This move follows a broader trend among banks and financial institutions responding to the Reserve Bank of India’s (RBI) monetary policy stance. Several banks have recently lowered interest rates on FDs and savings accounts, indicating a shift in the interest rate cycle.
FD rates will be reduced by 30 to 40 basis points across most tenures. The interest rate for a 12-month deposit will fall from 7.65% to 7.35% per annum. The 15-month digital-only FD will now offer 7.50%, down from 7.90%.
Longer tenures such as 36, 50, and 60 months will earn 8.00% per annum, compared to the earlier 8.40%.Revised FD rates (w.e.f. June 26, 2025):
| Tenure | Existing Rate | Revised Rate |
| 12 months | 7.65% | 7.35% |
| 15 months (Digital only) | 7.90% | 7.50% |
| 18 months | 7.80% | 7.40% |
| 24 months | 7.90% | 7.50% |
| 36/50/60 months | 8.40% | 8.00% |
Shriram Finance will continue to offer:
- 0.50% p.a. additional interest for senior citizens
- 0.05% p.a. additional benefit for women depositors (revised)
- 0.15% p.a. additional interest on renewal of matured deposits (revised)
Deposits above ₹10 crore may attract different rates within RBI-specified limits.
Fixed investment plan (FIP) rates also to be cut
Shriram Finance will also revise rates under its Fixed Investment Plan (FIP), available only through the ‘Shriram One’ app and website. Rates will now range between 7.35% and 8.00% depending on tenure.
| Tenure | Existing Rate | Revised Rate |
| 12–23 months | 8.50% | 7.35% |
| 24–35 months | 8.75% | 7.50% |
| 36–48 months | 9.00% | 8.00% |
Women investing in FIP will continue to receive a 0.05% p.a. extra benefit. Other FIP terms remain unchanged.
