Deposit Interest Rates in the Fixed Deposits for Shriram City Union Finance. The new rates become effective from 16th November 2015.
The Interest Rates structure will be as under:
DEPOSIT (SCUF) NORMAL SCHEME (W.E.F. 16th Nov 2015) |
| Non cumulative Deposits | 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 5000/- |
12 | 8.42 | 8.48 | 8.57 | 8.75 | 8.75 | 5,437.50 |
24 | 8.42 | 8.48 | 8.57 | 8.75 | 9.14 | 5,914.00 |
36 | 8.65 | 8.71 | 8.81 | 9.00 | 9.84 | 6,476.00 |
48 | 8.65 | 8.71 | 8.81 | 9.00 | 10.29 | 7,058.00 |
60 | 8.65 | 8.71 | 8.81 | 9.00 | 10.77 | 7,692.50 |
Additional Interest for Senior Citizen Deposits has been reintroduced and will be 0.25%. The senior citizen benefit will be based on effective date /date of deposit. The investor must be /should have been a senior citizen on the date of deposit to get the benefit of senior citizen rate.
In case of renewals, if the maturity date is on or before 15th November 2015old rates will be applied and if the maturity date is on or after 16th November 2015 new rates will be applied.
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