FD Rates: There’s good news for FD investors. Ahead of Dussehra, Shriram Finance has raised fixed deposit rates. The small finance bank announced the new FD rates on October 9th. The new rates will become effective October 11th. This means that customers of this small finance bank will receive higher interest rates starting the first day of Navratri.

Shriram Finance latest FD rates

NBFCs have decided to offer 7 percent annual interest on FDs of less than Rs 10 crore for a 12-month time period. The previous rate was 6.85 percent. Customers with 15-month (digital) FDs will receive 7.5 percent interest from October 11. Previously, the rate was 7.1 percent. Meanwhile, Shri Ram Finance has increased interest rates for 18- to 23-month FDs.

Customers can now enjoy a boosted interest rate of 7.25 percent, which is a nice jump from the previous 7.05 percent. If you’re holding a fixed deposit for 24 to 35 months, you’ll get an even better rate of 7.5 percent compared to the earlier 7.1 percent. And there’s more—those with 36 to 60-month FDs are also seeing improved returns. This small finance bank is now offering 7.85 percent interest instead of the previous 7.5 percent.

Special perks for senior citizens and women

The NBFC is showing extra appreciation for certain groups! Senior citizens aged 60 and above will receive an additional 0.50 basis points on top of the regular rates. Women are also getting some love with an extra 0.05 percent interest boost. Plus, if you decide to renew your fixed deposit when it matures, you’ll earn an additional 0.15 percent on your interest rate.

“>October 10, 2026

Following the RBI’s interest rate hike, expectations of an increase in fixed deposit (FD) rates have been mounting. It remains to be seen which other banks will raise their FD rates in the future. FDs offer fixed returns. Given the significant fluctuations in the stock and gold markets, FDs can be a promising investment option. When investing in an FD, carefully review the bank’s rules along with the interest rates.