Shriram Finance Announces FD Rate Revision Following 'AAA' Rating Upgrade

Shriram Finance Limited (SFL), the flagship entity of the Shriram Group, has announced a downward revision in its Fixed Deposit (FD) interest rates effective from May 6, 2026.

The adjustment follows a significant milestone for the company: the upgrade of its long-term credit ratings to AAA (Stable) by all major agencies, including CRISIL, ICRA, India Ratings, and CARE. This "Triple-A" status represents the highest level of safety regarding timely servicing of financial obligations, often allowing top-tier NBFCs to optimize their cost of funds.

Revised FD Interest Rates (Deposits up to ₹10 Crore)

The new rate structure reflects a reduction across all tenors, with the most significant cuts occurring in longer-term deposits.

Short-Term (12 Months): Rates will move from 7.00% to 6.75%.

Digital Exclusive (15 Months): The special digital-only tenor will offer 7.05%, down from 7.25%.

Medium-Term (18-35 Months): Rates will range between 7.00% and 7.05%.

Long-Term (36-60 Months): The premium rate for long-term lock-ins has been revised from 7.60% to 7.25%.

Fixed Investment Plan (FIP) - Recurring Deposits

The systematic investment product, FIP, also sees a parallel revision:

12 - 23 Months: Revised to 6.75%.

24 - 35 Months: Revised to 7.05%.

36 - 48 Months: Revised to 7.25%.

Preserved Incentives & Benefits

Despite the base rate reduction, Shriram Finance will maintain its popular "top-up" benefits for specific depositor categories:

Senior Citizens: An additional 0.50% p.a. over the revised base rates.

Women Depositors: An additional 0.05% p.a. incentive for both FDs and FIPs.

Loyalty Bonus: Renewals of matured deposits will continue to attract an additional 0.15% p.a.

Minimum Investment Criteria:

Fixed Deposits: Minimum ₹5,000 (multiples of ₹1,000).

FIP Installments: Minimum ₹1,000 (multiples of ₹500).

Source : Equity Bulls

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