non-banking finance company Sundaram Finance said on Saturday that the firm would review Rate of interest On deposit for general public and senior citizens from 16th November. For the public, the rate on one-year deposits will be 7.15 per cent against the existing 6.65 per cent; for 24 months it will be 7.15 per cent as against 7 per cent; The statement issued by the company said that it will remain unchanged at 7.30 percent on deposits of 36 months.

For senior citizens, the rate on one year deposits will be 7.50 per cent instead of 7 per cent; And for deposits up to 24 months, the rate will be 7.50 per cent as against 7.35 per cent.

The company said the interest rate on 36-month deposits will be 7.80 per cent as against 7.65 per cent.

The company said that the current deposits as on October 31, 2022 stood at Rs 4,273 crore.