Shriram Finance revised fixed deposit rates by 0.15% to 0.40% across tenures, effective October 11, 2026. With senior citizens over 60 receiving 0.50% additional benefit and women depositors receiving an additional 0.05% annual benefit.
Photo credit: Livemint
Shriram Finance has revised its fixed deposit (FD) interest rates across all tenures effective from Sunday, 11 October 2026, the company said in an official release.
A non-banking finance company (NBFC), Shriram Finance is the flagship company of the Shriram Group, with fixed deposits rated ‘CRISIL AAA/Stable’ by CRISIL Ratings, ‘ICRA AAA (Stable)’ by ICRA, ‘IND AAA/Stable’ by India Ratings and Research and ‘CARE AAA/Stable’ by CARE Ratings.
Notably, this comes after the Reserve Bank of India (RBI) on 7 October raised repo rate by 25 bps to 5.50% from 5.25%, marking the first such increase since February 2023. Following the RBI Monetary Policy Committee's decision, banks and NBFCs were expected to slowly and steadily also increase interest rates for customers.
Shriram Finance hikes interest rates: What's changed?
As per the release, interest rates have been hiked by 0.15-0.40% across tenures, with
- Senior Citizens (aged 60 years or above at the time of deposit/renewal) eligible for an additional interest of 0.50% p.a.
- Women depositors also receiving an additional 0.05% p.a.
- The company further added that renewals of matured deposits will attract an additional 0.15% p.a.
- Minimum deposit amount is ₹5,000.
Check interest rates in October 2026
| 12 months | 6.85% | 7% | 7.50% | 7.05% |
| 15 months (Digital Only) | 7.10% | 7.50% | 8% | 7.55% |
| 18 months – 23 months | 7.05% | 7.25% | 7.75% | 7.30% |
| 24 months – 35 months | 7.10% | 7.50% | 8% | 7.55% |
| 36 months – 60 months | 7.50% | 7.85% | 8.35% | 7.90% |
Comments
0 commentsNo comments yet — be the first.