Sundaram Finances revises interest rates

Kolkata, Aug 9 (UNI) Leading NBFC Sundaram Finance Limited today announced a downward revision in interst rates by 50 basis points for deposits for terms between one and three years.

According to a statement issued by the company, the revised interest rates, to be effective from August 16 were 9 per cent for one year, 9.5 per cent for two years and ten per cent for three years.

The statement said the revision was applicable for fresh deposits made and renewals due on and after August 16. Interest rates on the existing depositis would remain unchanged, it said.

UNI