Shriram Finance has raised interest rates on fixed deposits of up to ₹10 crore by up to 40 basis points, effective October 11, 2026. The 36-to-60-month tenure will now offer a top yield of 7.85% per annum. This move aligns the company with broader industry trends as NBFCs adjust to the current interest rate environment to attract retail capital.
Shriram Finance is increasing interest rates on its fixed deposits for amounts up to ₹10 crore. Starting October 11, 2026, the company will offer higher interest across several tenures, with the popular 36-to-60-month category now providing an annual yield of 7.85%. This revision comes as the company adjusts its deposit pricing to remain competitive in the current Indian interest rate landscape.
Investors looking at shorter durations will also see adjustments. The 15-month digital-only deposit and the 24-to-35-month category have been increased to 7.50%. These rates represent the standard offering, while specific groups such as senior citizens, women, and those renewing their deposits continue to enjoy additional interest benefits, ranging from 0.05% to 0.50% depending on the category.
For retail depositors, the company maintains an AAA/Stable rating from agencies including CRISIL, ICRA, India Ratings, and CARE. This credit rating indicates a high level of safety regarding the timely repayment of principal and interest, a key factor that many retail investors consider when choosing where to park their savings.
This decision by Shriram Finance follows similar moves by other large non-banking financial companies (NBFCs), which have also been raising deposit rates to secure funding in a competitive market. While this is beneficial for savers, it introduces a trade-off for the company. Increasing the interest rates offered to depositors raises the company's cost of borrowing.
If the company is unable to pass these higher borrowing costs on to its loan customers by charging higher interest rates on loans, its net interest margins—the difference between the interest it earns and the interest it pays—may come under pressure. Investors monitoring the company’s performance should track the next quarterly results for signs of margin stability. Furthermore, as an NBFC, the company’s financial health is also closely tied to its asset quality. Shareholders may want to watch for future management commentary on loan growth, potential credit risks, and how the company plans to manage these rising funding costs.