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Fixed deposits secured savings

Fixed deposit is the most secured saving option that lets you grow your money with assured returns. These assured return enables you to invest for a better and secured future by offering guaranteed high returns along with safety of principle amount. Deposits are a contract between you and the Shriram City for the approved rate of interest from the date of investment till maturity. Shriram City comes with over 45 years of unchallenged trust in the Indian market and with trust of over 5 million customers. With investment tenure ranging from 12 months to 60 months, Shriram City’s term deposit comes with a"MAA+/ with Stable Outlook" rating by ICRA (Indicates high credit quality).

We offer best FD interest rates which help you to grow your savings securely. Our FD calculator lets you calculate how much interest you will earn at the end of the tenure and helps you to make a sound financial decision. Shriram City Union Finance’s term deposit schemes come with one of the best features which is compounding your interest on monthly basis. This unique feature helps you to multiply your savings.

Features of Fixed Deposit Scheme

High Returns on Fixed Deposits
Higher Returns on Investment

Shriram City offers a lucrative 8.25%* rate of interest and an additional 0.40% for senior citizens. With a high interest rate and monthly accumulation of returns on deposit, it becomes easy for you to accumulate your savings and plan a financially secured future. Shriram City has been certified with highest credit rating with stable outlook, and our fixed deposits are one of the best investment options for you 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 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, you can earn interest on a monthly, quarterly, half-yearly or on yearly basis. For cumulative deposits, the interest earned will get compounded on a monthly basis along with the principal amount.

Types of Fixed Deposits

Fixed term deposits are the most popular investment option in India. Millions across the country have chosen Shriram City as their trusted investment partner for term deposits. Primarily there are two types of Term Deposits offered by Shriram City:

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

In this type, the interest is payable in monthly, quarterly, half-yearly, or annual instalments. It is suitable for individuals or pensioners who are looking for a income at regular intervals. These depositss 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 schemes. You can choose the tenure as per your requirement.


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

Documents Required

Documents Required for Fixed Deposit
ID Proof
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.

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 April, 2021)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.017.067.127.25
157.257.307.377.50
247.257.307.377.50
307.727.777.858.00
367.727.777.858.00
457.817.877.948.10
487.817.877.948.10
607.958.018.098.25

Additional interest of 0.40% p.a. will be paid to senior citizens (Completed age 60 years on the date of deposit/renewal)

Added interest of 0.25% p.a. on all renewals, where the deposit is matured.

Additional rate 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 April, 2021)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
12 7.017.255,360
15 7.257.575,470
24 7.257.785,775
30 7.728.496,060
36 7.728.666,300
45 7.819.056,695
48 7.819.146,825
60 7.959.737,430

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 April, 2021)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.017.067.127.25
247.257.307.377.50
367.727.777.858.00
487.817.877.948.10
607.958.018.098.25

Additional interest of 0.40% p.a. will be paid to elderly persons (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 April, 2021)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
127.017.255,360
247.257.785,775
367.728.666,300
487.819.146,825
607.959.737,430

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 April, 2021)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.267.317.387.51
157.507.557.627.77
247.507.557.627.77
307.978.038.118.27
367.978.038.118.27
458.068.128.208.37
488.068.128.208.37
608.208.268.358.52

Additional interest of 0.40% p.a. will be paid to senior citizens (Completed age 60 years on the date of deposit/renewal)

Added interest of 0.25% p.a. on all renewals, where the deposit is matured.

Additional rate 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 April, 2021)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
12 7.267.515,375
15 7.507.845,490
24 7.508.075,805
30 7.978.796,095
36 7.978.986,345
45 8.069.386,760
48 8.069.486,895
60 8.2010.107,525

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 April, 2021)
Non-Cumulative Deposit
Period (months) Monthly % P.A Quarterly % P.A Half-yearly % P.A Yearly % P.A
127.267.317.387.51
247.507.557.627.77
367.978.038.118.27
488.068.128.208.37
608.208.268.358.52

Additional interest of 0.40% p.a. will be paid to elderly persons (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 April, 2021)
Cumulative Deposit
Period (months) Rate (P.A at Monthly rests)Effective Yield % P.AMaturity value for ₹ 5000/-
127.267.515,375
247.508.075,805
367.978.986,345
488.069.486,895
608.2010.107,525

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 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% lower than the actual interest rate applicable to a deposit for the period for which the deposit has run. If no rate has been specified for that period, then 3% 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 online.

Why is FD the best investment?

While the market has too many high-return investment options, fixed-period-deposit have still not lost its charm. It has 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 is that FD offers guaranteed returns. Unlike other investments that are dependent on the market cycle, deposit with agreed maturity provides 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 FD 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. Shriram City offers up to 8.25% 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

FDs are a safe investment that give you assured returns at the end of the lock-in period. This feature makes it a favored 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
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

Frequently Asked Questions

What is a fixed-term deposit scheme?

Fixed deposit is an investment tool 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 Individuals, 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. As there is not maximum limit

Your 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 FD before its tenure ends

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

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