Deposit
Maximise your returns and earn
up to 9.40%* p.a.
(Inclusive of 0.50%* p.a. for senior citizens & 0.10%* p.a.
for women depositors)
**T&C Apply
Fixed Deposit
Shriram Unnati Fixed Deposit stands out as a dependable investment option in the market for its attractive interest rates and flexible tenure options. This Fixed Deposit is an ideal choice for investors seeking to achieve a variety of financial goals with the assurance of stability and growth. Whether you're planning for your child's education, your retirement, or simply looking to grow your savings, Shriram Unnati FD provides a secure and reliable pathway to financial success.
Investing in Shriram Unnati Fixed Deposit lets investors get up to 9.40%* p.a., (including an additional interest benefit of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors). Shriram FD ensures a smooth and customer-centric investment experience, thereby making it a lucrative option for securing your financial future
With a minimum deposit of just ₹5,000 and an easy online application process, Shriram FD is both convenient and accessible for all investors.
Quick Facts
Shriram Finance offers a range of FD tenures designed to suit both short-term and long-term financial goals. Whether you're looking to grow your wealth steadily over a few years or seeking a shorter-term commitment with competitive returns, our FD tenures provide the flexibility you need. With tenures ranging from as short as 12 months to as long as 60 months, you can choose the duration that aligns perfectly with your financial objectives. Additionally, selecting the right FD tenure can maximize your returns, thanks to Shriram Finance's attractive interest rates. Whether you're a first-time investor or a seasoned saver, our tailored FD tenures ensure your money works harder for you, offering stability and growth. Discover a smarter way to grow your savings with Shriram Unnati Fixed Deposit. Invest in Shriram FD and enjoy competitive interest rates and flexible schemes tailored to meet your financial goals
| Regular FD | Min. Investment Amount | Min. Investment Tenure | Max. Investment Tenure |
|---|---|---|---|
| Get up to 9.40%* p.a. FD interest rate (incl. an additional interest benefit of 0.50%* p.a. for senior citizens & 0.10%* p.a. for women depositors) | ₹5000 | 12 months | 60 months |
| Digital Only FD | Min. Investment Amount | Min. Investment Tenure | Max. Investment Tenure |
|---|---|---|---|
| Get up to 8.75%* p.a. FD interest rate (incl. an additional interest benefit of 0.50%* p.a. for senior citizens & 0.10%* p.a. for women depositors) | ₹5000 | 15 months | - |
| Jubilee FD | Min. Investment Amount | Min. Investment Tenure | Max. Investment Tenure |
|---|---|---|---|
| Get up to 9.40%* p.a. FD interest rate (incl. an additional interest benefit of 0.50%* p.a. for senior citizens & 0.10%* p.a. for women depositors) | ₹5000 | 50 months | - |
Fixed Deposit Interest Rates
Maximise your savings by investing in a Fixed Deposit with Shriram Finance, where you can take advantage of competitive FD interest rates. A Fixed Deposit is a reliable way to grow your savings, thanks to the power of compounding that allows your money to increase steadily over time. Secure your financial future by choosing to invest in Shriram Finance FD today and enjoy the peace of mind that comes with guaranteed returns. Start your journey to financial stability with a Fixed Deposit investment that works for you
While FD rates may vary amongst banks, NBFC, and other financial institutions, Shriram FD continues to be a preferred choice among conservative millennial investors seeking a predictable and stable income source.
