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New deposit rates from Sundaram Finance

CHENNAI: Sundaram Finance has announced its interest rates on fixed and cumulative deposits with effect from May 1. The company will be paying 9.5 per cent (quarterly) on fixed deposits of 12 months, 10 per cent (24 months) and 10.5 per cent (36 months). Monthly interest is payable only on fixed deposits of 36 months at 10.41 per cent annum. The minimum deposit will be Rs. 10,000.

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