Non-banking finance firm Sundaram Finance Ltd has revised the rates of interest on time period deposits for tenures of 1 to a few years with rapid impact, the corporate stated on Sunday. Accordingly, the rates of interest for deposits of as much as 12 months has been elevated to six.65 per cent, for twenty-four months it has been hiked to 7 per cent, the corporate stated in a press release.
For tenures of as much as 36 months, the rates of interest have been elevated to 7.30 per cent.
Senior residents would get a further curiosity of 0.35 per cent for one 12 months at 7 per cent, 7.35 per cent for tenures as much as two years and seven.65 per cent for tenures as much as three years.
The corporate stated its deposit stability stood at Rs 4,219 crore.