Sundaram Finance Ltd, the Chennai-based non-banking financial company, is revising deposit interest rates effective July 1, 2025. This is in line with RBI’s repo rate revision announced recently.
Revised rates for senior citizens are 7.2 per cent for 12 months and 7.5 per cent for 24 and 36 months. Similarly for others 6.70 per cent for 12 months and 7 per cent for 24 and 36 months, says a release.
The adjustments reflect Sundaram Finance Ltd’s measured response to broader economic conditions and market dynamics and is a part of its financial strategy to align with current economic trends, the release said.
Attractive returns
Recently, the company introduced a digital deposit facility, making savings simpler, safer and more accessible than ever.
Customers can conveniently invest and manage their deposits digitally through a seamless and secure process, enjoying peace of mind and attractive returns. This online transaction can be initiated through the company portal, the release said.