Shriram Finance FD rates have been increased by 5 to 25 basis points across select tenures, with the revised FD interest rates taking effect from July 2, 2026. The highest rate now stands at 7.50% for deposits with tenures of 36 to 60 months, while senior citizens, women depositors, and renewing customers continue to receive additional interest benefits.
Key Overview
- Shriram Finance raised FD rates by 5–25 basis points.
- Revised rates became effective on July 2, 2026.
- The maximum interest rate increased to 7.50%.
- Deposits up to ₹10 crore qualify for the revised rates.
- Senior citizens receive an additional 50 basis points.
- Women depositors receive an additional 5 basis points.
- The company maintains a AAA/Stable credit rating.
Shriram Finance FD Rates Increased by Up to 25 Basis Points Across Select Tenures
Shriram Finance has revised its FD interest rates, increasing returns by 5 to 25 basis points across select tenures as competition for deposits continues within India’s financial sector.
The revised Shriram Finance FD rates became effective on July 2, 2026, with the highest interest rate now reaching 7.50% on fixed deposits of 36 to 60 months for deposits of up to ₹10 crore.
The increase comes as financial institutions continue adjusting deposit offerings to attract long-term savings amid evolving interest rate expectations and growing competition for retail deposits.
Highest FD Rate Now Stands at 7.50%
Following the revision, Shriram Finance now offers its highest standard interest rate of 7.50% on deposits with tenures ranging from 36 to 60 months, compared with the previous rate of 7.25%.
Other revised deposit rates include:
| Deposit Tenure | Previous Rate | Revised Rate |
| 12 months | 6.75% | 6.85% |
| 24–35 months | 7.05% | 7.10% |
| 36–60 months | 7.25% | 7.50% |
The revised rates apply to deposits of up to ₹10 crore, making them suitable for both retail investors and high-net-worth individuals seeking fixed-income investment opportunities.
Fixed Investment Plan Also Updated
Shriram Finance has also revised interest rates under its Fixed Investment Plan (FIP).
Under the updated schedule:
- Deposits with 36–48 month tenures now earn 7.50%, up from 7.25%.
- Shorter-tenure FIP deposits received increases of up to 10 basis points.
The revisions strengthen the company’s range of fixed-income products while giving investors more options across different investment horizons.
Additional Benefits Remain Available
Beyond the revised base rates, Shriram Finance continues to offer additional interest incentives to specific customer groups.
Eligible customers can receive:
- 50 basis points extra for senior citizens.
- 5 basis points extra for women depositors.
- 15 basis points extra for customers renewing matured deposits.
Women investors participating through the Fixed Investment Plan also continue receiving the additional 5 basis point benefit.
These incentives can further enhance effective returns depending on customer eligibility.
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Deposit Competition Continues Across India
The latest increase reflects ongoing competition among banks and non-banking financial companies (NBFCs) to attract retail deposits.
Although the Reserve Bank of India has maintained its policy rates in recent months, financial institutions continue adjusting deposit pricing as they compete for stable funding.
Higher deposit rates help financial institutions mobilise long-term funds needed to support lending while offering savers more attractive fixed-income investment opportunities.
Several Indian lenders have introduced or revised deposit products during recent months, highlighting continued demand for retail savings.
Strong Credit Rating Supports Investor Confidence
Shriram Finance currently holds a AAA/Stable credit rating from leading agencies including:
- CRISIL
- ICRA
- India Ratings
- CARE Ratings
A AAA rating represents the highest level of credit quality and indicates that the company has a very strong capacity to meet its financial obligations, including interest payments and principal repayment to depositors.
For many investors, this high credit profile provides additional confidence when considering long-term deposits with the company.
Understanding the Difference Between NBFC and Bank Deposits
Despite its strong credit ratings, Shriram Finance remains a non-banking financial company (NBFC) rather than a commercial bank.
This distinction is important because NBFC fixed deposits are not covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Bank deposits in India currently receive DICGC insurance protection of up to ₹5 lakh per depositor per bank, whereas NBFC deposits do not enjoy this government-backed insurance.
As a result, investors often evaluate both the higher interest rates and the issuer’s financial strength before investing in NBFC deposits.
Highly rated NBFCs such as Shriram Finance generally offer slightly higher yields than many traditional bank fixed deposits to compensate for this additional risk.
What Higher FD Rates Mean for Investors
The revised deposit interest rates may appeal to investors seeking predictable income during periods of economic uncertainty.
Longer-tenure deposits offering 7.50% can provide stable returns for individuals prioritising capital preservation and fixed income over market-linked investments.
Senior citizens and women depositors may benefit even further through the additional interest incentives, increasing their effective annual returns.
However, investors should consider factors such as liquidity needs, investment horizon and overall portfolio diversification before committing funds to long-term fixed deposits.
Conclusion
The latest increase in Shriram Finance FD rates strengthens the company’s position in India’s competitive fixed deposit market. By raising rates across select tenures while maintaining attractive incentives for senior citizens, women and loyal customers, Shriram Finance continues to enhance its appeal among income-focused investors.
Combined with its AAA/Stable credit ratings, the revised deposit rates offer competitive returns for investors comfortable with NBFC deposits, although the absence of DICGC insurance remains an important consideration when comparing them with traditional bank fixed deposits.
FAQs
1. What is the highest Shriram Finance FD interest rate currently available?
Following the latest revision effective from July 2, 2026, Shriram Finance now offers a maximum standard interest rate of 7.50% on fixed deposits with tenures ranging from 36 to 60 months for deposits of up to ₹10 crore. Eligible customers such as senior citizens, women depositors and customers renewing matured deposits may earn even higher effective returns through additional interest benefits provided by the company.
2. Why has Shriram Finance increased its fixed deposit rates?
Shriram Finance raised its fixed deposit rates as financial institutions across India continue competing to attract customer deposits. Stable deposits provide an important source of funding for lending activities, and higher interest rates help NBFCs remain competitive against banks and other financial institutions. The revision also comes despite the Reserve Bank of India maintaining policy rates, reflecting continued competition in the retail savings market.
3. Are Shriram Finance fixed deposits safe?
Shriram Finance holds AAA/Stable credit ratings from major agencies including CRISIL, ICRA, India Ratings and CARE, indicating a very strong ability to meet its financial commitments. However, investors should remember that Shriram Finance is an NBFC rather than a bank, meaning its deposits are not covered by DICGC insurance. While the company’s strong credit profile offers reassurance, investors should always assess their individual risk tolerance before investing.
4. Who qualifies for additional interest on Shriram Finance fixed deposits?
Shriram Finance offers several additional interest benefits beyond its standard FD rates. Senior citizens receive an extra 50 basis points, women depositors receive an additional 5 basis points, and customers renewing matured deposits earn an extra 15 basis points. Women investing through the Fixed Investment Plan continue receiving the additional 5 basis points, making these products particularly attractive for eligible investors seeking higher fixed-income returns.
Sources: Business Standard, United News of India, Whales Book, Smart Investment
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