Sundaram Finance’s wholly owned subsidiary -- Sundaram Home Finance is all set to revise its interest rates on fixed deposits for trusts, individuals and senior citizens with effect from December 1. The company would revise the rates by 50 basis points across trusts, individuals 7.15 per cent as against 6.65 per cent, senior citizens 7.50 per cent as against 7 per cent, on deposits for 12 months.
The company, for senior citizens, would revise the interest rates to 7.50 per cent as against 7.35 per cent for tenures of 24 months, 7.80 per cent from 7.65 per cent (36 months) and 8 per cent from 7.90 per cent for 48 months. For Trusts, the interest rates have been increased to 7.15 per cent for 24 months earlier 7 per cent, 7.80 per cent as against 7.65 per cent for 36 months and 8 per cent for tenures of 48 months as against 7.90 per cent.
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.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 917.75 |
| Shriram Finance | 1046.10 |
| Aditya Birla Capital | 344.35 |
| Chola Invest & Fin. | 1580.85 |
| Tata Capital | 335.70 |
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