If you are planning to invest in a fixed deposit (FD), there is good news for you. Shriram Finance has increased its FD interest rates, offering better returns to investors.
The new rates came into effect on July 2, 2026. Depending on the tenure, interest rates have been increased by 5 to 25 basis points (bps).
The move is aimed at attracting more deposits and giving investors better returns on their savings.
New FD Interest Rates Explained
Under the revised rates, investors can now earn up to 7.50% annual interest on FDs with tenures ranging from 36 to 60 months. Earlier, these deposits offered 7.25% interest.
Here are the updated rates:
12-month FD: 6.85% interest per year
24 to 35 months FD: 7.10% interest per year
36 to 60 months FD: Up to 7.50% interest per year
The new rates are applicable on deposits of up to ₹10 crore.
The company has also increased returns on Fixed Investment Plans (FIPs). FIPs with a maturity period of 36 to 48 months will now offer interest rates of up to 7.50%.
Extra Benefits for Senior Citizens and Women
Shriram Finance has retained the additional benefits offered to special categories of investors.
Senior citizens will continue to get an extra 0.50% (50 basis points).
Women investors will receive an additional 0.05% (5 basis points).
Customers who renew their old FDs after maturity will get an extra 0.15% (15 basis points).
These extra benefits can help investors earn even higher returns on their deposits.
Why Did Shriram Finance Increase FD Rates?
Competition for deposits has increased sharply among banks and non-banking financial companies (NBFCs). To attract more customers, many financial institutions are offering better interest rates.
Shriram Finance’s latest move is part of this growing competition in the deposit market.
Things to Check Before Investing in an FD
A higher interest rate is attractive, but it should not be the only factor when choosing an FD.
Before investing, make sure you consider:
The company’s credibility and financial strength.
The investment period that suits your goals.
Your liquidity needs and future financial plans.
For investors looking for safe and stable returns, the latest FD rates from Shriram Finance could be an attractive option, especially for senior citizens and women who can enjoy additional benefits.
