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INTEREST RATES-ON FRESH DEPOSITS / RENEWALS (W. E. F 10th August 2022)
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NORMAL SCHEME
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Non-Cumulative Deposits
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Cumulative Deposit
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Period (months)
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Monthly % P.A
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Quarterly % P.A
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Half Yearly %P.A
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Yearly % P.A
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Rate (p.a. at Monthly rests)
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Effective Yield
% P.A
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maturity value for
₹ 5000/-
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| 12 |
6.78 |
6.82 |
6.88 |
7.00 |
6.78 |
7.00 |
5,350 |
| 18 |
7.06 |
7.11 |
7.17 |
7.30 |
7.06 |
7.43 |
5,555 |
| 24 |
7.25 |
7.30 |
7.37 |
7.50 |
7.25 |
7.78 |
5,775 |
| 30 |
7.72 |
7.77 |
7.85 |
8.00 |
7.72 |
8.49 |
6,060 |
| 36 |
7.76 |
7.82 |
7.89 |
8.05 |
7.76 |
8.71 |
6,305 |
| 42 |
7.86 |
7.92 |
8.00 |
8.15 |
7.86 |
9.02 |
6,575 |
| 48 |
7.90 |
7.96 |
8.04 |
8.20 |
7.90 |
9.26 |
6,850 |
| 60 |
8.00 |
8.06 |
8.14 |
8.30 |
8.00 |
9.81 |
7,450 |
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Additional interest of 0.50% p.a. will be paid for Senior citizen (Completed age 60 years on the date of deposit/renewal)
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Additional interest of 0.25% p.a will be paid on all Renewals, where the deposit is matured. |
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Additional interest of 0.15% p.a will be paid to employees of Shriram Group Companies and their relatives. |
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Additional interest of 0.10% p.a. will be paid to Women Depositors. |
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Additional interest on Bulk Deposits is withdrawn. |
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All above tenures will be available for both offline and online investments. |
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Deposits will be accepted in multiples of Rs.1,000/- subject to a minimum amount
of Rs.5,000/-. Cumulative deposits can be renewed for maturity value.
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