Frequently Asked Questions on Fixed Investment Plan

Investors can invest up to ₹1 Crore in an FIP investment.

Investing in FIP for 5 years can help you earn higher returns on your savings ranging up to an interest rate of 9.10%* p.a. These 5 years would be inclusive of the maturity(lock-in) period of the investment.

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.

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 23 to 59 months for the maturity.

Investors can invest as little as ₹1,000 per month.

Resident Individuals, including minor and senior citizen depositors, are eligible to invest in the Fixed Investment Plan.

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. Ranging from 12 to 48 Nos with the tenure of 23 to 59 months for the maturity. For maturity, 12-month tenure will be added from the last instalment due date and same interest will be mapped and calculated till the maturity date

Yes, Fixed Investment Plan is open to all Resident Individual Depositors in India which includes individuals, minors, senior citizens .

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 last instalment payment. If an FIP instalment hasn't reached 3 months yet, you won't be able to make a premature withdrawal.

Yes, Fixed Investment Plan comes with a lock-in period of 12 months from the last instalment due date.

Yes, Fixed Investment Plan is a monthly savings plan with a maturity lock-in period of 12 months from the last instalment due date.

The Fixed Investment Plan is open to Resident Individual Depositors, such as Individuals, Minors, Senior Citizens. Those who do not fall into these categories are ineligible for the FIP.

The documents required for opening an FIP are as follows: Investors are required to provide their Permanent Account Number (PAN) and any one of the documents mentioned below:

a) Passport

b) Driving License

c) Voter ID

d) Aadhaar Card

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 last instalment payment. If an FIP instalment hasn't reached 3 months yet, you won't be able to make a premature withdrawal.

The interest earned in an FIP investment throughout the tenure is paid upon maturity along with the principal amount.

Yes, FIP provides the flexibility of premature withdrawal. To maximise returns and completely benefit from your investment, it is suggested to continue your Fixed Investment Plan (FIP) until maturity.

Calculating the interest rate for a 3-year Fixed Investment Plan depends on various factors such as age, gender, investment amount, instalment preferred etc. Make use of our Fixed Investment Plan Online Calculator and calculate your returns with ease.

Calculating the interest rate for a 2-year Fixed Investment

Plan depends on various factors such as age, gender, investment amount, instalment preferred etc. Make use of our Fixed Investment Plan Online Calculator and calculate your returns with ease.

The Fixed Investment Plan Interest Rate remains fixed for the entire duration of the investment. There are no changes in the interest rate once the investment is made.

Yes. Fixed Investment Plan (FIP) Interest Rates are secure and unchanging. FIP is a dependable investment choice, assuring steady and guaranteed returns with unwavering interest rates that offer investors a sense of stability over the investment term.

A higher Fixed Investment Plan Interest Rate offers increased returns on your investment, leading to greater earnings over the chosen instalment period. This results in accelerated growth and better financial outcomes.

The interest on your Fixed Investment Plan is calculated based on the chosen number of instalments and the applicable interest rate for that instalment range. For a hassle-free calculation, we recommend using our online calculator, for instant and accurate results for your convenience.

Interest rate is fixed for the entire period of FIP. Interest will be computed on each instalment amount from the respective payment date or date of remittance whichever is later, until March 31st.

The Fixed Investment Plan Interest Rate is determined based on the number of instalments chosen for investment. The rate is linked to the specific range that corresponds to the number of instalments selected by the depositor.

The Fixed Investment Plan interest rate is determined by the number of instalments chosen for investment, rather than the plan's duration. For example, if a depositor selects 13 instalments, the interest rate will align with the range specified for 12 to 48 instalments, not based on the plan's duration.

No, the investment amount for Fixed Investment Plan is fixed at the time of investment and cannot be altered during the tenure of investment.

Yes, monthly instalments for the Fixed Investment Plan (FIP) can be automatically deducted by enabling auto-debit option.

Yes, you can open a Fixed Investment Plan (FIP) with your salary account.

The rules for a Fixed Investment Plan (FIP) account typically include choosing an instalment duration, adhering to the specified tenure, understanding the maturity period, and following guidelines for premature withdrawal or post-maturity options.

There is no minimum age criteria to open an FIP account.

The decision between SIP (Systematic Investment Plan) and Fixed Investment Plan (FIP) depends on individual objectives and risk tolerance. SIP is a good fit for those seeking a gradual market approach, whereas FIP offers consistent returns, monthly instalment flexibility, and the advantage of compounded returns upon maturity.

Investing in a Fixed Investment Plan online is a simple 4 step process:

Step 01: Enter using your mobile number

Step 02: Enter PAN details , Monthly Instalment Amount and choose your Number of Instalments

Step 03: Complete your payment and proceed to verify your KYC and bank details

Step 04: Receive the Fixed Investment Plan receipt and maximise your returns

No, using Fixed Investment Plan Calculators typically does not have any risks. These calculators are designed for informational purposes, providing estimates and insights into potential returns on the investment based on the inputs provided.

The results from the calculator can be used to make informed investment decisions by understanding potential returns, comparing investment options, and strategizing the best investment plan based on financial goals.

Yes, investors can calculate the returns before making an investment in a Fixed Investment Plan Online with ease.

The key inputs required for using a Fixed Investment Plan Calculator are age, gender, investment amount and instalment period. Senior citizens and women depositors can avail special interest benefits while investing in a Fixed Investment Plan.

Yes, a Fixed Investment Plan Calculator can predict the exact returns based on the invested amount, tenure, and the plan's interest rate, providing accurate estimation of the returns.

Each investment has a specific calculator that is ideal for the calculation of the returns earned on that particular investment. Using an FIP calculator provides an accurate estimate of the returns on an FIP investment.

The purpose of using a Fixed Investment Plan Calculator is to estimate potential returns, plan investments, and determine the maturity amount. This helps investors in deciding on the principal amount and instalment period based on the expected returns as per their financial goals.

The Fixed Investment Plan Calculator estimates your potential returns by considering your chosen investment amount, instalment period and fixed interest rate. It provides an online projection of the returns you may earn from your investment.

A Fixed Investment Plan Calculator is a financial tool that helps calculate potential returns, maturity sum, and investment growth based on investment amount, instalment period, and interest rate.

Fixed investment Plan is an ideal investment combining the convenience of a monthly savings plan with the compounded returns of a fixed investment.

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.

Investors can track their Fixed Investment Plan details by logging in to the "Customer Portal" and they can download their investment statement.

Investors can choose from the flexible instalment period based on their financial goals and personalise their Fixed Investment Plan according to their needs.

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.

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.

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.

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