Shriram Finance Adjusts Fixed Deposit Rates: Key Changes for Women and Seniors
New FD rates by Shriram Finance: What women investors and senior citizens should know
The Economic Times
Image: The Economic Times
Shriram Finance Limited has revised its fixed deposit interest rates effective May 6, 2026, with changes across various tenures. Senior citizens will benefit from an additional 0.50% interest, while women depositors will receive an extra 0.05%. The revisions follow an upgrade to a AAA (Stable) credit rating, indicating high safety for investors.
- 01Fixed deposit rates revised for various tenures effective May 6, 2026.
- 02Senior citizens receive an additional 0.50% interest on deposits.
- 03Women depositors benefit from an extra 0.05% interest.
- 04The credit rating upgrade to AAA (Stable) enhances safety for investors.
- 05Interest rates for fixed investment plans also adjusted.
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Shriram Finance Limited (SFL) has announced a revision of its fixed deposit (FD) interest rates, effective May 6, 2026. The new rates show a decrease for most tenures; for example, the rate for a 12-month deposit drops from 7.00% to 6.75%. Senior citizens, defined as individuals aged 60 years or older at the time of deposit, will receive an additional 0.50% interest per annum, while women depositors will benefit from an extra 0.05%. Renewals of matured deposits will attract an additional 0.15%. The adjustments come after SFL received a AAA (Stable) credit rating from multiple agencies, reflecting the highest safety for investors regarding timely financial obligations. This rating indicates that instruments with this designation carry the lowest credit risk, making them attractive for cautious investors.
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The revised interest rates may affect the returns for senior citizens and women investors, potentially influencing their investment decisions.
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