Sundaram Finance FD Rates 19 Feb 2019 and Calculator

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Sundaram Finance Fixed Deposit Rates 2019

and 2 other FDs

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Deposit Amount Range

Tenure Range

Interest Rate

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Up to ₹1Cr

1 Year to 3 Years

7% - 7.75% Quarterly compounding

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Avail of loan facility upto 75% of principal and interest accrued
Auto-renewal on maturity available
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Up to ₹25L

1 Year to 5 Years

7.75% - 8.6% Monthly compounding

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Up to ₹25L

1 Year to 5 Years

7.72% - 8.65% Monthly compounding

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Sundaram Finance Fixed Deposit Rates 2019

Fixed Deposit BYTES FROM OUR KITCHEN

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Sundaram Finance offers depositors a high rate of interest and flexible interest payout options. Their Fixed Deposits (FDs) are all highly rated by the ICRA with an MAA, which means that their investments are safe. The deposit schemes have also been rated by CRISIL as FAAA stable.

The rates of interest for Sundaram Finance Fixed Deposit are divided amongst regular citizens and senior citizens on the basis of a monthly and quarterly rates. Those who are 60 years or above will be considered as senior citizens and can opt for a fixed deposit account and avail the benefit of a higher rate of interest.

The tenure for both regular and senior citizens ranges from 1 year to 3 years.

Senior citizens get an additional 0.50% as interest per annum on a quarterly basis and 0.49% per annum on a monthly basis.

Sundaram Finance term deposit interest rates for regular citizens are:

The interest on fixed deposits can be earned on a monthly or quarterly interval. March, June, September and December are the months which fall under quarterly basis.

Tenure	Rate of interest(Quarterly)	Rate of interest(Monthly)
12 months	7.75% per annum	7.70% per annum
18 months	7.75% per annum	7.70% per annum
24 months	8.00% per annum	7.95% per annum
36 months	8.00% per annum	7.95% per annum

For an investment which lasts for 12 months, the quarterly and monthly rate of interest is 7.75% per annum and 7.70% per annum respectively.
However, as seen, if a customer wants to invest for a longer time, such as 3 years, the rate of interest received increases to 7.95% per annum on a monthly basis and 8.00% per annum on a quarterly basis.

Sundaram Finance term deposit interest rates for senior citizens are:

Tenure	Rate of interest(Quarterly)	Rate of interest(Monthly)
12 months	8.25% per annum	8.19% per annum
18 months	8.25% per annum	8.19% per annum
24 months	8.50% per annum	8.44% per annum
36 months	8.50% per annum	8.44% per annum

The minimum amount for a deposit is Rs.10,000 for a term deposit.
Tenure for senior citizens is the same, however, the rate of interest increases to a great extent if a customer invests for a longer period of time. Long-term fixed deposits can get 8.50% per annum on a quarterly basis for a tenure of 3 years and 8.44% per annum on a monthly basis on the same tenure.

Sundaram Finance Cumulative Fixed Deposits -

Under the Sundaram Finance Cumulative Fixed Deposits, the interest is not paid monthly or quarterly but is given at the time of maturity along with the principal amount.

This can be opted by regular and senior citizens and the minimum amount for the deposit is Rs.10,000.
The tenure for this type of fixed deposit ranges from 1 year to 3 years and the rate of interest is higher when compared to term deposits.

Rates of interest for cumulative fixed deposits are:

For senior citizens -

Tenure	Rate of Interest (per annum)
12 months	8.50%
18 months	8.67%
24 months	9.15%
36 months	9.57%

Senior citizens can invest for a minimum of 1 year for a rate of interest of 8.50% per annum.
If a customer wishes to invest on a long-term basis, the rate of interest increases to a great extent and ranges from 9.15% per annum and 9.57% per annum for 2 years and 3 years respectively.

