INTEREST RATES-ON FRESH DEPOSITS / RENEWALS (W. E. F 10th August 2022)

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 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
Additional interest of 0.50% 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 will be paid on all Renewals, where the deposit is matured.
Additional interest of 0.15% p.a will be paid to employees of Shriram Group Companies and their relatives.
Additional interest of 0.10% p.a. will be paid to Women Depositors.
Additional interest on Bulk Deposits is withdrawn.
All above tenures will be available for both offline and online investments.

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.