Sundaram Finance has announced a revision in interest rates on deposits effective December 16.
The revised interest rate applicable for 12 and 18-month deposits shall be 7.00 per cent per annum, and for 24 and 36-month tenure, the rate shall be 7.25 per cent, according to a statement.
Similarly, the interest rate for senior citizens stands revised to 7.50 per cent per annum for 12 and 18 months and 7.75 per cent for 24 and 36 months. The deposit balance of the company is ₹ 2.415 crore.