{
  "id": 14703483,
  "title": "Sundaram Finance Ltd increases deposit interest rates",
  "url": "https://urgent.news/2026/10/15/sundaram-finance-ltd-increases-deposit-interest-rates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T13:07:51.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sundaram-finance-ltd-increasesdeposit-interest-rates/article71588089.ece"
  },
  "original_language": "en",
  "account": "Sundaram Finance Ltd, a non-banking finance company, has raised deposit interest rates for various tenure periods, effective immediately. The bank raised one-year deposit rates by 30 basis points and increased rates for two-three-year tenures by 25 basis points. The changes apply to both regular and senior citizen depositors. Regular one-year deposit rates have risen from 6.7 percent per annum to 7 percent per annum. Two-year deposits have increased from 7 percent to 7.25 percent, and three-year deposits from 7.25 percent to 7.50 percent. Senior citizens' one-year deposit rates have increased from 7.20 percent to 7.50 percent, two-year rates from 7.50 percent to 7.75 percent, and three-year rates from 7.75 percent to 8 percent. Sundaram Finance currently holds a deposit base of ₹6,088 crore.",
  "summary": "The move, which widens the rate gap between regular and senior accounts, aims to attract more funds amid shifting market rates",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}