Fixed Deposit Details
Bank Name
Sundaram Finance Limited
Eligibility
Trusts Foundations Partnership firms Companies Resident individuals
Interest Rate
Up to 8.25%
Tenure
12-36 Months
Fixed Deposit Type
Regular
Regular Fixed Deposit
Tax Benefits
No, Sundaram Finance Limited Regular Fixed Deposits (also known as Fixed Income Scheme) do not directly provide tax savings under Section 80C of the Income Tax Act, 1961.
Credit Ratings
CRISIL AAA/Stable
Interest Payment Frequency
Monthly or quarterly. 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
Non-Cumulative
Features
Minimum Deposit Rs. 10,000/- per account The tenure of the scheme ranges from 12 months to 36 months Seniors get an additional rate. Premature withdrawal is permitted. A Maximum of three people can open a joint Deposit account
Minimum Investment Amount
Rs. 10,000/-
Features & Benefits
Pros
- Competitive Interest Rates
- Credibility and Safety
- Flexible Investment Options
- Easy Liquidity
Cons
- Lower Interest Rates Compared to Other Investment Options
- Early Withdrawal Penalty
- Limited Online Accessibility
Pros & Cons
How to Open?
Download form from https://www.sundaramfinance.in/downloads
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T11:00:05Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
