Fixed Deposit Details
Bank Name
Sundaram Finance Limited
Eligibility
Trusts
Foundations
Partnership firms
Companies
Resident individuals
Interest Rate
Up to 8..93% per annum.
Tenure
12-36 Months
Fixed Deposit Type
Regular
Cumulative Deposits
Tax Benefits
No
Credit Ratings
CRISIL AAA/Stable
Interest Payment Frequency
At Maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
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/-
Features & Benefits
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 Procedure
How to Open?
Download form from https://www.sundaramfinance.in/downloads
Application Procedure
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