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Deposits

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.