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Interest Rates
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS [Investment through online mode - Shriram Transport Website] (w.e.f. 1st January 2020)
| NORMAL SCHEME | |||||||
| Non cumulative Deposit | 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 Rs 5,000/- |
| 12 | 7.53 | 7.58 | 7.65 | 7.80 | 7.53 | 7.80 | 5,390 |
| 15 | 7.72 | 7.77 | 7.85 | 8.00 | 7.72 | 8.08 | 5,505 |
| 24 | 7.72 | 7.77 | 7.85 | 8.00 | 7.72 | 8.32 | 5,832 |
| 30 | 8.28 | 8.34 | 8.42 | 8.60 | 8.28 | 9.16 | 6,145 |
| 36 | 8.28 | 8.34 | 8.42 | 8.60 | 8.28 | 9.36 | 6,404 |
| 45 | 8.42 | 8.48 | 8.57 | 8.75 | 8.42 | 9.86 | 6,849 |
| 48 | 8.37 | 8.43 | 8.52 | 8.70 | 8.37 | 9.90 | 6,980 |
| 60 | 8.42 | 8.48 | 8.57 | 8.75 | 8.42 | 10.42 | 7,605 |
INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st January 2020)
| NORMAL SCHEME | |||||||
| Non cumulative Deposit | 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 Rs 5,000/- |
| 12 | 7.53 | 7.58 | 7.65 | 7.80 | 7.53 | 7.80 | 5,390 |
| 24 | 7.72 | 7.77 | 7.85 | 8.00 | 7.72 | 8.32 | 5,832 |
| 36 | 8.28 | 8.34 | 8.42 | 8.60 | 8.28 | 9.36 | 6,404 |
| 48 | 8.37 | 8.43 | 8.52 | 8.70 | 8.37 | 9.90 | 6,980 |
| 60 | 8.42 | 8.48 | 8.57 | 8.75 | 8.42 | 10.42 | 7,605 |
Additional interest of 0.25% 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 on or after 1st November 2019.
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.