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Sundaram BNP Paribas to revise interest rates

Press Trust of India  |  Chennai 

The Sundaram Home today announced a cut in its on by 50 basis points with effect from December 16.

for individuals other than senior citizens has been revised to 7.25 per cent on two and three year from existing 7.75 per cent, a company release said.

For senior citizens, have been revised to 7.75 per cent from the existing 8.25 per cent for which has two and three year tenure.

On deposits of 12 months and 18 months, interest rates for individuals have been revised to 6.75 per cent from existing 7.25 per cent and for senior citizens it has been revised to 7.25 per cent from current 7.75 per cent.

Sundaram BNP Paribas, a 50.1 per cent and 49.9 per cent joint venture between city-based and BNP Paribas, France, crossed the Rs 1,000 crore deposit portfolio in March 2016, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 14:57 IST