Non cumulative Deposits

It is a deposit where the interest is being paid at Monthly / Quarterly intervals. Fixed deposits are accepted in multiples of Rs.1000/- subject to a minimum amount of Rs.10000/- per deposit account.

Interest Payment Date

Months in which interest is payable Quarterly


March, June, Sep, Dec

Interest Payment Modes:
  • Post Dated interest warrants sent direct to depositors
  • Direct to the depositor with bank details
  • Through RBI Electronic Clearance Service (ECS)
  • DD
Cumulative Deposits

Cumulative Deposits are accepted in multiples of Rs.1,000/- subject to a minimum amount of Rs.5,000/- per deposit account.
For Deposit interest rates Click here.

Application Procedure

For resident individuals & HUF, the list of documents required are:

Fresh application form

A/c payee cheque / Demand Draft / Pay order favoring Shriram Transport Finance Company Ltd.

To comply with “Know your customer " guidelines for NBFCs prescribed by the Reserve Bank Of India, first applicant should provide a certified copy of ID proof and Address proof.
Any of any one of the following KYC documents (which contains the photograph of the concerned first depositor) can be submitted for identification and proof of residential address


a) Passport
b) PAN Card with Address proof
c) Driving License
d) Voter’s Identity Card issued by Election Commission of India
e) Job card issued by NREGA duly signed by an officer of the State Government.
f) The letter issued by Unique Identification Authority of India containing details of Name, Address & Aadhar number.
g) Latest photograph.


a) HUF PAN card
b) Deed of declaration of HUF
c) Proof of identity and address (as per KYC documents mentioned for individuals) of the Karta.

Download the Shriram transport finance application form for deposits. Application Form, Form 15 H, Form 15 G, HUF Declaration
On Maturity On maturity the depositor can opt for:
  • Payment of maturity amount
  • Renewal of maturity amount
Maturity Payment
Discharge of deposit receipt


Anyone or Survivor A or S

Number One or Survivor N or S

Regular payment on maturity

Anyone of the depositors can sign

First depositor alone can sign

Maturity Intimation letter/Renewal Advice is being sent 15 days (2 months) in advance of the maturity date. The depositor has to surrender the Original Term Deposit Receipt duly signed (In case of Renewal, the depositor has to sign on the reverse of TDR without affixing a Revenue stamp; in case of Repayment, the depositor has to sign on the reverse of TDR affixing a Revenue stamp) along with renewal form signed by the depositor/ s / repayment instructions.

Premature withdrawal Discharge of deposit receipt


Anyone or Survivor A or S

Number One or Survivor N or S

Premature payment

All depositors have to sign

First depositor alone can sign

The company reserves the right to allow, at its absolute discretion, withdrawal of deposit before maturity. Where a deposit is so allowed to be prematurely withdrawn the relative deposit receipt must be discharged by all the depositors in case of A or S/ s deposit and by the first named depositor in case of N or S/ s deposit.

Before 3 months from the date of deposit/ renewal (Lock-in-period)

No repayment (Not applicable in case of premature repayment in the event of death of the depositor**)

After 3 months but before 6 months

No Interest*

After 6 months but before the date of maturity

The interest payable shall be 2 percent lower than the interest rate applicable to a depositor for the period for which the deposit has run or if no rate has been specified for that period, then 3 percent lower than the minimum rate at which deposits are accepted by the company*

* The above Rates are also applicable for Prematurity payment (PMP) in the case of a death of depositor.