Shriram Unnati Fixed Deposit Interest Rates for Cumulative Deposit Scheme (w.e.f. 9th April 2024)
Shriram Finance continues to offer a reliable investment option through its Unnati Fixed Deposit Scheme, tailored to meet the diverse needs of investors. As of 9th April 2024, the FD interest rates for the Cumulative Fixed Deposit Scheme have been revised, ensuring competitive returns on your investment. This FD scheme is designed to help investors grow their savings steadily over time, with the convenience of a single maturity payout that includes both principal and accrued interest. Whether you are a conservative investor seeking stability or looking to enhance your financial portfolio - explore the latest FD interest rates and see how Shriram Unnati FD can work for your financial aspirations.
| Period (Months) | Rate % (monthly) | Effective yield % p.a. | Maturity value for Rs. ₹ 5000/- |
|---|---|---|---|
| 12 | 7.59 | 7.85 | 5,392 |
| (Digital Only)15 | 7.87 | 8.24 | 5,515 |
| 18 | 7.73 | 8.16 | 5,612 |
| 24 | 7.87 | 8.49 | 5,849 |
| 30 | 8.05 | 8.88 | 6,110 |
| 36 | 8.38 | 9.49 | 6,423 |
| 42 | 8.42 | 9.75 | 6,706 |
| 50 (JUBILEE) | 8.47 | 10.10 | 7,107 |
| 60 | 8.47 | 10.50 | 7,625 |
Shriram Unnati Fixed Deposit Interest Rates for Non-Cumulative Deposit Scheme (w.e.f. 9th April 2024)
The Shriram Unnati Fixed Deposit Scheme continues to be a preferred investment option for those seeking consistent income through reliable interest payouts. With effect from 9th April 2024, Shriram Finance has updated the FD interest rates for its Non-Cumulative Deposit Scheme, offering investors enhanced returns across various tenures. This FD scheme is particularly beneficial for those looking for periodic interest payouts, providing the flexibility to receive returns on a monthly, quarterly, or half-yearly basis, thus catering to a wide range of financial needs and goals.
| Period (Months) | Rate % (monthly) | Quarterly % p.a. | Half-Yearly % p.a. | Yearly % p.a. |
|---|---|---|---|---|
| 12 | 7.59 | 7.63 | 7.71 | 7.85 |
| (Digital Only)15 | 7.87 | 7.92 | 8.00 | 8.15 |
| 18 | 7.73 | 7.77 | 7.85 | 8.00 |
| 24 | 7.87 | 7.92 | 8.00 | 8.15 |
| 30 | 8.05 | 8.10 | 8.18 | 8.35 |
| 36 | 8.38 | 8.43 | 8.52 | 8.70 |
| 42 | 8.42 | 8.47 | 8.56 | 8.75 |
| 50 (JUBILEE) | 8.47 | 8.52 | 8.62 | 8.80 |
| 60 | 8.47 | 8.52 | 8.62 | 8.80 |
Additional Benefits
- Senior Citizens: (Individuals over the age of 60 years): An additional interest of 0.50%* p.a.
- Women Depositor: An additional interest of 0.10%* p.a. exclusive for women depositors
- FD Renewal: An additional interest of 0.25%* p.a. is paid for renewals on maturity
Fixed Deposit Features and Benefits
Shriram Finance offers a range of features and benefits designed to meet the diverse financial goals of every investor. Our fixed deposits provide attractive interest rates, flexible tenure options, and the power of compounding, ensuring your savings grow steadily over time. Whether you're planning for future expenses or looking to build a strong financial foundation, Shriram Finance Fixed Deposits offer the stability and growth potential you need. Explore the features and benefits of Shriram Fixed Deposits today and take the first step towards a financially secure future.
Key Features
Attractive Interest Rates:
Shriram Unnati Fixed Deposit offers up to 9.40%* p.a. (incl. an additional interest benefit of 0.50%* p.a. for senior citizens & 0.10%* p.a. for women depositors) to maximize your returns
Special Interest Benefit for Senior Citizens and Women:
Senior citizens get an extra 0.50%* p.a. and women depositors get an additional 0.10%* p.a. on their fixed deposit.
Minimum Investment Amount:
Start investing in FD with a minimum of ₹5000 increasing in multiples of ₹1000.
Flexible Investment Tenure:
Choose from a variety of tenure options ranging from 12 to 60 months, tailored to fit your financial plans.
