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Sundaram Finance Fixed Deposit Rates 2018

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 2018

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Sundaram Finance Fixed Deposit Rates 2018

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.

Given below is the revised list of Sundaram Finance FD Rates for cumulative deposits:

Sundaram Finance cumulative FD rates
Tenure	Regular FD Interest Rates (per annum)	Senior Citizen FD Interest Rates (per annum)
1 year	7.50%	8.00%
1 year & 6 months	7.50%	8.00%
2 years	7.75%	8.25%
3 years	7.75%	8.25%
4 years	6.75%	7.25%
5 years	6.75%	7.25%

*Interest rates may be revised from time to time

Sundaram Finance cumulative interest rates

Sundaram Finance offers a wide range of cumulative term deposit options for regular individuals and senior citizens
The deposit rate for a time period that ranges from 1 year and 1 year 6 months is 6.75% p.a.
An interest rate of 7.25% p.a. is paid for an investment period of 2 years to 3 years
For a tenure that ranges from 4 years to 5 years, the rate of interest paid is 6.75% p.a.
For senior citizens, the highest rate of interest paid is for 2 years and 3 years, where the annual percentage gain is 7.75% p.a.
For those who are 60 years and above, an interest rate of 7.25% p.a can be obtained from deposits held for 1 year, 1 year & 6 months, 4 years and 5 years

Sundaram Finance non-cumulative FD (monthly)
Tenure	Regular FD Interest Rates (per annum)	Senior Citizen FD Interest Rates (per annum)
36 months	7.21%	7.70%
48 months	6.71%	7.21%
60 months	6.71%	7.21%

Sundaram Finance monthly payable FDs

Investors can also choose to go for FDs, where interest payments will be paid on a monthly basis
To earn interest in this type of FD, the minimum investment period is 36 months, for which the interest rate applicable is 7.21% p.a. for regular individuals and 7.70% p.a. for senior citizens
The interest rate applicable for 48 months is 6.71% p.a. and 7.21% p.a. for those who are 60 years and above
For an investment period of 60 months, the rate of interest paid is 6.71% p.a. and 7.21% p.a.

ISundaram Finance non-cumulative FD (quarterly)
Tenure	Regular FD Interest Rates (per annum)	Senior Citizen FD Interest Rates (per annum)
12 months	6.75%	7.25%
18 months	6.75%	7.25%
24 months	7.25%	7.75%
36 months	7.25%	7.75%
48 months	6.75%	7.25%
60 months	6.75%	7.25%

Sundaram Finance quarterly payable FDs

There is also an option to go for quarterly interest paying term deposits that pay a competitive rate of return
The interest rate paid for 12 months and 18 months is 6.75% p.a. and for senior citizens the rate applicable is 7.25% p.a.
Senior citizens will get an interest rate of 7.75% p.a for a tenure that ranges from 24 months to 36 months
For regular individuals, the rate paid for 24 months and 36 months is 7.25% p.a.

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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