Chennai Apr 27: NBFC major Sundaram Finance Limited today announced revision in interest rates on deposits with effect from May one.
A company release here said the interest rates on fresh deposits/renewals stand revised to 6.75 per cent (7 percent) per annum for 12 and 18 months and to 7 per cent (7.25 per cent) for 24 and 36 months.
The interest rate for Senior Citizens has been revised to 7 per cent (7.50 per cent) per annum for 12 and 18 months and to 7.25 per cent (7.75 per cent) per annum for 24 and 36 months.
With renewals above 80 per cent consistently, the company’s deposit base has crossed Rs 3 650 crores.(UNI)