Cumulative and Non-Cumulative Schemes:
Opt for cumulative FD to grow your investment until maturity or non-cumulative for regular payouts. While non-cumulative schemes pay out interest regularly (monthly, quarterly, half-yearly, yearly) offering steady income, cumulative schemes prioritize long-term growth by reinvesting interest earnings. This compounding effect can significantly boost your returns at maturity.
Digital-Only FD:
Invest in 15-month Digital FD and get up to 8.75%* p.a. (incl. an additional interest benefit of 0.50%* p.a. for senior citizens & 0.10%* p.a. for women depositors) to earn quick FD returns.
Fixed Deposit Calculator
A Fixed Deposit Calculator is an essential tool for anyone looking to invest in a fixed deposit. It helps you accurately calculate the interest earned on your investment over a specified tenure. By simply entering the principal amount, interest rate, and tenure, you can instantly see how much your savings will grow. Whether you’re planning for short-term or long-term financial goals, the Fixed Deposit Calculator provides clarity and confidence, ensuring you make informed decisions. Our FD calculator is useful for comparing different FD schemes and choosing the one that best suits your financial objectives.
Key Features of the Fixed Deposit Calculator
- Get quick and accurate results based on the amount, interest rate, and tenure
- Easily compare potential FD returns from different FD schemes
- Helps you align your investments with your short-term and long-term financial goals
- Simple to use with sliders, clear and concise input fields for hassle-free calculations
Fixed Deposit Eligibility and Documents Required
To invest in a Fixed Deposit with Shriram Finance, you must meet certain eligibility criteria and provide the necessary documents. Typically, individuals above the age of 18, including NRIs* and minors* (under guardianship), are eligible to invest in a Fixed Deposit. The documents required for opening an FD include a valid ID proof such as an Aadhaar card, PAN card, or passport, along with address proof and passport-sized photographs. In some cases, additional documents may be needed for specific investor categories like NRIs, companies, HUFs, minors and more. By ensuring that you meet the eligibility criteria and have all the necessary documents ready, you can seamlessly invest in an FD and start earning returns.
Who can invest in Shriram FD
- Resident Individuals (Online and offline)
- Sole Proprietorship (Offline only)
- Partnership Firms (Offline only)
- Companies (Offline only)
- Hindu Undivided Family (Offline only)
- Trusts and Foundations (Offline only)
- NRIs (Offline Only)
- Unincorporated Association or Body of Individuals (Offline only)
Documents required for resident individuals (Online & Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) or Form No. 60 (if transaction amount is <=49,999/-) is mandatory
- ID proof & address proof (if CKYC no. is available and if the address in CKYC records is matching with that in the application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not contain the current address mentioned on the application form, then you are required to submit any one of the documents listed below – this will be treated as a deemed OVD for the limited purpose of proof of address.
A deemed OVD is valid for 3 months and investors should submit an updated OVD with current address.
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf. (In case of a minor – the cheque leaf should have the minor’s name)
- A copy of guardian’s PAN (in case of a minor) or Form 60 (If the transaction amount is <=49,999)
- Proof of date of birth
- Personal details - mobile no. & e-mail ID (for e- receipt) of applicants
- Form 15 G/H (if tax should not to be deducted
A duly filled and signed FD application form (except for deposits opened through digital mode). In case of a minor, the FD application form should be signed by the guardian.
Documents required for sole proprietorship (Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & address proof (if CKYC no. is available and if the address in CKYC records is matching with that in the application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of sole proprietorship
- Personal details - mobile no. & e-mail ID (for e- receipt) of applicants
- Any two documents in the name of proprietorship concern as a proof of business/activity
- Registration certificate/Udyam Registration Certificate (URC) issued by the government
- Certificate/license issued by the municipal authorities under the Shop & Establishment Act
- Income tax/GST returns
- GST certificate
- Importer Exported Code (IEC) issued to the proprietorship concern by the office of DGFT/licence/certificate of practice issued in the name of the proprietorship concern by any Professional Body incorporated under a statue
- Utility bill such as electricity, water and landline/telephone bills in the name of proprietorship concern
A duly filled and signed FD application form with the proprietor’s seal.
