Sundaram Finance hikes deposit rates across tenors

BL Chennai Bureau | | Updated on: Jun 09, 2022

Interest on a 12-month deposit has been fixed at 6 per cent as against 5.5 per cent earlier

Chennai-based non-banking finance company Sundaram Finance has increased the interest rates on deposits across tenors with effect from June 10. 

According to the revised rates, the interest on a 12-month regular deposit has been fixed at 6 per cent as against 5.5 per cent earlier, while the deposit rate for 24 months has been increased to 6.30 per cent (from 5.90 per cent). Interest rates on 36-month deposits have been fixed at 6.65 per cent (from 6.05 per cent).

Senior citizens will get 50 bps over and above the regulat deposit rates across tenors.

Published on June 09, 2022
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