Chennai-based non-banking finance company Sundaram Finance has increased the interest rates on deposits across tenors with effect from June 10.
According to the revised rates, the interest on a 12-month regular deposit has been fixed at 6 per cent as against 5.5 per cent earlier, while the deposit rate for 24 months has been increased to 6.30 per cent (from 5.90 per cent). Interest rates on 36-month deposits have been fixed at 6.65 per cent (from 6.05 per cent).
Senior citizens will get 50 bps over and above the regulat deposit rates across tenors.