Documents required for partnership firms (Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & Address Proof (if CKYC no. is available and if the address in CKYC records is matching with that in application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of sole proprietorship
- Personal details - mobile no. & e-mail ID (for e- receipt) of applicants
- A duly signed copy of Firm’s PAN with seal
- Registration certificate (not mandatory)
- Partnership deed
- Partnership letter stating names of all partners and the mode of operation
- Proof of address of Firm - self attested with seal and principal place of business if it is different
- Beneficial ownership declaration signed by authorised signatory/ies as per mode of operation
A duly filled and signed FD application form with the Firm’s seal
Documents required for LLPs (Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & Address Proof (if CKYC no. is available and if the address in CKYC records is matching with that in application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of LLP
- Personal details - mobile no. & e-mail ID of authorised signatory/ies (if any)
- A duly signed copy of LLP’s PAN with seal
- Limited Liability Partnership (LLP) Agreement
- Certificate of Incorporation
- List of all partners of LLP with Designated Partner Identification number (DPIN) issued by central government (on the letter head of LLP)
- Latest board resolution with authorised signatory with mode of operation permitting investment, opening a deposit and claiming maturity
- Proof of address in the name of LLP
- Beneficial ownership declaration signed by authorised signatory/ies as per mode of operation
A duly filled and signed FD application form with the LLP’s seal
Documents required for public and private listed companies (Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & Address Proof (if CKYC no. is available and if the address in CKYC records is matching with that in application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of LLP
- A duly signed copy of company’s PAN with seal
- Personal details - mobile no. & e-mail ID of authorised signatory/ies (if any)
- Certificate of Incorporation (COI)
- Memorandum and Articles of Association (MOA & AOA)
- Latest board resolution with authorised signatory and their designation, mode of operation and their approval for permitting investments (opening a deposit and claiming maturity)
- List of directors with Director Identification Number (DIN)
- Proof of address in the name of company
- Beneficial ownership declaration signed by any two directors or company secretary or authorised signatories as per mode of operation (for unlisted public limited company and private limited company). In case of a foreign entity all authorised signatories should sign.
A duly filled and signed FD application form with the company’s seal
Documents required for Hindu Undivided Families (HUFs) (Offline)
KYC documents of Karta
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & Address Proof (if CKYC no. is available and if the address in CKYC records is matching with that in application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of HUF
- A duly signed copy of HUF’s PAN with seal
- Personal details - mobile no. & e-mail ID of authorised signatory/ies (if any)
- Declaration with Karta seal and signature along with signatures of all coparceners
- Form 15 G/H (if tax not to be deducted)
A duly filled and signed FD application form with the HUF’s seal
Documents required for Trusts/Foundations (Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & Address Proof (if CKYC no. is available and if the address in CKYC records is matching with that in application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of HUF
- A duly signed copy of Trust’s PAN with seal
- Personal details - mobile no. & e-mail ID of authorised signatory/ies (if any)
- Trust deed registration certificate (Certified by Registrar)
- Trust declaration form
- Document specifying the names of the beneficiaries, trustees, settler and authors of Trust
- Proof of address of Trust
- Beneficial ownership declaration signed by authorised signatories as per mode of operation
A duly filled and signed FD application form with the Trust’s seal
Documents required for Non-Resident Indians (NRI)/Person of Indian Origin (POI)/Overseas Citizen of India (OCI) (Offline Only)
- Recent Photograph
- PAN Copy – Self Attested
- A duly signed personalised cancelled cheque leaf (If the investor is a minor – then the cheque leaf should be of a minor).
- Proof of date of birth
- Personal details - Mobile No & e-mail ID (for e-receipt) of applicants
- Application form duly filled and signed. In case of minor, it should be signed by guardian.
