Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 22nd August 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 7.72 7.77 7.85 8.00 7.72 8.00 5,400
24 8.00 8.05 8.13 8.30 8.00 8.64 5,864
36 8.42 8.48 8.57 8.75 8.42 9.54 6,431
48 8.42 8.48 8.57 8.75 8.42 9.97 6,994
60 8.42 8.48 8.57 8.75 8.42 10.42 7,605
Additional interest of 0.25% p.a on all Renewals, where the deposit is matured on or after 22nd August 2018.
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/- 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. 22nd August 2018)
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 7.95 8.00 8.08 8.25 7.95 8.25 5,413
24 8.23 8.29 8.37 8.55 8.23 8.91 5,891
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 8.65 8.71 8.81 9.00 8.65 10.77 7,693
* 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 22nd August 2018.
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/- per deposit for cumulative deposits and ₹10000/- per deposit for non- cumulative deposits. Cumulative deposits can be renewed for maturity value.