FIXED DEPOSITS

Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS [Investment through online mode - Shriram City Website] (w.e.f. 1st May 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 7.53 7.58 7.65 7.80 7.53 7.80 5,390
15 7.76 7.81 7.89 8.05 7.76 8.12 5,508
24 7.76 7.81 7.89 8.05 7.76 8.37 5,837
30 8.13 8.19 8.27 8.45 8.13 8.99 6,124
36 8.13 8.19 8.27 8.45 8.13 9.18 6,377
45 8.41 8.47 8.56 8.75 8.41 9.85 6,848
48 8.13 8.19 8.27 8.45 8.13 9.58 6,916
60 8.41 8.47 8.56 8.75 8.41 10.42 7,605
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st May 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 7.53 7.58 7.65 7.80 7.53 7.80 5,390
24 7.76 7.81 7.89 8.05 7.76 8.37 5,837
36 8.13 8.19 8.27 8.45 8.13 9.18 6,377
48 8.13 8.19 8.27 8.45 8.13 9.58 6,916
60 8.41 8.47 8.56 8.75 8.41 10.42 7,605
Additional interest of 0.25% 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.