- Passport – Mandatory – Self attested
- First and last page – Mandatory
- Immigration stamp page if person is present in India at the time of submitting documents
| Certified copy of documents | |
|---|---|
| If a person is present in India at the time of submitting documents: | If a person is not in India at the time of submitting documents: |
| Self-attested copy of Officially Valid Documents (OVD along with original authorised officer of SFL. | Self-attested copy of Officially Valid Documents (OVD) to be additionally certified by anyone of the following authority:
|
| To determine NRI/PIO/OCI status | If Indian Passport is submitted: Submit any one self-attested document as stated below
*Visa could be either in the passport or given separately or e-visa If Foreign Passport is submitted Submit any one self-attested document as stated below:
|
| Address Proof based on communication address in application form | If communication address is overseas address Submit any one self-attested document as stated below:
If communication address is Indian address Submit any one self-attested document as stated below:
|
If the submitted Officially Valid Document (OVD) with an Indian address does not match the current address provided in the application form, any of the following listed documents will be considered as deemed OVD for the limited purpose of address proof. If the customer submits a deemed OVD, they must provide the above OVD with their current address within 3 months of submitting the documents listed below
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile phone bill, piped gas, water bill)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders(PPOs) issued to retired employees by Government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, and leave & license agreements with such employers allotting official accommodation.
Tax Residency Certificate (TRC) for the IT Dept. of the country of which the investor is resident, Form 10F (to be obtained online from Income tax site post submitting the details), No PE Certificate (refer Annexure V for format), declaration to avail DTAA benefit if customer wants to avail tax benefit.
* Fixed Deposit from Non-Resident Indians are accepted by funds from Non-Resident Ordinary (NRO) bank account on non-repatriation basis provided that the amount deposited with the company does not represent inward remittance or transfer from NRE/FCNR (B) accounts into the NRO account in accordance with the provisions of the Master Direction – Non-Banking Financial Companies acceptance of public deposit (Reserve Bank) directions, 2016
- Fixed Deposit from Non-Resident Indians (NRI) are only accepted for a maximum period of 3 years
- The company does not accept deposit from foreign nationals except person of Indian origin
- Kindly note that NRIs can invest in Shriram FD only via Offline
Documents required for Unincorporated Association Or Body Of Individuals (Including unregistered Trusts/Partnership Firms (Offline)
KYC documents
- Latest photograph
- A copy of Permanent Account Number (PAN) is mandatory or Form No. 60 (if transaction amount is <=49,999/-)
- ID proof & Address Proof (if CKYC no. is available and if the address in CKYC records is matching with that in application form, then address proof is not required)
Any Officially Valid Documents (OVD) from the list below
- Passport
- Aadhaar Card
- Driving License
- Voter ID
- Job card issued by NREGA duly signed by an officer of the state government
- Letter issued by the National Population Register containing details of name and address
Note: If the submitted OVD does not have the current address mentioned on the application form, then you are required to submit any one of the documents listed below– this will be treated as a deemed OVD for the limited purpose of proof of address. A deemed OVD is valid for 3 months and investors who have submitted a deemed OVD at the time of investing should submit
an updated OVD with current address
- Utility bill in the name of customer, which is not more than two months old of any service provider (electricity, telephone, postpaid mobile, piped gas, water)
- Property or municipal tax receipt
- Pension or family Pension Payment Orders (PPOs) issued to retired employees by government departments or public sector undertakings, if they contain the address
- Letter of allotment of accommodation from employer issued by state government departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions and listed companies, leave & license agreements with such employers allotting official accommodation
Additional documents
- A duly signed personalised cancelled cheque leaf in the name of the Association with seal
- A duly signed copy of Association’s PAN with seal
- Personal details - mobile no. & e-mail ID of authorised signatory/ies (if any)
- Latest Resolution of Association with authorised signatories and mode of operation permitting Investment, opening a deposit and claiming maturity.
