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Sundaram Finance FD Rates

Established in 1954, Sundaram Finance is one of the oldest commercial vehicle financiers of India. Today, the company has grown into one of the most trusted financial services groups in India. Sundaram Finance has a nation-wide presence of nearly 640 branches, over two lakh depositors and three lakh commercial vehicle and car finance customers.

Fixed Deposit is a popular saving scheme offered by Sundaram Finance. Fixed Deposits offered by Sundaram Finance have been continuously rated AAA for 30 years by CRISIL.

Note: All information has been sourced from the official website of Sundaram Finance.

Sundaram Finance Fixed Deposit Interest Rates

(Interest rates subject to the bank’s discretion)

Term (Months)Senior Citizen**Rate (% p.a. at Quarterly rests for FD )Senior Citizen**Monthly Interest Rate % p.a. (FD)Rate (% p.a. at Quarterly rests for FD )Monthly Interest Rate % p.a. (FD)
12 months7.757.707.257.21
18 months7.757.707.257.21
24 months8.007.957.507.45
36 months8.007.957.507.45
  1. Interest Rates (effective August 26, 2019)
  2. The interest is paid on Monthly/Quarterly (March, June, September, December) intervals
  3. Minimum Deposit Rs. 10,000/- per account
  4. Interest rates on existing deposits remain unchanged till maturity
  5. Completed age 60 years on the date of Deposit/Renewal
  6. Senior citizens get an additional 0.50% interest per annum on a quarterly basis and 0.49% per annum on a monthly basis

Cumulative Fixed Deposit Interest Rates

FD termSenior Citizen** Interest rate per annumSenior Citizen**Cumulative DepositsSenior Citizen**Maturity Value forSenior Citizen **Effective Yield % p.a.Others Rate (p.a. at Quarterly rests)Others Cumulative DepositsOthers Maturity value forOthers Effective Yield % p.a.
12 months7.75%10,8001,0808.007.25%10,7401,0747.40
18 months7.75%11,2201,1228.137.25%11,1401,1147.60
24 months8.00%11,7201,1728.607.50%11,6001,1608.00
36 months8.00%12,6801,2688.937.50%12,5001,2508.33
  1. Interest Rates (effective August 26, 2019)
  2. **Completed age 60 years on the date of Deposit/Renewal

On maturity, the depositor can opt for:

  1. Payment of maturity amount
  2. Renewal of maturity amount
  3. Renewal for multiples of Rs. 1000/- (subject to a minimum balance of Rs. 10,000/- in the deposit account). E.g.; Rs. 10,720 can be rounded up to Rs. 11,000 or rounded down to Rs. 10,000.

Types of Sundaram Finance Fixed Deposit Schemes

There are two types of Fixed Deposits offered by Sundaram Finance -Regular Fixed Depositand Cumulative Fixed Deposit. A regular fixed deposit is a savings account where you make a one-time deposit for a fixed term at a pre-defined interest rate. Cumulative Deposit is a deposit where the accrued interest is payable on maturity along with the principal amount. Cumulative FD pays 8.00% per annum for a minimum tenure of 1 year or 12 months. However, it can go up to 8.93% per annum for a tenure of 36 months. The maximum tenure of the deposit is 3 years.

Documents Required for Sundaram Finance Fixed Deposit

The following documents are required to open a fixed deposit with Sundaram Finance

  1. PAN Card
  2. Application Form

How to Apply for Sundaram Finance Fixed Deposit Schemes

You can apply for Sundaram Finance Fixed Deposit by visiting the official bank branch and submitting the application form for FD in person along with a cheque or cash.