FIXED DEPOSITS

Interest Rates

 INTEREST RATES-ON FRESH DEPOSITS/RENEWALS [Investment through online mode -  Shriram City Website]   (w.e.f. 1st Aug 2020)
NORMAL SCHEME
Non-Cumulative Deposits Cumulative Deposit
Period (months) Monthly % P. A Quarterly % P. A Half yearly % P. A Yearly % P.A Rate (P.A at
Monthly rests)
Effective Yield
% P. A
maturity value
for ₹ 5000/-
12 7.25 7.30 7.37 7.50 7.25 7.50 5,375
15 7.44 7.49 7.56 7.70 7.44 7.78 5,485
24 7.44 7.49 7.56 7.70 7.44 8.00 5,800
30 7.86 7.92 8.00 8.15 7.86 8.66 6,080
36 7.86 7.92 8.00 8.15 7.86 8.84 6,325
45 7.90 7.96 8.04 8.20 7.90 9.17 6,720
48 7.90 7.96 8.04 8.20 7.90 9.26 6,850
608.098.158.238.408.099.947,485
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st Aug 2020)
NORMAL SCHEME
Non-Cumulative Deposits Cumulative Deposit
Period (months) Monthly % P. A Quarterly % P. A Half yearly % P. A Yearly % P.A Rate (P.A at
Monthly rests)
Effective Yield
% P. A
maturity value
for ₹ 5000/-
12 7.25 7.30 7.37 7.50 7.25 7.50 5,375
247.447.497.567.707.448.005,800
36 7.86 7.92 8.00 8.15 7.86 8.84 6,325
48 7.90 7.96 8.04 8.20 7.90 9.26 6,850
608.098.158.238.408.099.947,485
Additional interest of 0.40% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)
Additional interest of 0.25% p.a on all Renewals, where the deposit is matured on or after 1st November 2019.
Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.
Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.
Cumulative deposits can be renewed for maturity value.