Features & Rates - SF
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Sundaram Finance
Revised Interest Rates Effective September 07, 2009 for Fresh/Renewal deposits only
Interest rates payable on Fixed Deposits for different Interest Payment Frequencies
Term
(months) |
Monthly
% p.a. |
Quarterly
% p.a. |
12 |
* |
7.50% |
24 |
* |
8.00% |
36 |
8.44% |
8.50% |
* Monthly interest option only for 36 Months Fixed Deposits @ 8.44% p.a.
* Minimum Deposit Rs.10,000/- per account
* Interest rates on existing deposits remain unchanged
* Application forms can be had on request
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Annual Yield of Cumulative Deposits (effective September 07, 2009)
| Term (months) |
Rate
(p.a at Quarterly
rests) |
Maturity Value for |
Effective Yield % p.a. |
Rs.10,000/- |
Rs.1,000/- |
12 |
7.50% |
Rs.10,770/- |
Rs.1,077/- |
7.70% |
24 |
8.00% |
Rs.11,720/- |
Rs.1,172/- |
8.60% |
36 |
8.50% |
Rs.12,870/- |
Rs.1,287/- |
9.57% |
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Method of interest credit
Interest warrants crossed ‘Account Payee’ could be dispatched:
- Direct to the depositor
- Direct to the depositor with bank details
- Direct to the bank under advice to the depositor
- Through RBI Electronic Clearance Service (ECS)
The following table details the Bank on which the Interest Warrants are drawn, branches at which At Par facility is available and places where ECS facility is available.
| Interest Warrant Date |
16 |
| Drawee Bank |
State Bank of India |
| At Par Branches |
All Branches |
| ECS |
Ahmedabad
Chennai
Bangalore
Hyderabad
Kolkata
Mumbai
Delhi
Madurai
Coimbatore
Thiruvananthapuram
Nagpur
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