Sundaram Finance hikes interest rates

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Chennai, Feb 24 (PTI): Non-banking finance company SundaramFinance has hiked its interest rates, effective from March 1.

For two and three year deposits, interest rates to seniorcitizens, has been increased from 9.25 per cent and 9.50 percent to 10 per cent respectively, Chennai-based SundaramFinance said in a statement.

For others it has been increased to 9.50 per cent for twoand three year deposits from the present nine per cent and9.25 per cent respectively.

For one year deposits, it has been revised to 9.75 percent from the present nine per cent for senior citizens.

For others, the interest rates on one year deposits hasbeen revised to 9.25 per cent from 8.75 per cent, thestatement added. PTI VIJ APR

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