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Deposits

Interest Rates

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS [Investment through online mode - Shriram Transport Website] (w.e.f. 1st May 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/-
127.347.397.467.607.347.605,380
157.537.587.657.807.537.875,492
247.537.587.657.807.538.105,810
308.008.058.138.308.008.826,102
368.008.058.138.308.009.006,351
458.188.248.328.508.189.546,789
488.008.058.138.308.009.396,878
608.188.248.328.508.1810.077,518

INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f. 1st May 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/-
127.347.397.467.607.347.605,380
247.537.587.657.807.538.105,810
368.008.058.138.308.009.006,351
488.008.058.138.308.009.396,878
608.188.248.328.508.1810.077,518

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.