This 30-year AAA-rated Fixed Deposit (FD) revises interest rates

Sundaram Finance is a well-known Non-Banking Financial Company (NBFC) with nearly 640 branches across the country. The Company’s term deposits are currently rated “AAA” (highest credit quality) by ICRA and CRISIL, and have been for 30 years. The company revised its fixed deposit plan interest rates on June 10, 2022 and now offers up to 6.65% return to regular customers and 7.15% return to seniors. A deposit of Rs. 10,000/- per account is required to earn interest at monthly/quarterly intervals by Sundaram Finance.

Sundaram Finance FD Rates

The company offers a fixed installment with a duration of 12 to 36 months under the non-cumulative option. The company offers a monthly interest rate of 5.97% to 6.61% to regular customers, and a quarterly interest rate of 6.00% on 12-month deposits, 6.30% on deposits at 24 months and 6.65% on deposits at 36 months. monthly deposits. Senior citizens, on the other hand, will benefit from monthly interest rates of 6.47%, 6.76%, 7.11% and quarterly interest rates of 6.50%, 6.80% and 7.15 % on deposits maturing in 12 months. 24 months and 36 months.

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Sundaram Finance DF (sundaramfinance.in)

Accumulated deposits

The cumulative option, as the name suggests, pays the accrued interest along with the principal at maturity. Sundaram Finance offers senior citizens a quarterly interest rate of 6.50% on 12-month deposits, 6.80% on 24-month deposits and 7.15% on 36-month deposits cumulative fixed. Under the cumulative option, the general public will benefit from interest rates of 6.00%, 6.30% and 6.65% on deposits of 12 months, 24 months and 36 months, respectively.

Sundaram Finance DF

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Sundaram Finance DF (sundaramfinance.in)

Sundaram Finance offers two alternatives for the maturity of deposits: rolling deposits or payment on maturity. According to the guidelines of the company, customers can renew their deposits from the due date only if renewal instructions are received within 2 months of the due date, or else they can take the amount of the deadline. In addition, in an emergency, a depositor may withdraw their money prematurely incurring a penalty; however, in the event of a depositor’s death, withdrawals may be withdrawn without penalty.

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