Cr
Tenure
|
12
|
24
|
36
|
48
|
60
Invest Now
Cumulative
Interest RateInterest PayoutMaturity Amount
8.01₹ 155379₹ 568379
Non-Cumulative
PeriodInterest rateInterest payout
Monthly8.01%₹ 2757
Quarterly8.01%₹ 2757
Half yearly8.01%₹ 2757
Yearly8.01%₹ 2757

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Frequently Asked Question About Fixed Deposit

What is a fixed deposit scheme?

Fixed deposit is investment tools offered by Shriram City, where you can deposit your money for a higher rate of interest than savings accounts for a fixed period. You have multiple options to choose the investment period based on your need.

Resident Individual, Companies, Partnership Firms, HUF, Unincorporated Association, or Body of Individuals and Trust & Foundation can invest in Shriram City’s fixed deposit schemes.

These deposits are acceptable in multiples of ₹ 1,000/- subject to a minimum amount of ₹ 5,000/- for cumulative deposit and ₹ 5,000/- for non-cumulative deposit.

Your fixed deposit interest is payable as monthly, quarterly, half-yearly, or annual payments. The interest amount will directly be credited to your bank account through the NEFT only.

Premature withdrawal from a fixed deposit means that the depositor is allowed to close the Fixed Deposit before its tenure ends.

Once, your maturity period is over, you need walk-in to your branch and submit the fixed deposit certificate duly discharged by the investor provided to you at the time of investment.

Read More FAQ’s

Quick Links

Fixed Deposit Interest Rates Returns on Fixed-Period-Deposits
Fixed Deposit KYC & DocumentationFD KYC & Documentation
Deposit Form DownloadsDeposit Form Downloads
How to Apply for Fixed DepositHow to apply for Term-Deposit
Fixed Deposit FAQsFixed-Deposits FAQs
TDS CertificateTDS Certificate
Interest CertificateInterest Certificate
Online 15G/15H SubmissionOnline 15G/15H Submission
Customer Touch PointCustomer Touch Point
Business Associate CornerBusiness Associate Corner

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