Sundaram Fin hikes term rates to 10.25%

Non-banking finance company (NBFC) Sundaram Finance has increased the interest rates on one year deposits by 0.50 per cent.

Written by Agencies | Chennai | Published: April 2, 2012 2:16 pm

Non-banking finance company (NBFC) Sundaram Finance has increased the interest rates on one year deposits by 0.50 per cent.

Mutual Funds Check for top funds

The new rates are applicable for both senior citizens and others with effect from April 9,2012,a company statement said.

The Chennai-based company would now pay 10.25 per cent on 12 to 18 month deposits,10 per cent on 24 to 36 month deposits,and 9.75 per cent on 12 to 18 month deposits for senior citizens,it added.

For others,the company would pay 9.50 per cent on 24 to 36 month deposits,it added.

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results