Shriram Finance Ltd
Shriram Finance Ltd
Powered by Shriram Finance
AA+
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Overview
Interest Rates7.59% - 9.30% p.a
Tenure12 months - 60 months
Min. InvestmentRs. 5000.0
Lock in3 months
Senior Citizen Benefit
Individuals above the age of 60 are eligible to receive an extra 0.5% (over and above the standard rate).
Interest Rate Comparison
Shriram FD gives the highest interest rate compare to bank FD's
Interest rate(%)
9.3%
Shriram Finance LtdShriram Finance Ltd
7%
HDFC Bank FDHDFC Bank FD
7%
ICICI FDICICI FD
3.5%
Savings AccountSavings Account
About Shriram Finance
Shriram Finance Ltd is an RBI authorized non banking financial company (NBFC) licensed to take fixed deposits. Just like a bank, Shriram raises money via fixed deposits and lends this money as loans and earns the differential in between as profits. They have over 1 million + customers and manage an AUM of more than Rs. 1.77 lac crore. Read more
Why should you invest ?
Highest FD Returns amongst all NBFCs
Higher return than savings account, liquid funds and all other FDs
Company Has Never Defaulted
They started operations in 1978 and have never defaulted on any payment ever.
Experienced and Ethical Management
The leaders have successfully sailed through all the financial crisis with over 40 years of experience.
Trusted by over 2 crore Indians
2 crore Indians trust Shriram with their hard earned money
Highest Possible Safety Rating
CRISIL AA+/Stable is the FD rating which is the highest possible credit rating
Seasoned Leadership
Umesh G Revankar, A Harvard alumni with 28 years+ experience in finance industry
Frequently Asked Questions
Shriram Finance Ltd is an RBI authorized non-banking financial company (NBFC) licensed to take fixed deposits. Just like a bank, Shriram raises money via fixed deposits and lends this money as loans to those who need it and earn the differential in between as profits. Shriram Finance is one of the oldest and highly trusted companies in the country. They are one of the largest players of commercial vehicle financing.
There are institutions and companies apart from banks that are allowed to raise money via a fixed deposit called non banking finance companies. Shriram Finance Company Ltd is an RBI authorized non-banking financial company (NBFC) licensed to take fixed deposits. These deposits are called Corporate FDs.
Corporate FDs offer you a higher rate of interest compared to most bank FDs. Rates of most bank FDs barely beat inflation.
The short answer is yes. Shriram Finance FD has been rated CRISIL AA+/Stable (2nd highest rating). INDmoney uses a very powerful AI tool called INDprotect to analyze the risk of a company. The AI model assigns a simple rating of low, moderate and high risk to each of these FD companies. We have done the research so that you don't have to. Our model currently indicates a Green rating on the FD.
There is a lock-in period of 3 months during which you are not allowed to withdraw your fixed deposit. Post this 3-month lock-in, you can withdraw it anytime. Just write us on support@indwealth.in and we will get it withdrawn for you within 5 working days.
There is no penalty charged on your principal in case of a premature withdrawal. However, a revised interest rate will be applied to calculate the total interest. The revised interest rate structure will be as follows:
0-3 months: Not allowed to withdraw
3-6 months: 0%
After 6 months but before the date of maturity - The interest payable shall be 2% lower than the interest rate applicable to a public deposit for the period for which the public recurring deposit has run
Book your Fixed Deposit for higher interest rates upto 9.30%p.a
Fix your deposits with flexible plans of 1 year, 3 year and 5 year at best available interest rates
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