NEWS & ADVICE : FIXED DEPOSITS
Deposit rates hiked by Sundaram Finance
By Neelima Shankar
Jan 7, 2011
Print    Email    RSS   

Sundaram Finance, a non banking finance company (NBFC) has declared an increase in its deposit rates with effect from January 6, 2011.

As per the revised rates, deposits of 1 year maturity will offer interest of 8.75% as compared to 8% earlier while two and three year deposits will now earn the depositor 9% and 9.25% as compared to 8.25% and 8.50% respectively.

Senior citizens will be offered 9%, 9.25% and 9.50% interest as compared to 8.25%, 8.50% and 9% earlier for 1, 2 and 3 year deposits respectively.

The deposit base of the company amounts to more than Rs 11 billion.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
An Overview of Wealth Management Services...
Know all about non-bank fixed deposits
Carnival of Indian Personal Finance Blogs #3
Carnival of Indian Personal Finance Blogs...
Financial planning: a tool to retire...


NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive