|
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 |
| 24 |
7.44 |
7.49 |
7.56 |
7.70 |
7.44 |
8.00 |
5,800 |
| 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 |
| 60 |
8.09 |
8.15 |
8.23 |
8.40 |
8.09 |
9.94 |
7,485 |
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.