Interest Rates

INTEREST RATES-ON DEPOSITS (w.e.f. 1st November 2018)
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 7.95 8.00 8.08 8.25 7.95 8.25 5,413
24 8.19 8.25 8.33 8.50 8.19 8.87 5,887
36 8.65 8.71 8.81 9.00 8.65 9.84 6,476
48 8.65 8.71 8.81 9.00 8.65 10.29 7,058
60 8.88 8.95 9.05 9.25 8.88 11.13 7,783
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. will be paid on all Renewals, where the deposit is matured on or after 1st November, 2018.
Additional interest of 0.15% p.a. will be paid to employees of Shriram Group Companies and their relatives.