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), 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 () 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, 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 will attract an additional 0.15% p.a.
- Minimum deposit amount is ₹5,000.
Check interest rates in October 2026
| Tenor | Existing Rate p.a. | Revised Rate p.a. | Rate for senior citizens (+0.50%) | Rate for women investors (+0.05%) |
|---|---|---|---|---|
| 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% |
Calculate and compare impact
- For a ₹1 lakh deposit of 1-year tenure at an interest rate of 7% p.a., your final FD would be of ₹1,07,000, for above 60, calculated at 7.50% this would be ₹1,07,500; and for women at 7.05% this would be ₹1,07,050.
- For a ₹1 lakh deposit of 15 months tenure at an interest rate of 7.50% p.a., your final FD would be of ₹1,09,461.29, for senior citizens above 60, calculated at 8% this would be ₹1,10,098.07; and for women at 7.55% this would be ₹1,09,524.94.
- For a ₹1 lakh deposit of 18-23 months tenure at an interest rate of 7.25% p.a., your final FD of full tenure would be of ₹1,14,356.67, for senior citizens above 60, calculated at 7.75% this would be ₹1,15,380.69; and for at 7.30% this would be ₹1,14,458.87.
- For a ₹1 lakh deposit of 24-35 months tenure at an interest rate of 7.50% p.a., your final FD of full tenure would be of ₹1,23,483.24, for senior citizens above 60, calculated at 8% this would be ₹1,25,165.88; and for women at 7.55% this would be ₹1,23,650.83.
- For a ₹1 lakh deposit of 36-60 months tenure at an interest rate of 7.85% p.a., your final of full tenure would be of ₹1,45,915.27, for senior citizens above 60, calculated at 8.35% this would be ₹1,49,329.14; and for women at 7.90% this would be ₹1,46,253.82.
Investment plan rates also hiked: Details
Further, the company said it has also revised interest rates across tenures for its Fixed Plan (FIP), with effect from 11 October 2026. Women depositors will receive an additional 0.05% p.a. benefit here as well, while other terms and conditions of the FIP remain unchanged, the release added.
| Tenor | Existing Rate p.a. | Revised Rate p.a. | Rate for women investors (+0.05%) |
|---|---|---|---|
| 12 – 23 months | 6.85% | 7.00% | 7.05% |
| 24 – 35 months | 7.10% | 7.50% | 7.55% |
| 36 – 48 months | 7.50% | 7.85% | 7.90% |
Disclaimer: This story is for educational purposes only. We advise investors to check with certified experts before making any investment decisions.