What are the latest FD interest rates offered by Shriram Transport Finance Bank in 2025?
As of 2025, Shriram Transport Finance Bank is offering fixed deposit (FD) interest rates ranging between 7.50% to 8.90% per annum, depending on the tenure and customer category. Senior citizens can get slightly higher rates. These rates are considered among the highest FD returns available in India today.
Why are Shriram Transport Finance FDs gaining so much attention in 2025?
Shriram Transport Finance, a trusted NBFC (Non-Banking Financial Company), has been known for providing some of the most rewarding FD schemes in the market. In an era where most traditional banks offer 6% to 7% returns, Shriram’s 8%+ FD rates have become a hot topic among smart Indian investors.
People are choosing Shriram FDs not just for high interest but also because of strong customer service, flexible tenures, and monthly or quarterly interest payout options. These practical benefits emotionally connect with middle-class Indians looking for secure income from savings without any risk.
Is it safe to invest in Shriram Transport Finance Bank FDs?
Yes, it’s relatively safe to invest in FDs of Shriram Transport Finance. The company has ‘AA+’ rating from ICRA and India Ratings, which reflects strong repayment capability and stability. While NBFC FDs do carry slightly more risk than PSU banks, Shriram’s 40+ years of trust, high credit ratings, and loyal customer base reduce those fears considerably.
If you’re someone looking for higher fixed returns without entering the stock market, Shriram FDs are a great balance between safety and profitability.
What is the minimum amount required to open an FD with Shriram?
The minimum deposit to open a Shriram FD is ₹5,000, which makes it very easy for salaried employees, retired people, and even small business owners to start investing.
This low entry barrier is another reason why many Indians are shifting from savings accounts or traditional bank FDs to Shriram’s fixed deposit products.
Do senior citizens get higher interest rates in Shriram FDs?
Yes, absolutely. Senior citizens are offered additional interest rates of up to 0.50% extra on top of the regular FD interest rates. So, while a general investor may earn 8.50%, a senior citizen could enjoy returns of up to 8.90%, which is extremely helpful for retirees depending on monthly interest income.
For pensioners and elderly individuals, this extra interest brings financial relief and peace of mind, especially during rising inflation.
What are the tenure options available for Shriram FDs?
Shriram Transport Finance offers tenures ranging from 12 months to 60 months (1 year to 5 years). This flexibility lets investors choose what suits them best. Many users go for longer tenure FDs to lock in high interest rates for the future, especially when the market rates are uncertain.
This long-term strategy helps in building wealth securely while ensuring regular income, which appeals to middle-income households and early retirees.
Can I get monthly or quarterly interest payout?
Yes, Shriram provides flexible payout options – monthly, quarterly, or at maturity. You can choose what fits your financial needs. For example:
- If you need regular income, monthly payout is ideal.
- If you want to grow your savings, go for cumulative FDs with maturity payouts.
This feature is very attractive for people who rely on fixed monthly income to manage expenses – such as rent, medical costs, or EMIs.
Is premature withdrawal allowed in Shriram FDs?
Yes, premature withdrawal is allowed, but with a small penalty on interest rate. If you break your FD before the agreed tenure, you may get slightly lower interest than promised. However, Shriram’s customer support is known to be flexible and understanding in genuine emergency cases.
So, while your money is mostly locked in, you still have liquidity in case of urgent needs, which offers both emotional and financial security.
How to open a fixed deposit account with Shriram?
Opening an FD with Shriram is super easy in 2025. You can apply:
- Online through their official website or mobile app
- Or visit the nearest Shriram Finance branch with basic KYC documents like PAN, Aadhaar, and a passport-sized photo.
Even for non-tech-savvy individuals, Shriram’s team provides step-by-step support, which makes the process fast, human-friendly, and stress-free.
What is the maximum amount I can invest in a Shriram FD?
There’s no strict upper limit, and you can invest ₹1 lakh to ₹1 crore or more, depending on your financial goals. However, amounts above ₹5 lakh may need income proof, especially for cumulative deposits.
This makes it a great option for HNIs, salaried professionals, and retirees looking to park their lump sum savings in a high-yield fixed income product.
Are Shriram FDs taxable?
Yes, interest earned from Shriram FDs is taxable under ‘Income from Other Sources’. If your annual FD interest exceeds ₹40,000 (₹50,000 for seniors), TDS will be deducted at source as per income tax rules.
However, you can submit Form 15G or 15H to avoid TDS if your income is below the taxable limit. Always consult your tax advisor to optimize your returns legally.
Can NRIs invest in Shriram Transport Finance FDs?
Currently, Shriram FDs are available only for resident Indian individuals. NRIs are not eligible to invest in these fixed deposits, as per their official terms. If you are an NRI, you may explore NRE or NRO FD options with banks like ICICI, HDFC, or SBI.
Why should you consider Shriram FDs over bank FDs in 2025?
If you’re tired of low bank FD interest rates, and you want to earn more without entering risky markets, Shriram FDs are a smart and safe middle ground.
They offer:
- Higher returns
- Flexible payouts
- Low minimum deposit
- Senior citizen benefits
- Safe and trusted NBFC reputation
In short, Shriram FDs combine emotional trust and practical returns, making them a favorite for Indian families in 2025.
Shriram Fixed Deposit Calculator
Final Thoughts – Should You Invest in Shriram Transport Finance Bank FDs?
Yes, if your goal is to earn higher interest safely, Shriram Transport Finance FDs are definitely worth considering. Whether you’re a salaried person, a small business owner, or a retired senior citizen, these FDs offer better returns than traditional banks, with enough safety and flexibility to match your financial needs.
Don’t let your savings sleep in a low-interest account. Take action now and let your money grow with one of India’s most trusted NBFCs.