Is Shriram Finance FD safe? ho i can trust on it
Hi,
Yes, Shriram Finance Fixed Deposits are generally considered relatively safe—but not completely risk-free. It carries strong credit ratings: “[ICRA]AA+ (Stable)” from ICRA and “IND AA+/Stable” from India Ratings & Research. These ratings suggest a high level of financial strength and low likelihood of default. Shriram Finance is a well-established, RBI-regulated NBFC with a long history of paying deposits reliably.
Unlike bank FDs, Shriram Finance FDs are not covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC). That means, in very rare cases of financial trouble, your money may not be fully protected.
Shriram Finance FDs are fairly safe, backed by high credit ratings and a long-standing reputation. But they are not insured like bank FDs, which means there is a small level of risk involved.