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Sundaram Finance cuts deposit rates

CHENNAI: Sundaram Finance has announced a downward revision in interest rates by 50 basis points for one, two and three year deposits. The revised interest rates are 9 per cent for one year, 9.50 per cent for two years and 10 per cent for three years. The revised rates are effective from August 16. The revision is applicable to fresh deposits made and renewals due on and after August 16. Interest rates on existing deposits remain unchanged.

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