Key Highlights
- Shriram Finance will revise fixed deposit interest rates from June 26, raising 12‑month FDs to 7.65%.
- Senior citizens get extra 0.5% p.a. and women 0.05%, across tenures including up to 8.40% yields.
Shriram Finance Ltd, the flagship company of the diversified conglomerate Shriram Group, announced on Wednesday that its fixed deposit interest rates would be revised effective June 26.
According to the revised structure, senior citizens (60 years or older at the time of deposit or renewal) will be eligible for an additional 0.50 percent per year in interest, while female depositors will receive an additional 0.05 percent per year in interest on fixed deposits.
Also Read: ICICI Bank Cuts Fixed Deposit Rates: Check New FD Rates for June 2025
Shriram Finance said that the existing rate of 7.35 percent would be revised to 7.65 percent for 12-month deposits and 7.90 percent for 15-month deposits made through digital mode, up from 7.50 percent now.
For 18 months, interest rates would be raised to 7.80 percent (currently 7.40 percent), and for 24 months to 7.90 percent (from 7.50 percent).
Interest rates would be reduced to 8.40 percent on deposits with terms of 36, 50, and 60 months, respectively.
Shriram Finance announced that interest rates on Fixed Investment Plans (FIPs) available through the 'Shriram One' mobile app and website would be revised beginning June 26, 2025.
Shriram Finance Ltd. currently operates 3,220 branches across India and employs 79,872. The company reported that it serves approximately 95.56 lakh customers.
