The steepest cut of 40 bps has been made in the 36–60 month FD tenure, where the rate has dropped from 8.00% to 7.60% per annum.
Shriram Finance, a non-banking financial company (NBFC), has reduced interest rates on its fixed deposits (FDs) and fixed investment plans (FIPs) by up to 40 basis points (bps) across various tenures. The revised rates came into effect on August 5.
The steepest cut of 40 bps has been made in the 36–60 month FD tenure, where the rate has dropped from 8.00% to 7.60% per annum. Other maturities have seen reductions ranging from 25 to 35 bps.
Revised FD rates from August 5
| Existing Tenure | Revised Tenure | Previous Rate (% p.a.) | New Rate (% p.a.) |
| 12 months | 12 months | 7.35% | 7.00% |
| 15 months (Digital Only) | 15 months (Digital Only) | 7.50% | 7.25% |
| 18 months | 18 – 23 months | 7.40% | 7.15% |
| 24 months | 24 – 35 months | 7.50% | 7.25% |
| 36 months | 36 – 60 months | 8.00% | 7.60% |
Shriram Finance continues to offer additional interest rate benefits:
- Senior citizens (aged 60 and above): +0.50% p.a.
- Women depositors: +0.05% p.a.
- Renewals of matured FDs: +0.15% p.a.
- Deposits above ₹10 crore: Customised rates, subject to RBI’s rate cap guidelines.
Revised FIP rates from August 5
| Tenure Range | Previous Rate (% p.a.) | New Rate (% p.a.) |
| 12 – 23 months | 7.35% | 7.00% |
| 24 – 35 months | 7.50% | 7.25% |
| 36 – 48 months | 8.00% | 7.60% |
Additional FIP benefit:
- Women depositors will continue to receive an extra 0.05% p.a.
- Other terms and conditions of the FIP remain unchanged.
Shriram Finance’s fixed deposits hold credit ratings of [ICRA]AA+ (Stable) and IND AA+/Stable, indicating a high degree of safety. The deposits are accepted in multiples of ₹1,000, with a minimum investment of ₹5,000.
First Published: Aug 5, 2025 1:23 PM IST
