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.