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FIXED DEPOSITS

* Fulfilling the above criteria does not amount loan eligibility. All loans are subject to Approval by Shriram City Union Limited after sighting of original documents, successful verification and appraisal processes.

Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS [Investment through online mode - Shriram City Website] (w.e.f. 01st November 2019)
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
15 7.95 8.00 8.08 8.25 7.95 8.33 5,521
24 7.95 8.00 8.08 8.25 7.95 8.59 5,859
30 8.42 8.48 8.57 8.75 8.42 9.34 6,168
36 8.42 8.48 8.57 8.75 8.42 9.54 6,431
45 8.65 8.71 8.81 9.00 8.65 10.17 6,907
48 8.51 8.57 8.66 8.85 8.51 10.10 7,020
60 8.65 8.71 8.81 9.00 8.65 10.77 7,693
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 01st November 2019)
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 7.95 8.00 8.08 8.25 7.95 8.59 5,859
36 8.42 8.48 8.57 8.75 8.42 9.54 6,431
48 8.51 8.57 8.66 8.85 8.51 10.10 7,020
60 8.65 8.71 8.81 9.00 8.65 10.77 7,693
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.