7 hrs ago

Shriram Finance Raises Fixed Deposit Rates to 7.85%

Shriram Finance has increased the interest rates it offers on some fixed deposits.

The new rates begin on October 11, 2026.

The highest listed rate is 7.85% a year for deposits kept for 36 to 60 months.

A special 15-month deposit that can be opened digitally now offers 7.50%.

Some depositors may receive extra interest: senior citizens, women, and people renewing matured deposits.

Deposits must be at least ₹5,000 and are accepted in multiples of ₹1,000.

The revised rates apply to deposits up to ₹10 crore.

The company also announced changes to its Fixed Investment Plan, but the release did not give the revised rates.

Key facts

Highest revised FD rate: 7.85% per annum for 36–60-month deposits, up from 7.50%.
15-month digital-only rate: 7.50%, up from 7.10%.
Effective date: October 11, 2026.
Senior citizen benefit: An additional 0.50 percentage points per annum for depositors aged 60 or above at deposit or renewal.
Other additional benefits: Women depositors: 0.05 percentage points; renewals of matured deposits: 0.15 percentage points per annum.
Deposit amount conditions: Minimum ₹5,000, in multiples of ₹1,000; revised rates apply to deposits up to ₹10 crore.
Fixed Investment Plan: Revised rates were announced as effective October 11, but the press release did not specify the rates.

businesstoday.in · 21 hrs ago