Product Details
Bank Name
Sundaram Finance Limited
Eligibility
Trusts
Foundations
Partnership firms
Companies
Resident individuals
Interest Rate
7.20-7.50%
Tenure
12-36 Months
Fixed Deposit Type
Regular
Cumulative Deposits
Tax Benefits
No
Credit Ratings
CRISIL AAA/Stable
Interest Payment Frequency
At Maturity
Cummulative/Non-Cummulative
Cumulative
Features
Minimum Deposit Rs. 10,000/- per account The tenure of the scheme ranges from 12 months to 36 months Seniors get a additional rate of 0.50% Premature withdrawal is permitted Maximum of three people can open a joint Deposit account
Minimum Investment Amount
Rs. 10,000/-
Fees and Charges
Pros
Higher Interest Rates
Potential for Greater Growth
Suitable for Long-Term Goals
Credibility and Safety
Cons
Lower Liquidity:
Limited Online Accessibility
Pros & Cons
Account Opening and Procedure
How to Open?
Download form from https://www.sundaramfinance.in/downloads
Application Procedure
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