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Shriram Finance
CRISIL: AAA/STABLEICRA: AAA/STABLECARE: AAA/STABLEIndia Ratings: AAA/STABLESafety:NBFC Safety:Good
•DICGC Insurance: Nil
Bank Overview
Type
NBFCHeadquarters
ChennaiFounded
1974Branches
–DICGC Coverage
Not CoveredCredit Ratings
CRISIL
AAA/STABLEStrong
CARE
AAA/STABLEStrong
ICRA
AAA/STABLEStrong
India Ratings
AAA/STABLEStrong
Premature FD Withdrawal Penalty
| Tenure of Deposit | Less than ₹3 Crore |
|---|---|
| Less than 3 Months | Withdrawal Not Permitted |
| 3 Months to < 6 Months | Only principal repaid; no interest |
| 6 Months to < 1 Year | 3.00% |
| 1 Year and Above | 2.00% |
Frequently Asked Questions
As of November 2026, Shriram Finance offers up to 7.85% p.a. on Fixed Deposits and up to 0.00% p.a. on Savings Accounts based on the balance slabs maintained.
Shriram Finance is an NBFC. NBFC deposits are NOT covered by DICGC insurance but are rated by credit agencies like CRISIL/CARE/ICRA.
The minimum tenure for a fixed deposit with Shriram Finance starts from 12 Months. Senior citizens receive an additional interest rate benefit of up to 0.50% p.a. over general citizen rates.
Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Shriram Finance FD Calculator
Months
Days
MATURITY AMOUNT
₹1,07,186
MATURITY DATE
03 Nov 2027
Interest rate7.00% p.a.
Principal₹1,00,000
Total interest₹7,186
Indicative only. Actual figures may vary.