Main non-banking finance firm Sundaram Finance Ltd. has elevated the rates of interest on time period deposits for most people and senior residents for tenures of 1 to a few years with impact from October 16, 2022.
For most people, the speed on 12 months’ deposit has been elevated to six.65 per cent, in keeping with a statemet.
For twenty-four Months, fee has been elevated to 7 per cent and for 36 months, the speed has been elevated to 7.30 per cent.
Senior residents will get an extra curiosity of 0.35 per cent for one, two and three years, respectively. i.e, 7.00 per cent, 7.35 per cent and seven.65 per cent.
The present deposit stability of the corporate is ₹4219 crore.
