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Sundaram BNP Paribas raises interest rates on deposits across categories

For individuals, the rate has been increased to 7.75 per cent for deposits for 12 and 18 months

Press Trust of India  |  Chennai 

Interest rates

Sundaram BNP Paribas, a joint venture between company Limited and Personal Finance, has revised the on deposits.

In a press statement here Saturday, the city-based said the for senior citizens has been hiked to 8.25 per cent against 8 per cent on deposits for 12 and 18 months.

For 24 and 36 months, the rate is 8.50 per cent against 8.25 per cent earlier.

For deposits of 48 and 60 months, it is at present 8.50 per cent (7.75 per cent).

The on deposits offered for trusts has also been hiked to 8.25 per cent (8 per cent) for deposits of 12 and 18 months, the statement said.

On deposits of 24 months, the rate is 8.50 per cent (7.75 per cent). On deposits of three years, it is 8.75 per cent (8.25 per cent).

On deposits for 48 months and 60 months, it is 8.75 per cent (7.75 per cent).

For individuals, the rate has been increased to 7.75 per cent (7.50 per cent) for deposits for 12 and 18 months.

For deposits of 24 and 36 months, the rate is 8 per cent (7.75 per cent).

On deposits of 48 and 60 months, the rate is 8 per cent (7.25 per cent).

currently has a deposit base of over Rs 10 billion and 17,000 depositors, it added.

First Published: Sat, October 20 2018. 16:50 IST
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