This calculator is dedicated to current or interested investors in Shriram Fixed Deposit (FD). The interest rates offered by Shriram Finance are quite competetive and that’s why people prefer them. If you are planning to invest in Shriram Fixed Deposit, this calculator will help you find the maturity value.
Shriram Finance FD Calculator
Using this Shriram FD Calculator, you can check the maturity value for both Cumulative and non-cumulative deposits. For Cumulative deposits, the interest is compunded every year and paid at maturity. For non cumulative, the interest is paid out monthly, quarterly, half-yearly or annually as per the requirements of the customer.
Additional Benefits Customers Get from Shriram FD
- Additional 0.50% interest rate for senior citizens.
- Additional 0.10% interest rate for women
- Additional interest of 0.25% p.a. paid on all Renewals, where the deposit is matured.
Shriram Finance FD Interest Rates 2024 – Detailed Table
Below are the latest applicable interest rates and cumulative effective yields based on the period. These are applicable on fresh deposits and renewals effective from 9th April 2024 onwards.
| Period (Months) | Cumulative Rate % | Cumulative Effective Yield % | Non-Cumulative Monthly % | Non-Cumulative Quarterly % | Non-Cumulative Half-Yearly % | Non-Cumulative Yearly % |
|---|---|---|---|---|---|---|
| 12 | 7.59 | 7.85 | 7.59 | 7.63 | 7.71 | 7.85 |
| 15 | 7.87 | 8.24 | 7.87 | 7.92 | 8.00 | 8.15 |
| 18 | 7.73 | 8.16 | 7.73 | 7.77 | 7.85 | 8.00 |
| 24 | 7.87 | 8.49 | 7.87 | 7.92 | 8.00 | 8.15 |
| 30 | 8.05 | 8.88 | 8.05 | 8.10 | 8.18 | 8.35 |
| 36 | 8.38 | 9.49 | 8.38 | 8.43 | 8.52 | 8.70 |
| 42 | 8.42 | 9.75 | 8.42 | 8.47 | 8.56 | 8.75 |
| 50 | 8.47 | 10.10 | 8.47 | 8.52 | 8.62 | 8.80 |
| 60 | 8.47 | 10.50 | 8.47 | 8.52 | 8.62 | 8.80 |
Shriram FD Calculator 2024
Fixed Deposit Calculator
Invested Amount:
Interest Rate: %
Maturity Value:
How Does this Shriram Fixed Deposit Calculator Work
This calculator works seamlessly based on the inputs provided by the user. Initially, the user needs to specify, if he/she is senior citizen, if woman. Then, user needs to input the Investment Amount i.e. the Amount to be invested. Next step is to choose the Tenure i.e. the time for which he/she wants to deposit. The last option is the Interest Payout term. Here the user needs to specify if he needs interest payout on Maturity, Monthly basis, Yearly basis, Half yearly basis or Quartely basis.
How to Check Shriram FD Maturity Value?
After you choose these, this realtime calculator provides you with the Applicable interest rate and Maturity value. You need need to look to for any calculate button or press anything, just provide the inputs and the value will be updated realtime.
Following these steps, you can easily find out the Maturity amount for your Shriram Fixed deposit. Do understand that this calculator aligns with the latest applicable interest rates.
About Shriram Finance
Shriram Finance Limited is a financial services company that provides a variety of loans, investments, and insurance products. They offer personal loans, two-wheeler loans, gold loans and used car loans for individual needs. For enterprises they have commercial vehicle loan, working capital loan and business loan in the offering. Under investments they have fixed deposit schemes, chit funds and fixed investment plans available with them. They also provide diverse types of insurances like motor insurance, home insurance and life insurance as well. Additionally they provide services for payments, recharges, utility bill payments along with financial calculators.
Frequently Asked Questions and Answers
Here are some of the common questions (and their answers) people interested in Shriram Finance Fixed deposit ask :
What are the benefits of Shriram finance fixed deposit calculator?
This calculator allows you to check the maturity value for the invested (or to be invested) amount based on the tenure.
What is the minimum and maximum amount that can be invested?
The minimum amount is Rs. 5000 and there is no upper limit.
What is the difference between nominal interest rate and effective yield in fixed deposits?
The nominal interest rate is the basic rate charged or paid on a deposit over a year, without taking into account the compounding of interest within that year. The effective yield, however, takes into account the effects of compounding during the year and is typically higher than the nominal rate because it reflects the total interest accrued when interest is added to the principal and itself earns interest.
How do bonuses for senior citizens and women affect the calculation of fixed deposits?
For fixed deposits, additional interest rate bonuses for senior citizens and women are added to the base nominal rate to encourage savings among these groups. For example, a base rate of 8.47% might have an additional 0.50% for senior citizens and 0.10% for women, resulting in a higher effective rate and thus a higher maturity value.
For detailed information, Kindly refer to terms and conditions page on the Shriram Finance portal.