The interest earned on Shriram Finance Ltd FDs can be paid out two different modes. One is cumulative option the interest compounded on a quarterly & paid on maturity of the FD. The other one is non- cumulative option which is paid monthly, quarterly, half yearly & yearly.
Interest is also compounded at monthly rest for Cumulative deposit and non-Cumulative deposit where interest pay-out is Quarterly/Half-yearly/Yearly. Interest [net of TDS, if any] will be credited to the depositor ledger on 31st March of each year.
Interest payment for Non-Cumulative Deposit will be made only through National Electronic Fund Transfer (NEFT) as per the below given schedule
Non-Cumulative – Monthly    :     Last day of every month
Non-Cumulative – Quarterly   :     Last day of March/June/September/December
Non-Cumulative – Half Yearly  :     Last day of March and September
Non-Cumulative -Yearly      :     Last day of March
Click here for more details about Shriram Finance Ltd Fixed Deposit