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INTEREST RATES-ON FRESH DEPOSITS / RENEWALS (W. E. F 1st April 2021)
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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 |
7.01 |
7.06 |
7.12 |
7.25 |
7.01 |
7.25 |
5,360 |
| 15 |
7.25 |
7.30 |
7.37 |
7.50 |
7.25 |
7.57 |
5,470 |
| 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 |
7.72 |
7.77 |
7.85 |
8.00 |
7.72 |
8.66 |
6,300 |
| 45 |
7.81 |
7.87 |
7.94 |
8.10 |
7.81 |
9.05 |
6,695 |
| 48 |
7.81 |
7.87 |
7.94 |
8.10 |
7.81 |
9.14 |
6,825 |
| 60 |
7.95 |
8.01 |
8.09 |
8.25 |
7.95 |
9.73 |
7,430 |
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Additional interest of 0.40% 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 on or after 1st November 2019. |
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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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Deposits will be accepted in multiples of Rs.1,000/- subject to a minimum amount
of Rs.5,000/- per deposit for cumulative deposits and Rs.5,000/- per deposit for
non-cumulative deposits. Cumulative deposits can be renewed for maturity value.
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