CHENNAI, 29 NOV: Today, Sundaram Home Finance declared interest rates on fixed deposits have increased.

According to, the increase would take effect on December 1. corporate statement.

Since June, there have been four revisions made higher.

The business raised the rates for deposits for 12 months by Trusts and Individuals are divided into three groups by 50 basis points each.

7.50% p.a. for seniors and 7.15% p.a. for everyone else (7%). Seniors will receive 7.50% per year (7.35%), 7.80% per year (7.65%), and 8% p.a. (7.90%) on deposits for 24, 36, and 48 months.

The interest rates for Trusts have raised to 7.15% per annum (7%), on 24, 36, and 48 months, respectively, 7.80% p.a. (7.65%) and 8% p.a. (7.90%) deposits.

The charges were increased for those who weren’t seniors. on 24 and 48 months, to 7.15% per year (7%) and 7.65% per year (7.55%)  deposits.

In response to the increase in interest rates, Company MD.We have seen a decent inflow, according to Lakshminarayanan Duraiswamy. after the three prior modifications made upward since June, this of more than Rs. 250 crores.

Depositors are likely to discover this fourth upward modification, he claimed attractively.

Sundaram Home Finance reported a net income of 97.5 billion rupees In the first half of this year, there were payments totaling Rs. 1736 crores. (PHN)