• Interest rates increased 5-30 basis points, effective January 1st, 2023

• The revised interest rates apply to tenure across 12 months to 60 months

Chennai : India’s largest retail NBFC, Shriram Finance Limited (SFL) a part of Shriram Group, announced a hike in fixed deposit (Shriram Unnati Deposits) rates by 5 to 30 basis points (0.05% p.a. to 0.30% p.a.) across different tenures. Customers can earn interest up to 9.36% on FDs, effective from January 1, 2023.  Additional 0.25% p.a will be paid on all renewals.

Interest rates on Fixed Deposits

Period (months)	Existing Interest rate (p.a.)	Revised Interest rate (p.a.)WEF Jan 1 2023	Increase in Interest rate (p.a.)
12	7.00%	7.30%	0.30% (30 basis points)
18	7.30%	7.50%	0.20% (20 basis points)
24	7.50%	7.75%	0.25% (25 basis points)
30	8.00%	8.00%	–
36	8.05%	8.15%	0.10% (10 basis points)
42	8.15%	8.20%	0.5% (5 basis points)
48	8.20%	8.25%	0.5% (5 basis points)
60	8.30%	8.45%	0.15% (15 basis points)

• Additional interest of 0.50% p.a will be paid for senior citizen (completed age 60 years on the date of deposit/renewal)

• Additional interest of 0.25% p.a will be paid on all renewals.

• Additional interest of 0.10% p.a. will be paid to Women Depositors.

• All above tenures will be available for both offline and online investments.