Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 01st 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


SENIOR CITIZEN 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 8.19 8.25 8.33 8.50 8.19 8.50 5,425
24 8.42 8.48 8.57 8.75 8.42 9.14 5,914
36 8.88 8.95 9.05 9.25 8.88 10.13 6,520
48 8.88 8.95 9.05 9.25 8.88 10.62 7,124
60 9.11 9.18 9.28 9.50 9.11 11.49 7,873
* 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.