Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 15th Jun 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 7.49 7.54 7.61 7.75 7.49 7.75 5,388
24 7.72 7.77 7.85 8.00 7.72 8.32 5,832
36 8.28 8.34 8.42 8.60 8.28 9.36 6,404
48 8.28 8.34 8.42 8.60 8.28 9.78 6,956
60 8.28 8.34 8.42 8.60 8.28 10.21 7,553
Additional interest of 0.15% p.a on all Renewals, where the deposit is matured on or after 15th June 2018.
Additional interest of 0.15% p.a to employees and employee’s relatives. (All Shriram Group employees).
Deposits will be accepted in multiples of ₹1000/- subject to a minimum amount of ₹5000/- per deposit for cumulative deposits and ₹10000/- per deposit for non- cumulative deposits. Cumulative deposits can be renewed for maturity value.


INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 15th June2018)
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 7.72 7.77 7.85 8.00 7.72 8.00 5,400
24 7.95 8.00 8.08 8.25 7.95 8.59 5,859
36 8.51 8.57 8.66 8.85 8.51 9.66 6,449
48 8.51 8.57 8.66 8.85 8.51 10.10 7,020
60 8.51 8.57 8.66 8.85 8.51 10.56 7,640
* Completed age -60 years on the date of deposit/renewal.
Additional interest of 0.15% p.a on all Renewals, where the deposit is matured on or after 15th June 2018.
Additional interest of 0.15% p.a to employees and employee’s relatives. (All Shriram Group employees).
Deposits will be accepted in multiples of ₹1000/- subject to a minimum amount of ₹5000/- per deposit for cumulative deposits and ₹10000/- per deposit for non- cumulative deposits. Cumulative deposits can be renewed for maturity value.