Sundaram Home Finance hikes interest rates for fixed deposits

The deposit base at Sundaram Home Finance stood at ₹2,295 crore as on 31 March 2026.

Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance, has increased the interest rates on 3, 4 and 5 year deposits effective August 1.

For regular category, the interest rate has been increased 0.25 per cent to 7.25 per cent for 3 year deposits and to 7.40 per cent for 4 and 5 year deposits.

For senior citizens, the interest rate has been increased by 25 basis points to 7.75 per cent for 3, 4 and 5 year deposits.

For trusts, the interest rate has been increased by 25 basis points to 7.50 per cent for 3, 4 and 5 year deposits.

“Deposits have historically been an integral and important source of funding and constitute about one fourth of our funding basket. We have always valued the faith and trust placed in us by the depositors whose base has now increased to over 15,000 with a renewal rate of over 75 per cent,” said D Lakshminarayanan, MD, Sundaram Home Finance.

The deposit base at Sundaram Home Finance stood at ₹2,295 crore as on 31 March 2026.

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