Sundaram Finance is all set to revise its interest rates on deposits for two and three years with effect from May 9. Accordingly, the interest rates would be 5.90 per cent as against 5.65 per cent on two year deposits and 6.05 per cent as against 5.80 per cent on three year deposits.
It has increased the interest rates offered to senior citizens to 6.40 per cent from 6.15 per cent on two year deposits, and 6.55 per cent as against 6.30 per cent on deposits with a tenure of three years. Meanwhile, the company has retained the interest rates on deposits for 12 months which remains at 5.50 per cent for regular and 6 per cent for senior citizens.
Sundaram Finance has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
