Sundaram Finance FD Rates

Sundaram Finance FDs offer a rewarding way for individuals, senior citizens, NRIs and other eligible entities to help them gain more through their savings. With a minimum deposit of ₹10,000, it provides a variety of flexible tenure options between 12 to 36 months, along with a mandatory lock-in period of 3 months.

Sundaram Finance FD caters to various individual needs with three types of fixed deposits: Cumulative FD, Non-cumulative FD, and NRI FD. With competitive rates ranging from 7.21% to 8.37% p.a., you can secure stable returns. Furthermore, senior citizens enjoy an additional 0.50% p.a. Interest along with premature withdrawal after 3 months. In case there is a need for emergency funds, there is a loan facility that allows up to 75% of the deposit amount at 2% higher interest.

Sundaram Finance FD Interest Rates

The Sundaram Finance FD rates for regular citizens ranges between 7.21% to 8.37% p.a. at various tenures starting from 12 months to 36 months. The fd rates in sundaram finance are:

Sundaram Finance Cumulative FD interest Rates:

Sundaram Finance Non-cumulative Interest Rates:

Sundaram Finance FD Rates For Senior Citizens

Sundaram Finance FD interest rates for senior citizens ranges between 7.64% to 8.93% p.a. at tenures between 12 months to 36 months. Senior citizens enjoy an additional interest rate of 0.50% p.a. On top of regular rates. The Sundaram Finance deposit rates are:

Sundaram Finance Cumulative FD Interest Rates for Senior Citizens

Sundaram Finance Non-cumulative FD Rates for Senior Citizens

Sundaram Finance FD Calculator

Estimate your potential returns on your fixed deposit by using an online FD calculator. The calculator offers you a convenient way to ensure that your investment plans align with your financial goals.

Input your deposit amount, interest rate and tenure to get the estimated maturity amount.

Another way to calculate the FD maturity amount is by using the formula:

A=P x (1+r/n)^nt

Where:
A = Maturity amount
P = Principal amount
r = Annual interest rate
n = Number of times interest is compounded per year
t = Tenure of the FD in years

For example:
P = ₹20,000
r = 7.45%
n = 1 year

Substituting these values into the formula:

A=20,000 x (1+0.0745/1)^1x 1

A=20,000 x (1.0745)

A=21,490

So, the maturity amount after 1 year for a fixed deposit of Rs. 20,000 at an interest rate of 7.45% per annum would be Rs. 21,490.

Types of Sundaram Finance FD

Sundaram Finance FD provides three distinct types of fixed deposits. Whether you want stable wealth growth, or save for your future, these FD types are varied to meet the needs for conservative investors, working women, companies, societies and others. With short-term to long-term options, each type of FD aims to deliver competitive returns while prioritising the safety and security of your funds.

The three FD types are:

• Cumulative FD: A cumulative fixed deposit is where Sundaram Finance adds the interest to the principal amount, which is then paid out altogether at maturity for pre-fixed tenure.
• Non-cumulative FD: Non-cumulative fixed deposits offer regular interest payouts at intervals chosen by you. Sundaram Finance offers monthly, quarterly, and annual interest payouts.
• NRI FD: Deposits for an NRI FD (Non-resident Indian) must be made in Indian Rupees through an NRO (Non-resident Ordinary) Account. The deposits will be accepted only from the depositor's NRO Account in India, not from NRE or FCNR(B) Accounts or inward remittances. The interest and principal will be credited to the depositor's NRO bank account, with tax deducted at the applicable rates. Non-resident depositors who are not accessible for income tax in India can provide an exemption certificate. However, tax may be deducted according to the DTAA if applicable. Furthermore, loan facilities against NRI Deposits are not available.

Features & Benefits of Sundaram Finance Fixed Deposits

Sundaram Finance offers the following features and benefits for eligible investors, these are:

• Competitive Interest Rates: Sundaram Finance FD interest rates range from 7.21% - 8.37% p.a. Offering you high yielding opportunities on your deposit.
• Flexible Tenures: You can choose from a range of flexible tenure options of 12 months to 36 months aligning your financial goals and preferences with your investment.
• Stable Returns: Sundaram Finance offers high effective yielding rates, helping you get assured returns on your fixed deposits.
• Nomination Facility: Sundaram Finance offers you the feature of nominating a beneficiary for your fixed deposit. This helps for smooth transfer of funds in case of unforeseen events.
• Loan against FD: You can avail a loan against fixed deposits. Where you can get 75% of the investment amount at 2% higher interest than your FD.
• Premature Payment: Fixed deposits with Sundaram Finance offers premature withdrawal of your FD after 3 months, but penalty will be charged on withdrawal.
• Minimum Deposit: You can start investing in a Sundaram Finance FD with a minimal deposit amount of ₹10,000.
• Senior Citizen Benefits: Senior citizens can enjoy a higher interest rate of 0.50% p.a. The interest rates offered for senior citizens range from 7.64% - 8.93% p.a.
• Diverse FD Options: Sundaram Finance offers diverse FD types like cumulative, non-cumulative and NRI FD types.

Premature Withdrawal of Sundaram Finance FD

Sundaram Finance FD online offers the option of premature withdrawal of your FD. This is a great advantage to investors when they need emergency funds. For the premature withdrawal of your Sundaram Finance FD, signatures of all depositors and first named depositor in joint deposits will be needed.

Here are the premature withdrawal rules in accordance to RBI:

• There will be no payments made if the withdrawal of FD is before 3 months.
• No interest will be given if the withdrawal is after 3 months but before 6 months.
• The interest will be 3% lower than the one-year rate if the withdrawal is after 6 months but before 12 months.
• The Sundaram Finance deposit rates will be 2% lower than the one-year rate if the withdrawal is after 12 months but before 24 months.
• The interest will be 2% lower than the two-year rate if the withdrawal is after 24 months but before 36 months.
• In case of the depositor's death there will be no interest for withdrawals.

Sundaram Finance Loan Against FD

You can get a loan against your FD with Sundaram Finance FD if your account is older than 3 months from the date of opening. Depending on your eligibility, Sundaram Finance offers 75% loan amount of the deposit amount at an interest rate of 2% higher than the FD interest rate.

At maturity, the payment is made after deducting the loan principal and interest, unless renewal instructions are given at least one week before maturity.