Interest Rate | Interest Payout | Maturity Amount |
---|---|---|
8.01 | ₹ 155379 | ₹ 568379 |
Period | Interest rate | Interest payout |
---|---|---|
Monthly | 8.01% | ₹ 2757 |
Quarterly | 8.01% | ₹ 2757 |
Half yearly | 8.01% | ₹ 2757 |
Yearly | 8.01% | ₹ 2757 |
Fixed Deposit Certificate will be sent to your registered email address.
Shriram Transport Finance Company gives the highest interest rate for Fixed deposit. You can earn up to 8.40% interest rates. Senior Citizens can enjoy higher additional returns of up to 0.40% and above the normal interest rates. You can earn maximum returns up to 10.54% effective yield
With Cumulative fixed deposits, you can earn maximum returns up to 10.54% at the end of the maturity with the help of compounding. You will earn interest on the invested amount and also on the interest you get.
With Non-cumulative Fixed Deposits, you can earn interest rates with the deposited money over a fixed time. By choosing a monthly, quarterly, half-yearly or yearly interest payout, you get a regular earning through interest payments.
In Fixed Deposits, you will enjoy liquidity in times of emergencies, as you can close the deposit to support your exigencies. You can also avail loan on your deposit.
There is a wide range of flexible tenure starting from 12 months to 60 months for efficient planning of short term and long term financial goals.
In the era of falling interest rates, Fixed deposits offer assured and stable returns.
Non Cumulative Deposit | Cumulative Deposit | |||||
---|---|---|---|---|---|---|
Period (months) |
Monthly % p.a |
Quarterly % p.a |
Half yearly % p.a |
Yearly % p.a |
Effective yield % p.a |
Maturity value for Rs 5,000/- |
12 | 7.25 | 7.30 | 7.37 | 7.50 | 7.50 | 5375 |
15 | 7.44 | 7.49 | 7.56 | 7.70 | 7.78 | 5485 |
24 | 7.44 | 7.49 | 7.56 | 7.70 | 8.00 | 5800 |
30 | 7.86 | 7.92 | 8.00 | 8.15 | 8.66 | 6080 |
36 | 7.86 | 7.92 | 8.00 | 8.15 | 8.84 | 6325 |
45 | 7.90 | 7.96 | 8.04 | 8.20 | 9.17 | 6720 |
48 | 7.90 | 7.96 | 8.04 | 8.20 | 9.26 | 6850 |
60 | 8.09 | 8.15 | 8.23 | 8.40 | 9.94 | 7485 |
Non Cumulative Deposit | ||||
---|---|---|---|---|
Period (months) |
Monthly % p.a |
Quarterly % p.a |
Half yearly % p.a |
Yearly % p.a |
12 | 7.25 | 7.30 | 7.37 | 7.50 |
15 | 7.44 | 7.49 | 7.56 | 7.70 |
24 | 7.44 | 7.49 | 7.56 | 7.70 |
30 | 7.86 | 7.92 | 8.00 | 8.15 |
36 | 7.86 | 7.92 | 8.00 | 8.15 |
45 | 7.90 | 7.96 | 8.04 | 8.20 |
48 | 7.90 | 7.96 | 8.04 | 8.20 |
60 | 8.09 | 8.15 | 8.23 | 8.40 |
Cumulative Deposit | ||
---|---|---|
Period (months) |
Effective yield % p.a |
Maturity value for Rs 5,000/- |
12 | 7.50 | 5375 |
15 | 7.78 | 5485 |
24 | 8.00 | 5800 |
30 | 8.66 | 6080 |
36 | 8.84 | 6325 |
45 | 9.17 | 6720 |
48 | 9.26 | 6850 |
60 | 9.94 | 7485 |
In the cumulative Fixed Deposit scheme, you will have no fixed interest payable over a monthly, quarterly, half-yearly, or yearly basis. The interest rate is compounded along with the principal and payable at the time of maturity.
In the non-cumulative Fixed Deposit scheme, the interest is payable on a monthly, quarterly, half-yearly, or yearly basis. The interest earned monthly under this scheme will be taxable. This scheme is most suitable for an individual who is in need of an interest payout periodically.
You can open a fixed deposit with the Company for a minimum tenure of 12 months to a maximum tenure of 60 months.
We accept investments from Individuals, companies, Partnership Firms, Hindu Undivided Family (HUF), Trust and Foundations, Unincorporated Associations, or Body of Individuals.
Subject to the FD scheme being open, the deposit may be renewed on maturity by submitting a duly filled fresh FD Application Form. It is necessary that the fresh FD Application Form should be submitted along with the duly discharged old FD receipt with revenue stamp of requisite value. The renewal will be subject to the terms and conditions of the FD scheme as applicable on the maturity date of the old deposit.
We have Monthly/Quarterly/Half Yearly and Yearly option for payment of interest. The interest is directly credited to the bank account via NEFT (National Electronic Fund Transfer).
The customer would need to submit the bank details in prescribed format [Click here to download Bank Details/Tax Status change Request Letter]. He also needs to submit a valid ID proof copy along with a personalized cancelled cheque (with his name printed), if not personalized, then a bank statement of the same account is needed. In the case of corporate a Board resolution for change in bank account details also is to be submitted.