Deposits

Interest Rates

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

NORMAL SCHEME
Non 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/-
127.257.307.377.507.257.505,375
157.447.497.567.707.447.785,485
247.447.497.567.707.448.005,800
307.867.928.008.157.868.666,080
367.867.928.008.157.868.846,325
457.907.968.048.207.909.176,720
487.907.968.048.207.909.266,850
608.098.158.238.408.099.947,485

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

NORMAL SCHEME
Non 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/-
127.257.307.377.507.257.505,375
247.447.497.567.707.448.005,800
367.867.928.008.157.868.846,325
487.907.968.048.207.909.266,850
608.098.158.238.408.099.947,485

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 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.