FIP
Open Fixed Investment Plan Online
By continuing, you agree to the Terms and Conditions of Shriram Finance and authorize our representatives to Call/Email/SMS/WhatsApp you regarding your application. Digital Fixed Investment Plan Booking is applicable for Resident Indians Only.
Fixed Investment Plan Overview
Shriram Finance Fixed Investment Plan combines the stability of fixed returns with a flexible monthly savings plan. Start an FIP with as little as ₹1,000 per month. We offer flexible installment options ranging from 12- 48 months and fixed investment tenure ranging from 23 to 59 months inclusive of the maturity period that gives fixed investment returns with interest rates ranging up to 9.10%* p.a. Secure your financial well-being by investing your monthly savings in Fixed Investment Plan.
Fixed Investment Plan Features and Benefits
Trusted by millions of customers, Shriram Fixed Investment Plan can yield you remarkable returns on your investment
Earn as high as 9.10%* p.a.
Unlock the potential to earn interest rates up to 9.10%* p.a. with our Fixed Investment Plan. Get attractive returns on your investment.
Flexible Instalment Options
Choose from flexible instalment options from 12 to 48 months to suit your financial goals and aspirations.
Diverse Tenure Options
Fixed Investment Plan tenure options ranges from 23 to 59 months, offering diverse investment durations.
Flexibility to Convert into FD
Investors have the option to either convert their FIP into an FD (Fixed Deposit) or redeem the full amount on maturity.
Security and Credibility
Rest assured with a higher credit rating of "[ICRA]AA+ (Stable)" by ICRA and Rated "IND AA+/Stable" by India Ratings and Research.
View How Your FIP Investment Works
Raju chooses an FIP instalment period of 22 months and pays his monthly instalments diligently during this period.
In addition to crediting interest for the instalment period of 22 months, Shriram Finance also offers an additional 12-month maturity period from the last instalment due date for the investment with the same interest rate.
Raju benefits from the interest on his investment for 33 months, even though he has made instalment payments for just 22 months showcasing a favourable return on his investment.
Fixed Investment Plan Calculator
Calculate your Fixed Investment Plan earnings online with our FIP calculator
Investment Summary
Interest Rate %
FIP
Interest Earned
How to Invest in a Fixed Investment Plan?
Invest in a Fixed Investment Plan Online in 4 simple steps.
Step 01
Enter using your mobile numberStep 02
Enter PAN details , Monthly Instalment Amount and choose your Number of InstalmentsStep 03
Complete your payment and proceed to verify your KYC and bank detailsStep 04
Receive the Fixed Investment Plan receipt and maximise your returns
Fixed Investment Plan Eligibility
Know your Fixed Investment Plan eligibility criteria
Resident (Online and Offline)
Note: This plan is open to Resident Individual Depositors (Individual, Minor and Senior Citizen) only
Fixed Investment Plan Interest Rates
Check out the latest interest rates on Shriram Fixed Investment Plan.
Interest Rates
Interest Rates up to
9.10%* p.a.Including 0.10%* p.a. for Women
INTEREST RATES-ON DIGITAL FIXED INVESTMENT PLAN (FIP) (w.e.f 22nd April 2024 )
| FIP Instalments | Interest Rate % |
|---|---|
| 12-23 | 8.50% * p.a. |
| 24-35 | 8.75% * p.a. |
| 36-48 | 9.00% * p.a. |
Additional interest of 0.10%* p.a. will be paid to Women Depositors.
FAQs
How much should I invest in a Fixed Investment Plan (FIP)?
Fixed Investment Plan can be started with a minimum investment of ₹1000 which can thereby be increased in multiples of ₹500 ranging up to a maximum of ₹1 Crore.
What are the benefits of investing in a Fixed Investment Plan (FIP)?
Features and Benefits of Fixed Investment Plans are:
It is a high return investment with interest ranging up to 9.10%* p.a.
Provides assured returns, regardless of market fluctuations.
It has flexible investment instalment option made available for the depositors to choose from 12 to 48 Nos with the tenure of 24 to 59 months for the maturity.
Investors can invest as little as ₹1,000 per month.
How to close my Fixed Investment Plan (FIP) account?
To close your Fixed Investment Plan account, contact your financial institution or investment provider and follow their specific account closure procedure, which may involve filling out a closure request form and providing necessary documentation.
How to track my Fixed Investment Plan (FIP) performance?
Investors can track their Fixed Investment Plan details by logging in to the "Customer Portal" and they can download their investment statement.
Which Fixed Investment Plan (FIP) is best for me?
Investors can choose from the flexible instalment period based on their financial goals and personalise their Fixed Investment Plan according to their needs.
Can I invest in a Fixed Investment Plan (FIP) for my child?
Yes, Fixed Investment Plan is open to all Resident Individual Depositors in India which includes individuals, minors, senior citizens .
How can I calculate the returns on my Fixed Investment Plan (FIP)?
Calculating your Fixed Investment Plan returns Online is a simple and instantaneous process. All you have to do is provide details such as investment amount, select the instalment period preferred and calculate your returns within seconds.
Can I withdraw money from a Fixed Investment Plan (FIP) before maturity?
You can withdraw one or more instalments from your Fixed Investment Plan (FIP) as long as they have been active for more than 3 months since you made the respective instalment payment. If an FIP instalment hasn't reached 3 months yet, you won't be able to make a premature withdrawal.
How can I start a Fixed Investment Plan (FIP)?
Investing in a Fixed Investment Plan Online is a quick and easy 4 step process. Alternatively, one can also visit the nearest Shriram Finance branch to open an FIP offline.
What are the risks of investing in a Fixed Investment Plan (FIP)?
Choosing a Fixed Investment Plan (FIP) is a low-risk investment decision. With its guaranteed and steady returns for the selected duration, FIP becomes an attractive choice for investors who prefer safety in their investments.
How does a Fixed Investment Plan (FIP) work?
A Fixed Investment Plan (FIP) provides the flexibility of a monthly savings plan along with the compounded yield of a fixed investment. You make monthly contributions for the chosen number of instalments. When last instalment due is paid on the due date, the total amount is locked in as a fixed deposit for a year, with the invested amount earning interest during that time.
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 FIP 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 Investment Plan