For regular citizens -

Tenure	Rate of Interest (per annum)
12 months	8.00%
18 months	8.13%
24 months	8.60%
36 months	8.93%

For regular citizens, a cumulative fixed deposit is a better option. The rate of interest is higher even though it will be paid once the tenure of the deposit is completed.
Sundaram cumulative FD pays 8.00% per annum for a minimum tenure of 1 year or 12 months but can go up to 8.93% per annum for a tenure of 36 months. The maximum tenure of the deposit is 3 years.

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News About Sundaram Finance Fixed Deposit

Sundaram Home Finance hikes FD interest rates
In a good news to fixed deposit investors, Sundaram Home Finance has gone on to increase the interest rates that are offered to selected tenures.

The finance company went on to hike the FD interest rate for a 12 month and an 18 month tenure. This change will be effective from June 22, 2018. At present, the bank pays at revised rate of 7.00% p.a for a 12-month investment peros and for the dame duration senior citizens will be able to get 7.50% p.a. On the other hand, the interest rate paid for a period of 18 months is 7.25% p.a. and 6.75% for those who are 60 years of age and older. These interest rates are applicable on all quarterly rest deposit plans offered by the home finance company.

It is important to note here that the interest rates that are paid for tenures that range from 2 years to 5 years have not been revised as of now.

21 June 2018
Sundaram Finance FD rating upgrades to FAAA

The ratings of the Sundaram BNP Paribas Home Finance Fixed Deposit (FD) scheme has been upgraded to FAAA by CRISIL. This gives the Sundaram FD a stable outlook.

According to Srinivas Acharya, the rating has been upgraded because the company has seen tremendous growth opportunities and there has also been a good number of loan disbursements. It is expected that the upgraded ratings will help increase Sundaram's deposit base.

As of now, Sundaram has more than Rs.1,000 crore as deposit base and the company is aiming to double this number.

The company saw a 32% growth rate as far as loan disbursements were concerned in the second quarter of the present financial year. There continues to be good traction as far as home loans are concerned.

28 December 2017
Rate of Interest cut on the deposits by Sundaram Finance

An announcement has been made by the Sundaram Finance group that a downward revision will take place in the rates of interest applicable on deposits. The rates after the revision will be in effect on and from October 16, 2016. From that time, the rate of interest associated with deposits of 12 months or 18 months will go down to 7.50% from 8%.The rate of interest associated with fixed deposits of 24 months or 36 months has been brought down to 7.75% from 8%.

In case of senior citizens, , the rate of interest associated with deposits of 12 months or 18 months will go down to 8% from 8.50%. Also, , the rate of interest associated with deposits of 24 months or 36 months will go down to 8.25% from 8.50%. The deposits for Sundaram Finance exceeded a total amount of Rs.2,000 crore. This happened because they had a depositor base of more than 2.50 lakhs. The renewal rate made by the depositors at Sundaram Finance stands at 80%. This information has been released by the company.

14 October 2016
Interest rate revision in NBFC Sundaram Finance

Sundaram Finance, which is a non-banking finance company (NBFC), has slashed the interest rates of its fixed deposits. With effect from April 01, 2016, the rates on deposits will be revised by 25 basis points. Senior citizens fixed deposits interest rates have also been slashed from 8.75% to 8.50% per annum for all terms.
In a statement, a spokesperson of the company said that interest rates for regular deposits with tenures 12, 18, 24, and 36 months have been reduced from 8.25% to 8% per annum. The company also saw an increase in the company’s deposit balance, which crossed Rs 2,200 crore.

1 April 2016
Sundaram Finance to cut its interest rate on deposits

Sundaram Finance will cut their deposit rate by 25 basis points effective from 16th October 2015. Fixed or Cumulative deposits for tenures for different terms like 12, 18, 24, and 36 months, will now have an interest rate of 8.25% as compared to the 8.5% earlier. The rate of interest for even Senior citizens deposits will be lesser from 9% to 8.75% for all tenures. Sundaram Finance has a deposit balance of Rs. 2,100 crore, and the net accretion of deposits are the highest ever in the company's history amounting to Rs. 259.15 crore.

15 October 2015