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NBFC Sundaram Finance Ltd revises interest rates on term deposits

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Non-banking company Ltd has revised the on term deposits for tenures of one to three years with immediate effect, the company said on Sunday.


Accordingly, the for deposits of up to 12 months has been increased to 6.65 per cent, for 24 months it has been hiked to 7 per cent, the company said in a statement.


For tenures of up to 36 months, the have been increased to 7.30 per cent.


Senior citizens would get an additional interest of 0.35 per cent for one year at 7 per cent, 7.35 per cent for tenures up to two years and 7.65 per cent for tenures up to three years.


The company said its deposit balance stood at Rs 4,219 crore.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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