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Sundaram Home hike deposit rates

CHENNAI: Sundaram Home Finance has hiked the interest rates for individuals and trusts. The new rates for individuals are 8 per cent (7.50 per cent) on one year deposits, 8.25 per cent (8 per cent) on two year deposits and 8.50 per cent (existing 8.50 per cent on three year) on 3-5 year deposits. The new rates for trusts are 8 per cent (7.50 per cent), 8.25 per cent (8 per cent) and 9 per cent on 3-5 year deposits (existing 8.5 per cent for 3 year deposits), according to a release.

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