Which is the Best Fixed Deposit Scheme in India?

  • Deposit
  • 25 Days ago

Written by - Shriram

ICC (International Cricket Council) releases cricket teams’ standing charts every month. Although the teams swap positions every single month, only the best and most consistent cricket team stays on top of the standings.  

Likewise, do you know the best investment option in India? A Fixed Deposit (FD) scheme is the best choice. It always stays on top of all the other investment options because it offers assured returns, reasonable interest rates and growth at zero risk. 

If you are looking for the best-fixed deposit scheme in India that offers guaranteed returns and growth, a company fixed deposit scheme from an NBFC like Shriram is the best choice for monthly income and income at maturity.

What is a Fixed Deposit?  

A fixed deposit is an investment tool offered by banks and NBFCs to assist seasoned and new investors grow their wealth securely. Besides, an FD aids in multiplying the savings without exposing funds to market risks. A fixed deposit is famous because it offers growth at zero risk and ensures great returns at maturity. The most interesting fact about a fixed deposit scheme is that you can double your investment profit if you reinvest the lump sum accrued interest you receive at maturity into a new fixed deposit scheme. 

While the entire investment market hit rock bottom during the COVID-19 economic crisis, a fixed deposit was one of the few investment options that kept the investors' funds safe and offered assured returns without any impact on the interest rates. 

Do You Want to Invest in the Best Fixed Deposit Scheme in India? 

We have progressed significantly since a Fixed Deposit (FD) was popular just among traditional investors. As Non-Banking Financial Companies (NBFCs) like Shriram offers alluring interest rates, many new-age investors have started trusting fixed deposit and making significant investment decisions with fixed deposit. Building a solid investment portfolio is very important in today's economic conditions.

Besides, it is also essential to make deposits in the best investment options that are profitable and stable. Thus an FD with Shriram, the NBFC that offers one of India’s highest interest rates of up to 8.75% per annum, including an additional 0.50% per annum for senior citizens, is the best company fixed deposit scheme. 


Whether you are an experienced investor or a new investor who is simply beginning to expand an investment portfolio, a fixed deposit offers every one of the advantages of earning a monthly income or getting a huge maturity amount (principal + accrued interest) at the end of tenure. Moreover, you must know that a fixed deposit is the best dependable investment choice that assists you in accomplishing your future plans effortlessly. 

Shriram Fixed Deposit is One of the Best Fixed Deposit Schemes in India

Shriram is India's renowned and most trusted NBFC, with more than 2.11 million happy customers. The company is additionally rated "[ICRA]AA+ (Stable)" by ICRA (Investment Information and Credit Rating Agency of India Limited), Which demonstrates high credit quality for the safety of investments. As interest rates play a crucial part in a fixed deposit investment, Shriram offers a profitable interest rate of up to 8.75% per annum, including 0.50% per annum for senior citizens. This allows investors in India to book an FD with Shriram and deposit a huge amount of money with the surety of earning big at maturity. 

Shriram offers one of the best-fixed deposit schemes in India, which calculates compounding interest on a monthly basis. These FD schemes will not benefit the investors regularly but also help them multiply their investment and build a profitable investment portfolio for the future.

Top 5 Benefits of Investing in the Best FD Scheme with Shriram 

Shriram is one of the few financial institutions that offer a lot of advantages to investors looking for short-term and long-term investment choices.  
Here are the top five benefits you can leverage when you invest in a fixed deposit with Shriram. 

Assured Higher Returns - Shriram Fixed Deposit is one of the best-fixed deposit schemes because it offers one of the highest interest rates in India, up to 8.75% per annum.  

Also, the FD interest rates from Shriram do not fluctuate based on market performance. Hence you receive a stable monthly income if you have invested in a non-cumulative fixed deposit scheme. 

Super-Quick Liquidity - In the midst of financial crises, you can liquidate your funds from Shriram Fixed Deposit easily and quickly with a minimum penalty amount or percentage. However, if you do not want to liquidate your funds or break your fixed deposit, you can always take a loan against your FD and meet all your financial demands.  

Earn Monthly Income - When you book a non-cumulative fixed deposit scheme with Shriram, you can earn income on regular payouts like monthly, quarterly, half-yearly and yearly. At maturity, you will get your principal amount without any reductions, which you can reinvest and make profitable returns. 

Flexible Investment Tenure and Amount – When you book a fixed deposit scheme in 2022, you get the privilege to choose the tenure of your investment. In addition, you can also open an FD with Shriram for as low as Rs. 5000 and increase it by multiples of Rs. 1000. 

Special Interest Rates for Senior Citizens –Senior citizens usually look for safe investment options that multiply their retirement benefits. Shriram Fixed Deposit provides an extra interest rate of 0.50% per annum on top of the standard interest rate of 8.25% for senior citizens to park their funds and double it over time. These additional interest rates allow senior citizens to earn a reasonable income even after retirement.

Invest with the Best Fixed Deposit Scheme in India

By now, you know that Shriram offers one of the top and best-fixed deposit schemes that solely benefit investors and allow them to earn big at maturity. Although there is growing competition in the investment market, Shriram does not shy away but offers one of the highest interest rates of up to 8.75% per annum for a fixed deposit account.  

Also, as Shriram is trusted by millions of customers and is rated high for safety by ICRA and India Ratings and Research, you can make the best choice now to book an FD with Shriram. 

FAQs 

Which fixed deposit scheme is the best in India? 

Shriram Fixed Deposit is one of India's top and best-fixed deposit schemes because it offers assured returns, higher interest rates than banks, quick liquidity and loans against your FD. 

Which FD gives the highest returns? 

Shriram Fixed Deposit is the fixed deposit scheme that gives one of the highest returns compared to many banks and NBFCs in the investment market.

How many years will it take to double your FD investment? 

You can find the time duration it takes to double your FD by dividing 72 with the highest interest rate. And, as Shriram offers one of the highest interest rates for an FD, you are assured to double your investment money quickly. Check your maturity amount with Shriram Fixed Deposit Calculator. 

Key Highlights 

  • A Fixed Deposit (FD) scheme is the best. It always stays on top of all the other investment options because it is the only investment option that offers you assured returns, reasonable interest rates and growth at zero risk.  
  • A fixed deposit is the go-to investment option for many investors because it performs consistently and does not fluctuate amidst market fluctuations.   
  • Although there is growing competition in the investment market, Shriram does not shy away but offers one of the highest interest rates of up to 8.75% per annum for a fixed deposit account. 
  • A company fixed deposit scheme from an NBFC like Shriram is the best choice for monthly income and income at maturity.