Shriram Transport Finance Bank FD Interest Rates

About Shriram Transport Finance Bank FD 

Shriram Finance is one of India’s largest retail NBFCs, trusted by millions for its wide range of credit solutions including commercial vehicle loans, two-wheeler loans, car loans, home loans, gold loans, personal loans, and small business loans. Backed by the 50-year legacy of the Shriram Group, the company has built a strong reputation for helping customers achieve their financial goals with reliability and care.

Among its investment offerings, the Shriram Unnati Fixed Deposit stands out for delivering attractive returns with complete safety. Investors can earn up to 8.15%* p.a., along with special benefits for senior citizens and women depositors. With a minimum deposit of just ₹5,000 and a hassle-free online application process, Shriram FD offers both convenience and security, making it an excellent choice for growing savings steadily.

Shriram Transport Finance Bank FD Rates 2025 

Note: The data is as of August 5, 2025

Features and Benefits of Shriram Transport Finance Bank FD  

• Earn up to 8.15%* p.a. on Shriram Finance FD with extra benefits for senior citizens and women depositors
• Investment tenure options range from 12 to 60 months
• Rated “[ICRA]AA+ (Stable)” by ICRA and “IND AA+/Stable” by India Ratings, ensuring safety
• Start investing with a minimum deposit of ₹5,000
• Benefit from the power of compounding to grow your wealth faster
• Easy and quick online FD application process with minimal documentation
• If the FD is closed within 3 to 6 months from the date of booking, no interest will be paid on the deposit.
• For premature withdrawals made after 6 months but before maturity, the interest will be paid at a rate 2% lower than the applicable FD rate.

Types of Shriram Transport Finance Bank FD Schemes

Shriram Transport Finance Bank Fixed Deposit Scheme for Senior Citizens

• Higher interest rates with an additional 0.50%* p.a. benefit
• Extra 0.05%* p.a. for women senior citizens
• Safe investment option ensuring financial stability post-retirement
• Attractive returns up to 8.15%* p.a.

Shriram Transport Finance Bank Fixed Deposit Scheme for Women

• Exclusive 0.05%* p.a. additional interest benefit
• Encourages women to save and build financial independence
• Flexible tenure options ranging from 12 to 60 months

Shriram Transport Finance Bank Fixed Deposit Scheme for NRIs

• Designed exclusively for Non-Resident Indians
• Investment period available for up to 3 years
• Funds must be transferred from an NRO account
• Offline mode of investment only

Shriram Transport Finance Bank Fixed Deposit Scheme for Retirement Fund

• Helps create a retirement corpus with secure returns
• Additional 0.15%* p.a. on renewal of matured deposits
• Long-term savings option for financial independence after retirement

Shriram Transport Finance Bank Fixed Deposit Scheme for Wedding Expenses 

• Special 15-month digital-only FD option
• Interest rate of up to 7.8%* p.a.
• Ideal for short-term savings to plan wedding expenses

Shriram Transport Finance Bank Fixed Deposit Scheme for Monthly Income

• Offers monthly interest payouts for regular income flow
• Suitable for retirees or those needing steady income
• Provides financial stability through consistent returns

Term-wise Shriram Transport Finance Bank Fixed Deposit Rates

Short-Term Fixed Deposits

For short-term deposits with tenures between 12 and 48 months, Shriram Finance offers interest rates ranging from 7.00% to 7.25% p.a. for regular customers. Senior citizens enjoy higher benefits with rates between 7.50% and 7.75% p.a., making it a possible rewarding option for safe short-term savings.

Medium-Term Fixed Deposits

For medium-term FDs, the tenure extends beyond 1 year and goes up to less than 5 years. The bank provides interest rates of around 7.00% to 7.60% p.a. They can be suitable for those who want to balance liquidity with stable returns over a moderate time frame.

How to Invest in a Shriram Transport Finance Bank Fixed Deposit?

Shriram Finance makes it easy to open an FD account through both online and offline modes. Investors can choose from Internet Banking, the MyShriram mobile app, or by visiting a branch.

Internet Banking

• Go to the official Shriram Finance website
• From the main menu, select Products → Deposits → Fixed Deposits
• Click on Invest Now
• Enter personal details along with nominee information
• Provide payment and maturity instructions, then make the payment
• Accept the terms and conditions and submit the application to complete the process.

Mobile App – MyShriram App

• Download and install the MyShriram App
• Navigate to Products → Deposits → Fixed Deposits
• Enter required details, nominee details, and payment instructions
• Review the information, accept the terms, and click Submit to confirm

Offline Mode (Branch Visit)

To invest offline, visit the nearest Shriram Finance branch. Fill in the FD application form, attach the necessary documents, and deposit the amount. Once processed, you will receive an FD receipt as proof of investment.

Eligibility for Opening an Shriram Transport Finance Bank FD Account

• Resident individuals
• Hindu Undivided Families (HUFs)
• Companies
• Trusts and foundations
• Unincorporated associations
• Partnership firms
• Body of individuals

Documents Required to Open Shriram Transport Finance Bank FD Account

• Recent passport-size photographs
• PAN Card or Form 60
• Any Officially Valid Document (Passport, Voter ID, Aadhaar, Driving Licence, NREGA Job Card, or NPR letter with name and address)
• HUF declaration (for HUF accounts)
• For companies: Certificate of Incorporation, Memorandum and Articles of Association, and proof of identity/address
• For partnership firms: Registration certificate and partnership deed
• Any other documents requested by Shriram Finance

Tax on Shriram Transport Finance Bank Fixed Deposit

Interest earned on Shriram Finance FDs is subject to Tax Deducted at Source (TDS). If the total interest exceeds ₹5,000 in a financial year, TDS will be deducted at 10%. In case PAN details are not provided, TDS will be levied at 20%.

Investors with income below the taxable limit can submit Form 15G/15H to ensure no TDS is deducted on their FD interest.

Premature Closure of Shriram Transport Finance Bank Fixed Deposit

Shriram Finance allows investors to withdraw their Fixed Deposit before maturity, subject to certain conditions. If the FD is closed between 3 and 6 months from the date of booking, no interest will be paid on the deposit. For withdrawals made after 6 months but before the completion of the chosen tenure, interest will be provided at a rate that is 2% lower than the applicable FD rate.