Shriram Finance Ltd revises FD interest rates effective May 2
Mumbai, 24 April 2025: : Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has announced a revision in interest rates on Fixed Deposits (FDs) across various maturity tenures. The revised rates will be effective from May 2, 2025.
The updated rates are as follows:
|
INTEREST RATES ON FRESH DEPOSITS / RENEWALS UPTO RS. 10 CRORE (w.e.f. 2nd May 2025)* |
|||||||
|
|
Non-Cumulative Deposit |
Cumulative Deposit |
|||||
|
Period (Months) |
Monthly % p.a. |
Quarterly % p.a. |
Half Yearly % p.a. |
Yearly % p.a. |
Rate % (p.a. at Monthly rests) |
Effective Yield % p.a. |
Maturity Value for Rs 5,000/- |
|
12 |
7.39 |
7.44 |
7.51 |
7.65 |
7.39 |
7.65 |
5,382 |
|
15 (Digital Only) |
7.63 |
7.68 |
7.75 |
7.90 |
7.63 |
7.98 |
5,498 |
|
18 |
7.53 |
7.58 |
7.65 |
7.80 |
7.53 |
7.95 |
5,595 |
|
24 |
7.63 |
7.68 |
7.75 |
7.90 |
7.63 |
8.21 |
5,821 |
|
36 |
8.09 |
8.15 |
8.23 |
8.40 |
8.09 |
9.12 |
6,368 |
|
50 |
8.09 |
8.15 |
8.23 |
8.40 |
8.09 |
9.58 |
6,996 |
|
60 |
8.09 |
8.15 |
8.23 |
8.40 |
8.09 |
9.93 |
7,482 |
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Additional benefits will continue for senior citizens aged 60 years or above at the time of deposit/renewal are eligible to earn an additional 0.50% interest per annum, while women investors can avail an extra 0.10% interest per annum. SFL will offer an additional interest of 0.25% per annum on all renewals. The 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/-, subject to a minimum amount of Rs. 5,000/-.
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