INTEREST RATES-ON FRESH DEPOSITS / RENEWALS (W. E. F 1st April 2021)
|
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 |
7.01 |
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 |
Additional interest of 0.40% 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 on or after 1st November 2019. |
Additional interest of 0.15% p.a will be paid to employees of Shriram Group Companies and their relatives. |
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.
|