AA+(Stable) by ICRA, IND AA+/Stable by India Rating & Research
Interest Rates applicable for deposits up to Rs. 5 crore only (w.e.f. 09-04-2024)
  Cumulative Non-Cumulative
Tenure (Mnths) Rate of Intt.  Cuml. Yield  Mnthly. Qtrly. Half Yrly. Yrly.
12 7.85% 7.85% 7.59% 7.63% 7.71% 7.85%
18 8.00% 8.16% 7.73% 7.77% 7.85% 8.00%
24 8.15% 8.48% 7.87%  7.92% 8.00% 8.15%
30 8.35% 8.88% 8.05%  8.10%  8.18% 8.35%
36 8.70% 9.48% 8.38%  8.43%  8.54% 8.70%
42 8.75% 9.75% 8.42% 8.47% 8.56% 8.75%
50 (JUBLEE) 8.80% 10.11% 8.47% 8.52% 8.62% 8.80%
60 8.80% 10.49% 8.47% 8.52% 8.62% 8.80%

Key Features & Benefits:

  • 0.50% p.a. additional interest for senior citizen

  • Minimum investment Rs. 25,000/- with a multiple of Rs. 1,000/-

  • 0.25% p.a. additional on all Renewals

  • 0.15% p.a. additional on employees of Shriram Group Companies and their relatives

  • High returns on Fixed Deposit

  • Flexible Tenures

  • Available for cumulative & non-cumulative deposits, both

  • Interest payment frequency: Half -Yearly, Quarterly & Cumulative

  • Quick Loan against Deposit facility

  • Premature Encashment Available

Who Can Invest

  • Resident Indian Citizens

  • NRI / OCI / PIO (Only through NRO A/c.)

  • HUF / Family Trusts

  • Clubs/Association/Societies

  • Sole Prop./ Partnership / Cos.

Mode of Deposit NEFT/RTGS Cheque
Beneficiary Name Shriram Transport Finance Company Limited
payable to  “Shriram Transport Finance Company Limited" 
Bank Account Number A/c 00600310027702
Bank Name HDFC Bank Ltd marked “Account Payee only"
IFSC HDFC0000240 -
Bank Branch SANDOZ House, Mumbai -

Premature Withdrawal

As per the Housing Finance Companies (NHB) Directions 2010, no premature withdrawal is allowed for a period of the first 3 months from the date of deposit/renewal except in case of death of the depositor. In case of premature withdrawal after the expiry of 3 months, the following rates shall apply.

  • After 3 months but before 6 months – No interest is payable on the deposit. Only the principal is payable.

  • After 6 months but before the date of maturity - The interest rate payable is 2% lower than the interest rate applicable for the period for which the deposit has run. In case of no interest specified for the period run, interest payable will be 3% lower than the minimum rate at which the public deposits are accepted by the company.

  • In the event of the death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock-in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and only subject to the submission of proof of death and other requisite documents to the satisfaction of the Company. However, no interest is payable on such repayments of deposits.

  • For premature withdrawals of deposits, the duly discharged FDR with a revenue stamp of requisite value must be surrendered to the company. Premature withdrawals of single or jointly held fixed deposits shall be processed only after such a request is signed by all the depositors along with FDR duly discharged and a canceled cheque leaf should be submitted.

About Company

Shriram Transport Finance Company Limited (STFC) is an asset financing non-banking finance company. The Company is engaged in providing finance for commercial vehicles and other loans. The Company operates through the financing segment. The Company operates through a network of approximately 850 branches. The Company is engaged in the pre-owned commercial vehicle (CV) financing business. Its services include lending and deposits.

Company Financials
Financial Year
Ended on
Profit Before Tax
(Rs. in crore)
Profit After Tax
(Rs. in crore)
31-03-2022 3,549.25 2,707.93 200%
31-03-2021 3,278.01 2,487.26 180%
31-03-2020 3,438.67 2,501.84 50%

Fixed Deposits At a Glance