Shriram City Union Finance Fixed Deposit Rates

Domestic Term Deposits: Cumulative

1. An additional interest of 0.50% p.a. will be paid to senior citizens (aged 60 years or older on the date of deposit or renewal). 
   

1. An additional interest of 0.25% p.a. will be paid on all renewals where the deposit has matured. 

1. An additional interest of 0.10% p.a. will be paid to women depositors. 
2. *Shriram City can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 2 May 2025.

Features and Benefits of Shriram City Fixed Deposits

The main features and benefits of the FD schemes offered by Shriram City are mentioned below:

1. The tenure of the scheme ranges from 12 months to 60 months.
2. Senior citizens are provided an additional interest rate.
3. The two different schemes that are available are Non-Cumulative Deposits and Cumulative Deposits.
4. Auto-renewal facility is offered.
5. In the case of auto-renewal, an additional interest rate is provided.
6. High interest rates are offered.
7. Flexible pay-outs are provided.
   

Eligibility Criteria

The below-mentioned individuals and entities can open an FD account with Shriram City:

1. Body of Individuals or Unincorporated Association
2. Trusts
3. Foundations
4. Hindu Undivided Families (HUFs)
5. Partnership Firms
6. Company
7. Resident Individuals

Documents Required

Body of Individuals or Unincorporated Association

1. Proof of address
2. Proof of identity
3. Power of attorney must be provided for the individual to complete transactions
4. A resolution must be provided to manage the account

Trusts and Foundations

1. Proof of address
2. Proof of identity
3. Authorised signatory list
4. Trust deed
5. Registration certificate

HUF

1. Proof of address
2. Proof of identity
3. HUF declaration
4. HUF PAN Card

Partnership Firm

1. Proof of address
2. Proof of identity
3. Authorised signatory list
4. Partnership deed
5. Registration certificate

Company

1. Proof of address
2. Proof of identity
3. PAN (of company)
4. A resolution given by the Board of Directors
5. Memorandum and Articles of Association
6. Certificate of Incorporation

Resident Individuals

1. Proof of identity such as Aadhaar Card, Voter ID, driving license, PAN Card, or passport
2. Proof of address such as Aadhaar Card, Voter ID, driving license, passport, accommodation letter provided by the employer, savings bank account statement, or pension payment order.

Types of Shriram City Fixed Deposit Schemes

The two different types of FD schemes that are offered by Shriram City are mentioned below:

1. Non-Cumulative Deposits
2. Cumulative Deposits