Sundaram Finance’s wholly-owned subsidiary -- Sundaram Home Finance has revised the interest rates on term deposits with effect from Thursday, March 16, 2023. As a result, the interest rates for senior citizens on deposits of 12 months would be 7.95 per cent as against the earlier 7.70 per cent. For deposits of two to five years, the interest rates have been hiked to 8.25 per cent as compared to 8 per cent.
For individuals other than senior citizens, the company revised the interest rates to 7.45 per cent from the earlier 7.20 per cent on deposits of 12 months, 7.75 per cent on deposits of two and three years as compared to 7.50 per cent.
On deposits of four and five years, interest rates have been increased to 7.90 per cent from the earlier 7.65 per cent. For trusts, the interest rates increased to 7.45 per cent (from earlier 7.20 per cent) on one year deposits and 7.75 per cent from the current 7.50 per cent on two year deposits.
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 | 6464.45 |
| Shriram Finance | 2801.45 |
| Aditya Birla Capital | 182.95 |
| SBI Cards AndPayment | 675.15 |
| Mah & Mah Finl. Serv | 256.35 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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