Depositors can use Shriram Finance FD Calculator to calculate the interest earned and maturity value for various tenures and FD amounts. The fixed deposit calculator considers the principal amount, FD interest rate and tenure to calculate the maturity and interest amount.
How to use Paisabazaar’s FD Calculator
- Enter the fixed deposit amount, tenure and FD interest rate
- Click on ‘Calculate’
- The principal amount, maturity amount and the interest earned will be reflected instantly
Shriram Finance FD Interest Rates
FD Interest Rates on Retail deposits (cumulative) w.e.f. 9th April 2024
Tenure | Interest Rates (% p.a. at monthly rests) | |
Regular Citizens | Senior Citizens | |
12 months | 7.59 | 8.09 |
18 months | 7.73 | 8.23 |
24 months | 7.87 | 8.37 |
30 months | 8.05 | 8.55 |
36 months | 8.38 | 8.88 |
42 months | 8.42 | 8.92 |
50 months (Jubilee) | 8.47 | 8.97 |
60 months | 8.47 | 8.97 |
Notes:
- Additional interest rate of 0.25% on renewals of matured deposits
- Shriram Finance offers an additional 0.10% interest rate over and above regular FD rates to women FD depositors.
Interest rates updated as on 11th Nov 2024.
Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
Suryoday Small Finance Bank | 8.60 | 8.05 | 8.60 | 8.25 | 0.50 |
Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
ESAF Small Finance Bank | 8.25 | 6.00 | 6.75 | 6.25 | 0.50 |
Equitas Small Finance Bank | 8.25 | 8.20 | 8.00 | 7.25 | 0.50 |
SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
RBL Bank | 8.10 | 7.50 | 7.50 | 7.10 | 0.50 |
DCB Bank | 8.05 | 7.10 | 7.55 | 7.40 | 0.50 |
Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
AU Small Finance Bank | 8.00 | 7.25 | 7.50 | 7.25 | 0.50 |
YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
Induslnd Bank | 7.75 | 7.75 | 7.25 | 7.25 | 0.50 |
IDFC First Bank | 7.75 | 6.50 | 6.80 | 6.75 | 0.50 |
Central Bank of India | 7.45 | 7.00 | 6.00 | 5.75 | 0.50 |
Punjab & Sind | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
The rates are updated as of 11th November 2024
Benefits of Using Shriram Finance FD Calculator
Time Saving
Manual calculations are laborious and error prone. Shriram Finance FD Calculator is automated, hence, it saves times and reduce the chances of mistakes.
Free of Cost
Shriram Finance FD Calculator involves no cost. Therefore, depositors can use it to compare and analyse returns for various combinations of FD interest rates, FD tenure and principal amount.
Know Your Returns in Advance
Depositors can get a rough idea of their earnings through Shriram Finance FD Calculator even before opening FD account. Thus, they can make informed financial decisions considering their liquidity and cash flow requirements.