News > Sundaram Home Finance hikes interest rates on FDs

Sundaram Home Finance hikes interest rates on FDs

Sundaram Home Finance has revised upwards interest rates on Fixed Deposits effective February 1. This is the fifth upward revision in the FD interest rates this financial year. For Senior Citizens On two-year deposits by Senior Citizens, the company has effected a 50 basis points increase in interest rates to 8% p.a (7.50%). On 1-year and 3-year deposits, the interest has been increased to 7.70% p. a (7.50%) and 8% (7.80%) respectively.