Shriram Finance, a leading NBFC holding an AA+ (Stable) credit rating, provides attractive fixed deposit rates starting from 8.2% for a three-year term. Standard interest rates for regular investors range from 7.53% to 8.3%, while senior citizens can benefit from rates between 8.03% and 8.8%.

The minimum deposit required is ₹5,000 with no cap on maximum investment. Based in Chennai, Shriram Finance was established in 1986 and offers a wide array of financial services, such as home loans, car loans, and personal loans. As of December 2022, the company boasts 2,901 branches across India, with an AUM (Assets Under Management) of INR 1.77 lakh crores.

The firm’s fixed deposits carry an AA+ (Stable) rating from CRISIL, making them a reliable investment option. Investors can leverage their FD calculator to juxtapose returns with other major banks. Shriram Finance also facilitates flexible tenures and partial withdrawals.

With an investment of ₹1,00,000 for a one-year term at 7.53%, the total amount after maturity would be ₹1,07,795, yielding a wealth gain of ₹7,795. Their FD schemes offer both cumulative and non-cumulative options, varying in tenure and minimum investment.

Note that premature withdrawal isn't allowed in the first three months, and a 2% penalty applies to withdrawals before six months. Investors can open a Shriram Finance FD account via internet banking, mobile app, or by visiting any branch. Essential documents include a PAN card, photographs, and valid identification and address proofs.

Customers may utilize various payment modes such as UPI, RTGS, NEFT, and IMPS. Shriram offers additional products like PPF, PMJJBY, and PMSBY, as well as SIP and OD facilities.