Mumbai, 1 July 2026 (BFN Bureau): Shriram Finance Limited has announced new interest rates for its Fixed Deposits (FDs), effective from July 2, 2026. The revised rates apply to various maturity periods and aim to enhance returns for investors.
Investors can expect a slight increase in rates across most tenures. For instance, the interest rate for a 36 to 60-month deposit will rise from 7.25% to 7.50%. This change reflects the company’s commitment to providing competitive returns.
Details of the Revised Rates
Deposits of up to ₹10 crore will see the following changes: the 12-month rate increases from 6.75% to 6.85%, while the 15-month digital-only option will rise from 7.05% to 7.10%. Additionally, senior citizens will benefit from an extra 0.50% interest, and women depositors will receive an additional 0.05%.
Importance for Investors
The new rates come as a response to market conditions and aim to attract more investors. Fixed Deposits are a popular choice for those seeking stable returns, especially in uncertain economic times. The ratings from CRISIL, ICRA, and others underscore the reliability of these deposits.
What This Means For You
For individual investors, these revised rates offer a chance to earn more on their savings. If you are considering a Fixed Deposit, now might be a good time to lock in these higher rates.
Key Takeaways
- New FD interest rates effective from July 2, 2026.
- Rates for 36 to 60-month deposits increase to 7.50%.
- Additional benefits for senior citizens and women depositors.
