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  • Sundaram Finance Fixed Deposit Rates 2019

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  • SUNDARAM FINANCE FD Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    1 Year to 3 Years
    7% - 7.75% Quarterly compounding
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Features
    Highlights
    Documents
    Good to Know

    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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    SUNDARAM FINANCE FD Rates Reviews

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