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Features & Rates
SUNDARAM FINANCE

Revised Interest Rates Effective from April 9th, 2012 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 9.67% 9.75%
18 9.67% 9.75%
24 9.43% 9.50%
36 9.43% 9.50%



Annual Yield of Cumulative Deposits (effective April 9th, 2012)


Term (months) Rate (p.a at Quarterly rests) Maturity Value for Effective Yield % p.a.
Rs.10,000 /- Rs.1,000 /-
12 9.75% Rs.11,010 /- Rs.1,101 /- 10.10%
18 9.75% Rs.11,550 /- Rs.1,155 /- 10.33%
24 9.50% Rs.12,070 /- Rs.1,207 /- 10.35%
36 9.50% Rs.13,250 /- Rs.1,325 /- 10.83%

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


SENIOR CITIZEN SCHEME
(COMPLETED AGE : 60 YEARS ON THE DATE OF DEPOSIT)


Term (months) Monthly % p.a. Quarterly % p.a.
12 10.16% 10.25%
18 10.16% 10.25%
24 9.92% 10.00%
36 9.92% 10.00%



Annual Yield of Cumulative Deposits (effective April 9th, 2012)


Term (months) Rate (p.a at Quarterly rests) Maturity Value for Effective Yield % p.a.
Rs.10,000 /- Rs.1,000 /-
12 10.25% Rs.11,070 /- Rs.1,107 /- 10.70%
18 10.25% Rs.11,640 /- Rs.1,164 /- 10.93%
24 10.00% Rs.12,180 /- Rs.1,218 /- 10.90%
36 10.00% Rs.13,450 /- Rs.1,345 /- 11.50%

* Completed Age 60 Years on the Date of Deposit
* Interest rates on existing deposits remain unchanged



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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