AAA rated company FD increased interest rates, now offers up to 7.80%

Sundaram Finance FD Rates

On non-cumulative deposits maturing in 12 to 24 months, the company has increased the annual interest rate to 7.15% annually, 6.93% monthly and 6.97% quarterly. On non-cumulative FDs maturing in 36 months, the company has increased the interest rate to 7.30% annually, 7.07% monthly and 7.11% quarterly. On non-cumulative deposits maturing in 12 to 24 months, the company has increased the annual interest rate to 7.50% annually, 7.25% monthly and 7.30% quarterly for senior citizens. On non-cumulative FDs maturing in 36 months, the company has increased the interest rate to 7.80% annually, 7.53% monthly and 7.58% quarterly for senior citizens. On non-cumulative FDs, customers can earn interest at monthly/quarterly (March, June, September, December) intervals.

Sundaram Finance Cumulative FD Rates

Interest is payable on maturity along with the principal amount on a cumulative FD. On cumulative deposits maturing in 12 to 24 months, the company has increased the annual interest rate to 7.15% per annum, up to 7.30% on those maturing in 36 months. On cumulative deposits maturing in 12 to 24 months, the company has increased the annual interest rate to 7.50% for senior citizens and 7.80% for deposits of 36 months.

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Senior individuals are entitled to an additional 0.5% annually. The company has a diversified presence in a variety of financial services and products including mutual funds, housing finance, general insurance, information technology, business process outsourcing and retail distribution. Sundaram Finance Ltd. mentions on its website that “Long term lending is currently rated “AAA” (highest degree of security), with a “stable outlook” and AA+ (higher degree of security) by ICRA and CRISIL. has been done. Stable outlook” by India Ratings. Short-term lending (including CP) is rated “A1+”/P1+ (Very Strong Degree of Security).”