Considering investing a lump sum in Shriram Fixed Deposit?

Don't risk your capital for that extra 1-2% , NBFC are never that safe and there is no DGIC insurance alike banks which have upto 5 Lakhs of insurance if there's a default by bank. For an emergency fund, depositing with a bank is better.

Open a Kotak 811 Account. They have autosweep fd called Activmoney. Anything above 25k is put into an FD with 7% interest and no locking or penalties. When your bank balance goes below 10k it is automatically withdrawn.

Shriram finance? “The group had its beginning in chit funds business and later on entered the lending and insurance businesses.” 😅 short term ok but not for long term

I think stable money is the right platform to answer all of your queries related to fd, there you can compare all banks fd interest rates, whether they are providing insurance or not, personally I like the application and I am using it for my senior citizen parents for better returns as well. In case you are planning to install Please consider using my link, we both will get Amazon vouchers. https://stablemoney.app.link/qzQKCsNv4Eb

Emergency fund needs to be super liquid. Corporate FD (like Shriram) is not liquid at all, sometimes they have lock-in as well. Rather keep in FD with private sector bank where you can premature withdraw immediately into your bank account within a few minutes on mobile app. If you generally asking for investment advise to park your excess funds, then these corporate bonds are good enough. Haven’t heard of a default in the retail market in recent years - authorities won’t allow retail investors money to be hurt in any way.