Chennai, Oct 15…..Effective 16th October 2026, Sundaram Finance increases Deposit Interest Rates for One Year Tenure by 0.30%and by 0.25% for Two & Three-year tenure respectively for both Regular and Senior Citizens.
·Regular: The interest rate for One-year deposits has been increased from 6.70% p.a. to 7.00% p.a. For two years, it has been increased from 7% p.a. to 7.25% p.a. & for three years it has been increased from 7.25%p.a. To 7.50%p.a.
·Senior Citizens: The interest rate for One-year deposits has been increased from 7.20% p.a. to 7.50% p.a. For two years, it has been increased from 7.50% p.a. to 7.75% p.a. & for three years it has been increased from 7.75%p.a. To 8.00%p.a.
Sundaram Finance currently has a deposit base of ₹6,088 crore, reflecting the continued trust and confidence of its deposit holders. Company enjoys AAA rating Stable from both ICRA and CRISIL, denoting highest safety for deposits
