Mumbai, October 09, 2026: Shriram Finance Limited (SFL), the flagship company of the Shriram Group, has announced a revision in interest rates for its fixed deposit (FD) schemes across various maturity tenures, with the new rates set to take effect from October 11, 2026.
The revised rates apply to deposits up to Rs. 10 crore and cover a range of tenures. For 12-month deposits, the rate has been increased from 6.85% to 7.00% per annum. The 15-month digital-only FD will now offer 7.50%, up from 7.10%. Deposits with tenures between 18 and 23 months will see rates rise from 7.05% to 7.25%, while those between 24 and 35 months will increase from 7.10% to 7.50%. The rate for deposits with tenures of 36 to 60 months has been raised from 7.50% to 7.85%.
Additional benefits for depositors
Senior citizens aged 60 years or above at the time of deposit or renewal are eligible for an additional 0.50% per annum. Women depositors will receive an extra 0.05% per annum, and renewals of matured deposits will attract an additional 0.15% per annum. Deposits are accepted in multiples of Rs. 1,000, with a minimum amount of Rs. 5,000.
Revised rates for Fixed Investment Plan
The company has also revised rates for its Fixed Investment Plan (FIP), effective October 11, 2026. Women depositors under the FIP will continue to receive an additional 0.05% per annum, while other terms and conditions remain unchanged.
Credit ratings and company background
SFL’s fixed deposits are rated “CRISIL AAA/Stable” by CRISIL Ratings, “[ICRA]AAA (Stable)” by ICRA, “IND AAA/Stable” by India Ratings and Research, and “CARE AAA/Stable” by CARE Ratings.
Shriram Finance Limited is the flagship company of the Shriram Group, operating in the financial services sector.
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