Sundaram finance hikes interest rate on FDs

Chennai, Sep 18 (UNI) Sundaram Finance Limited today announced increase in the interest rates of Fixed Deposits (FDs) by 0.5 per cent.

The revised interest rates of eight per cent for the first two years and 8.5 per cent for FDs upto three years would be effective from September one this year.

Sundaram Finance Managing Director T T Srinivasaraghavan said the upward revision in interest rates reflects the current interest rate environment and was in line with market trends.

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