Invest a minimum of ₹5000 in Shriram Unnati FD
Features and Benefits of Fixed Deposit
Shriram Unnati Fixed Deposit offers attractive returns with interest rates up to 9.40%* p.a., including an additional 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors. With flexible tenure options ranging from 12 to 60 months, this fixed deposit meets diverse investment needs. Accredited with "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research, Shriram Unnati Fixed Deposit is recognised as a reliable choice.
A minimum investment of ₹5000 is all it takes to start growing your wealth. Begin your investment journey today and make the most of these fixed deposit benefits.
What Are the Features of a Fixed Deposit?
Shriram Unnati Fixed Deposit is a popular investment choice due to its attractive features. Some of them are:
Higher Interest Rates
Shriram Unnati Fixed Deposit offers higher returns of up to 9.40%* p.a. inclusive of a special interest benefit of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors.
Flexible Tenure Options
Choose from a range of tenures starting from 12 months and going up to 60 months to suit your financial goals.
Reliable Investment
Shriram FD is backed by strong credit ratings from ICRA and India Ratings and Research such as "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable."
Minimum Investment Amount
The minimum amount required to open a Shriram Unnati Fixed Deposit is ₹5000.
Customised Pay out Options
Shriram Unnati FDs offer two types of fixed deposit pay-out options- cumulative (interest compounded until maturity) and non-cumulative (interest paid as regular pay outs: monthly, quarterly, half-yearly, or annually).
Goal-based Planning
You may opt for a cumulative scheme if you have goals that need funding after a few years. If you are looking towards a regular pay out option a non-cumulative scheme offers a good avenue.
Manage Multiple FDs
One of the important fixed deposit benefits is you can open multiple fixed deposit accounts and manage all your finances with ease.
Convenient Online Process
Open a Shriram Fixed Deposit online in just four easy steps. Conveniently invest from anywhere with the online application.
Advantages of Fixed Deposits
When planning to invest, it is essential to consider both the potential returns, and the level of risk involved. Fixed Deposits (FDs) offer a balanced option for those seeking consistent returns without the need for constant market monitoring.
Here is how FDs can be advantageous compared to other investment options:
Consistent Earnings
FDs provide reliable returns, helping investors plan their finances without worrying about market volatility, unlike stocks or mutual funds where returns fluctuate.
No Market Influence
The returns on FDs are not impacted by market trends, making them ideal for those who prefer a predictable outcome.
Additional Interest Rate for Senior Citizens
Senior citizens enjoy an additional interest rate of 0.50%* p.a. over and above regular FDs, enabling customers to earn higher interest rates.
Flexible Tenure Options
FDs offer a range of tenure options, allowing you to choose a period that aligns with their financial goals, unlike some investments that may require a longer commitment.
Simple Process
The process of investing in FDs is straightforward, requiring minimal documentation and effort, making it accessible even for first-time investors.
The Role of Fixed Deposit in Your Investment Portfolio:
Fixed deposits are a valuable part of a strong financial plan. FDs offer steady returns which help balance the potential risks associated with market fluctuations on other investments. This makes them a good choice for anyone looking forward to forming a well-diversified financial portfolio.
Fixed deposits play an important role in an investment portfolio by offering a reliable method of preserving capital and earning returns. They provide a predictable income stream, which can help balance the overall risk of other investments. As part of a diversified financial strategy, fixed deposits contribute to stability and can support a range of financial goals. The advantages of making a fixed deposit investment are as follows:
Balance Risk and Return
Including fixed deposits in a diversified investment portfolio helps balance risk and return. Equities may offer higher returns, but fixed deposits provide consistent returns. This combination enhances the overall portfolio strategy by aligning growth opportunities with risk management.
Positive Net Value of the Portfolio
Fixed deposits provide consistent returns, unlike market-linked investments that can vary with market conditions. This fixed deposit feature ensures that the overall value of the investment portfolio remains positive, providing a counterbalance during periods of market volatility.
Suitable for Short-term Goals
Fixed deposits with shorter tenures are effective for meeting short-term financial objectives. They provide a reliable means to save for planned expenses, such as a vacation or a significant purchase, while ensuring the invested amount remains intact and earns a return.
FAQs
What is a fixed deposit and what are its benefits?
A Fixed Deposit (FD) is an investment option where a lump sum amount is deposited for a chosen period. In return, you earn a fixed interest rate on your money. A list of fixed deposit benefits would include:
Reliable and higher returns
Fixed interest rates
Flexible tenure
Easy account opening process
Why invest in fixed deposits?
The advantages of fixed deposits are that it helps form a balanced portfolio while providing several benefits such as stable returns, flexible tenure, competitive interest rates on investments, etc.
Can I invest ₹10 lakhs in a fixed deposit?
Yes, you can invest ₹10 lakhs in a fixed deposit and benefit from the various advantages of making a fixed deposit investment. Invest in Shriram FD with a minimum of ₹5000, a maximum of ₹10 crore, in multiples of ₹1000.
What is the maximum and minimum tenure I must invest in a fixed deposit?
At Shriram Finance, the minimum and maximum tenure for fixed deposit ranges from 12 months to 60 months.
How much of a loan can I avail of through an FD?
You can avail up to 75%* of the fixed deposit amount as a loan, subject to terms and conditions.
How many years will it take for an FD to double?
With current interest rates, a fixed deposit typically doubles in approximately 9 to 9.5 years. This may vary based on changes in interest rates and terms.
Is FD better than other investments?
The primary advantage of fixed deposits is their reliability as an investment option, unaffected by market volatility. They are well-suited for investors seeking consistent returns. While other investment avenues might offer higher growth potential, they come with increased risk. The suitability of fixed deposits largely depends on an individual's financial goals and risk tolerance.
Disclaimer
With regards to deposit taking activity of Shriram Finance Limited (’SFL’), viewers may refer to detailed information and T&C provided in our application form available at FD form download. The Company is having a valid Certificate of Registration dated 31st January 2023 issued by the Bank under section 45-IA of the RBI Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.
Maximise savings with a Fixed Deposit
- Home
- Investments
- Fixed Deposit
- Features and Benefits
