Deposits

Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS [Investment through online mode - Shriram Transport Website] (w.e.f. 1st October 2020)

Retail Deposit < = 5 croreBulk Deposit > 5 crore
Non cumulative  DepositCumulative DepositNon cumulative  DepositCumulative Deposit
Period (months)Monthly % p.aQuarterly % p.aHalf yearly % p.aYearly %p.aRate % (p.a. at Monthly rests)Effective yield % p.a. Maturity value for Rs 5,000/-Period (months)Monthly % p.aQuarterly % p.aHalf yearly % p.aYearly %p.aRate % (p.a. at Monthly rests)Effective yield % p.a. Maturity value for Rs 5,000/-
127.257.307.377.507.257.505,375127.487.537.607.757.487.755,385
157.447.497.567.707.447.785,485157.677.727.807.957.678.035,500
247.447.497.567.707.448.005,800247.677.727.807.957.678.275,825
307.867.928.008.157.868.666,080308.098.158.238.408.098.946,115
367.867.928.008.157.868.846,325368.098.158.238.408.099.136,370
457.907.968.048.207.909.176,720458.138.198.278.458.139.486,775
487.907.968.048.207.909.266,850488.138.198.278.458.139.586,915
608.098.158.238.408.099.947,485608.328.388.478.658.3210.287,570

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st October 2020)

Retail Deposit < = 5 croreBulk Deposit > 5 crore
Non cumulative  DepositCumulative DepositNon cumulative  DepositCumulative Deposit
Period (months)Monthly % p.aQuarterly % p.aHalf yearly % p.aYearly %p.aRate % (p.a. at Monthly rests)Effective yield % p.a. Maturity value for Rs 5,000/-Period (months)Monthly % p.aQuarterly % p.aHalf yearly % p.aYearly %p.aRate % (p.a. at Monthly rests)Effective yield % p.a. Maturity value for Rs 5,000/-
127.257.307.377.507.257.505,375127.487.537.607.757.487.755,385
247.447.497.567.707.448.005,800247.677.727.807.957.678.275,825
367.867.928.008.157.868.846,325368.098.158.238.408.099.136,370
487.907.968.048.207.909.266,850488.138.198.278.458.139.586,915
608.098.158.238.408.099.947,485608.328.388.478.658.3210.287,570

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 on all Renewals, where the deposit is matured.
Additional interest of 0.15% p.a to employees of Shriram Group Companies and their relatives.
Deposits will be accepted in multiples of 1000/- subject to a minimum amount of 5000/-.
Cumulative deposits can be renewed for maturity value.