Sundaram Home Finance to hike fixed deposit interest rates this week2 min read . Updated: 29 Nov 2022, 03:35 PM IST
Sundaram Home Finance to revise interest rates on FDs from Dec 1
With commencing on December 1, Sundaram Home Finance will adjust its interest rates on fixed deposits for trusts, individuals, and elderly people, the firm said on Tuesday. As a result, Sundaram Home Finance, a fully owned subsidiary of Sundaram Finance Ltd, will increase the rates on deposits for 12 months by 50 basis points for trusts, individuals to 7.15%) as opposed to 6.65% before, and senior citizens to 7.50% from 7% earlier. For elderly persons, the corporation will increase the interest rates to 7.50% from 7.35% for tenures of 24 months, 7.80% from 7.65% for tenures of 36 months, and 8% from 7.90% for tenures of 48 months.
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