The Business Bytes
TBB BUREAU
NEW DELHI, DEC 31, 2022
Non-banking finance company Sundaram Finance on Saturday said that it would revise interest rate on its term deposits with effect from January 1, 2023.
The rate on 12-month deposit would be increased to 7.20 per cent, 7.50 per cent for a tenure of 24 months and for 36 months it would be 7.50 per cent, the company said in a statement here.
For senior citizens, the rate of interest would be 7.70 per cent for 12-month deposits, 8 per cent for 24 and 36 months, it added.
