non-banking financial company Sundaram Finance Limited have modified interest rates on fixed deposits for a tenure of one to three years with immediate effect, the company said on Sunday. Accordingly, Rate of interest The deposit amount for up to 12 months has been increased to 6.65 per cent, for 24 months it has been increased to 7 per cent, the company said in a statement.

For tenures up to 36 months, the interest rates have been increased to 7.30 per cent.

Senior citizens will get additional interest of 0.35 per cent for one year, 7 per cent for one year, 7.35 per cent for tenures up to two years and 7.65 per cent for tenures up to three years.

The company said its deposits stood at Rs 4,219 crore.