Check Out 3 Quick Steps to Open a Fixed Deposit Account with Shriram.
by Aravind Thakur Finance AnalystAn
investor always aims to save and have a financially secure future. There is no
better way to secure the future than opening a Fixed Deposit (FD) with one of
the best NBFCs (Non-Banking Financial Companies) in India, Shriram. In the
fixed deposit investment market, Shriram is considered one of the NBFCs that
offers the highest interest rates of 8.40% for a fixed deposit. Opening an FD with
Shriram is a 3-step simple process. It is about time to save big with Shriram
and make a better & secure future.
A fixed deposit has always been a go-to investment option for investors. However, the investment market has changed drastically, where NBFCs are offering competitive interest rates for their fixed deposit accounts. Check out how to open an FD account online and offline to kick start your investment journey today.
Corporate Fixed Deposit
A corporate fixed deposit is a reliable
investment tool offered by NBFCs to allow investors to save a considerable
amount and grow their wealth quickly. It is a long-term savings scheme in which
a lump sum of money is invested for a fixed tenure at an agreed-upon interest
rate between the investor and NBFC. However, the tenure will be decided by the
investor. The fixed interest rate will be determined by NBFCs depending on the
tenure.
Besides, a corporate fixed deposit with NBFCs like
Shriram would yield guaranteed and excellent returns because it offers the highest interest rate for an FD in
India.
3 Quick Steps to Open a Fixed Deposit with Shriram
Shriram allows you to open a fixed
deposit account online and offline. However, it is a must-known fact that the
fixed deposit tenure is restricted to specific years when you open an FD offline
and very flexible when you open an FD online. The table below shows the exact
tenures available both online and offline.
Months |
12 |
15 |
24 |
30 |
36 |
45 |
48 |
60 |
Online |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Offline |
Yes |
- |
Yes |
- |
Yes |
- |
Yes |
Yes |
You can check and choose the best
tenure according to your convenience and book Shriram’s Fixed Deposit. Let’s
look into the three quick steps to Shriram Fixed Deposit account online using
Shriram Website.
Step 1: Choose your most convenient scheme
along with the investment amount and tenure.
Step 2: Complete your deposit using the
internet banking facility offered by Shriram.
Step 3: Finally, fill in your KYC details,
add nominee details and read the FD maturity instruction.
Fixed Deposit Account Opening - Online
Basically, there are two ways through
which investors can open an FD account in 2022. Here is a guide that will help
you.
Before the technological advancements,
offline was the most hassle-free process to open an FD account. However,
nowadays, opening an account online for a fixed deposit is simple and quick.
However, before you open an account, use a fixed deposit calculator to find your maturity amount quickly and
the rate of interest offered according to your tenure by various NBFCs.
Let us now take a look at the online process.
- Finalise the NBFC you are interested in opening an FD account and visit their website.
- Use your existing login ID or create a new login ID.
- Choose the option “Open Fixed Deposit Account” from the menu available in the customer portal.
- Add mandatory details required to open an FD – Principal amount, Tenure and Nominee details.
- Use net banking to pay the principal amount to the NBFC to confirm your fixed deposit opening.
- Finally, download the Fixed Deposit Certificate and the receipt for your reference.
Fixed
Deposit Account Opening – Offline
Opening an FD by walking into an NBFC
branch is the most traditional process investors have followed. It allows them
to know the process better and complete it swiftly. Even if you are a new or
existing customer, the process of opening an FD office is the same.
- Check with customer support staff about the various FD schemes offered by that particular NBFC.
- Finalise and fill out the fixed deposit application form.
- Submit identity and address proof to complete your KYC (Know Your Customer).
- Once the bank verifies the KYC, you can deposit your amount in the fixed deposit account.
- You must know that opening a fixed deposit account is easier than choosing the most reliable NBFC. So, take a good amount of time to compare the interest rates and credit ratings and finalise your NBFC.
As discussed above, opening an FD
account is simple, but only when you provide the necessary proof of identity
and proof of address. Here is a list as follows;
Proof of
Communication Address:
- Bank Statement with Cheque
- Utility Bills (Telephone, Electricity, Post-Paid Mobile Phone, or Water Bill)
- Post-Office Issued Identification Card or Certificate, etc.
- Property Tax Bill
Proof of Identity:
- Driving License Card
- Voter ID Card
- Aadhaar Card
- Senior Citizen ID Card
- PAN Card
- Ration Card
Open
an FD with Shriram Now!
Understanding the essential documents
and the process involved in opening an FD account, you must now decide on the
best NBFC. In 2022, Shriram leads the race amongst NBFCs by offering
exceptional growth and secure savings. So, choose now and open an FD with
Shriram today!
Key Highlights
- It is always an aim for an investor to save and secure the future financially.
- There is no better way to secure the future than opening a Fixed Deposit (FD) with one of the best NBFCs (Non-Banking Financial Companies) in India, Shriram.
- Currently, in the fixed deposit investment market, Shriram is the NBFC/Company that offers the highest interest rate of 8.40% for a fixed deposit.
- So open an FD with Shriram in 3 quick steps to save big and create a better future.
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Created on Jul 25th 2022 23:44. Viewed 326 times.