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Features & Rates
SUNDARAM FINANCE

Revised Interest Rates effective December 16th, 2016 for Fresh/Renewal deposits only
Interest rates payable on Fixed Deposits for different Interest Payment Frequencies
Term (months) Monthly % p.a. Quarterly % p.a.
12 6.96% 7.00%
18 6.96% 7.00%
24 7.21% 7.25%
36 7.21% 7.25%

Annual Yield of Cumulative Deposits (effective December 16th, 2016)
Term (months) Rate (p.a at Quarterly rests) Maturity Value for Effective Yield % p.a.
Rs.10,000 /- Rs.1,000 /-
12 7.00% Rs.10,720/- Rs.1,072/- 7.20%
18 7.00% Rs.11,100/- Rs.1,110/- 7.33%
24 7.25% Rs.11,550/- Rs.1,155/- 7.75%
36 7.25% Rs.12,410/- Rs.1,241/- 8.03%

* Minimum Deposit Rs.10,000/- per account
* Interest rates on existing deposits remain unchanged till maturity.

SENIOR CITIZEN SCHEME (effective December 16st, 2016)
(COMPLETED AGE : 60 YEARS ON THE DATE OF DEPOSIT/RENEWAL)
Term (months) Monthly % p.a. Quarterly % p.a.
12 7.45% 7.50%
18 7.45% 7.50%
24 7.70% 7.75%
36 7.70% 7.75%

Annual Yield of Cumulative Deposits (effective December 16st, 2016)
Term (months) Rate (p.a at Quarterly rests) Maturity Value for Effective Yield % p.a.
Rs.10,000 /- Rs.1,000 /-
12 7.50% Rs.10,770/- Rs.1,077/- 7.70%
18 7.50% Rs.11,180/- Rs.1,118/- 7.87%
24 7.75% Rs.11,660/- Rs.1,166/- 8.30%
36 7.75% Rs.12,590/- Rs.1,259/- 8.63%

* Please enclose a copy of anyone of the following documents at the time of Deposit/Renewal as proof of Date of Birth
1. PAN Card   2. Passport   3. SSLC Certificate   4. Driving Licence   5. Pension Card   6. LIC Policy   7. Health Insurance Policy   8. Election Identity Card   9. Ration Card   10. Any other Government Certified Proof

Method of interest credit

Interest warrants crossed 'Account Payee' could be dispatched:

  • Direct to the depositor
  • Direct to the depositor with bank details
  • Direct to the bank under advice to the depositor
  • Through RBI Electronic Clearance Service (ECS)

The following table details the Bank on which the Interest Warrants are drawn, branches at which At Par facility is available and places where ECS facility is available.

Interest Warrant Date Last date of every month
Drawee Bank State Bank of India
At Par Branches All Branches
ECS Ahmedabad
Chennai
Bangalore
Hyderabad
Kolkata
Mumbai
Delhi
Madurai
Coimbatore
Thiruvananthapuram
Nagpur
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