- List of current members on the company letterhead
- Power of Attorney granted to transact on its behalf
- Copy of address in the name of Association or Body of Individuals.
- Signed personalised cancelled cheque leaf in the name of Association and with seal
- Copy of registration certificate if registered
- Byelaws or Rules in case of Societies
- Beneficial Ownership Declaration signed by authorised signatories as per mode of operation
How to Invest in a Fixed Deposit Online?
Investing in Shriram Unnati Fixed Deposit online is quick and convenient. Follow these simple steps:
- Step 1Register using your mobile number
- Step 02Enter the investment amount, tenure and PAN details
- Step 3Upon payment completion, proceed to enter your KYC and bank details
- Step 4Receive fixed deposit acknowledgement
How to Renew your Fixed Deposit?
Renewing your Shriram Unnati Fixed Deposit is a simple and hassle-free process. Follow these steps to continue enjoying attractive FD returns:
Step 1: Sign in to your Shriram Finance Customer portal.
Step 2: Navigate to “Renew Your Fixed Deposit” and select the FD investment that you wish to renew.
Step 3: Upon verifying the necessary details, such as the FD account number, rate of interest, maturity date, and bank account information, click on “Proceed.”
Step 4: Next, choose your FD investment amount and tenure.
Step 5: Review and confirm the terms of the renewed fixed deposit investment and click on “Confirm.”
Step 6: Once the renewal process is complete, you will receive confirmation of the renewed FD along with the updated details.
By following these steps, you can effortlessly renew your fixed deposit and continue to benefit from attractive interest rates and secure returns.
Fixed deposit FAQs
What is a fixed deposit and how does it work?
FD is a type of investment in which an individual invests a lump sum amount for a fixed period at a predetermined rate of interest. You earn interest on your FD over this period and the interest is paid out at regular intervals or at maturity, depending on the FD scheme type.
Why choose our Fixed Deposit (FD)?
Shriram Unnati Fixed Deposit offers interest rates up to 9.40%*p.a. (inclusive of 0.50%*p.a. special interest benefit for senior citizens and 0.10%*p.a. for women depositors) with tenures ranging from 12 to 60 months.
What is the minimum and the maximum tenure for a fixed deposit?
Shriram Unnati Fixed Deposit offer flexible investment tenures ranging from 12 to 60 months.
What is the minimum amount for investing in a Shriram FD?
The minimum investment required for a Shriram Unnati Fixed Deposit is ₹5,000.
Can I get monthly interest on FD?
Yes, Shriram Unnati Fixed Deposit offers interest payout at regular intervals, such as monthly, quarterly, half-yearly or annually upon opting for non-cumulative deposit scheme.
How can I invest in a Shriram Unnati Fixed Deposit?
To invest in a Shriram Unnati Fixed Deposit, visit the Shriram Finance website or app, fill in your details, choose your investment amount and tenure, and complete the payment. You can also visit a nearby branch for in-person assistance.
What is the difference between a Non-Cumulative deposit and a Cumulative deposit?
The key difference between cumulative and non-cumulative deposit is that in a non-cumulative deposit, the interest earned is paid out periodically. In a cumulative deposit, the interest is added to the principal, and the total amount is paid at maturity.
What if one loses the FD Receipt / Interest warrant?
In case of a lost fixed deposit receipt or interest warrant, kindly contact our nearest branch immediately. Alternatively, you may contact our customer service 18001034959.
How to calculate FD interest online?
Use our FD calculator to calculate the estimated FD interest amount. Enter your investment amount, tenure and payout option to get an estimate online. It's quick, accurate, and accessible anytime.
What is the interest earned on investing 1 lakh in fixed deposits?
Investing ₹1 lakh in Shriram Unnati fixed deposits earns competitive interest, varying with the tenure and rate.
For precise figures make use of our online calculator and get an instant estimate. Typically, longer tenures yield higher FD returns.
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
