# Shriram Finance hikes FD rates by up to 0.40% from 11 October 2026-10-12T12:21:20+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Shriram Finance has raised fixed deposit interest rates by 0.15% to 0.40% across all tenures effective 11 October, the company announced. Senior citizens aged 60 or above get an additional 0.50% per annum, while women depositors receive an extra 0.05% per annum. The minimum deposit is Rs 5,000. The revision follows the Reserve Bank of India's 7 October repo rate hike of 25 basis points to 5.50%, the first increase since February 2023. The highest revised rate of 8.35% per annum is available to senior citizens on deposits of 36 to 60 months. Shriram Finance also revised its Fixed Investment Plan rates from 11 October, with women receiving an identical 0.05% extra benefit. ## Indian Opinion Analysis The RBI's repo rate hike to 5.50% on 7 October has triggered the first FD rate revision from a major NBFC, signalling that deposit rates across the financial system may now move up. For Shriram Finance's depositors, the higher rates improve real returns on fixed-income instruments, though the 0.50% senior citizen and 0.05% women bonuses remain unchanged. The company's AAA ratings shield it from funding concerns, but the pass-through of the full 25 bps repo hike to depositors leaves room for further increases if the RBI tightens again. No next rate-setting date has been announced. ## Coverage - livemint.com Leads with rate details and tables, no political slant This brief was synthesised by AI from the source linked above. Tags: fixed deposits, RBI, repo rate, Shriram Finance Canonical: https://indianopinion.org/shriram-finance-hikes-fd-rates-by-up-to-0-40-from-11-october/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/shriram-finance-hikes-fd-rates-by-up-to-0-40-from-11-october/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/