Fixed Deposits
If you are looking for a secure investment option that helps your wealth accumulate, you are at the right place. Sundaram Home offers wonderful opportunities to let your hard earned money generate attractive and safe returns through its Regular Income Scheme and Cumulative Deposit Scheme.
| cumulative deposit scheme | regular income scheme |
|---|---|
Interest is compounded annually and paid upon maturity. |
Interest is calculated till the last day of the month and is paid accordingly. |
Yields greater returns as the amount accumulates over time. |
Better than a regular savings account, as returns are higher. |
Works best for individuals seeking to save and grow their savings. |
Works best for pensioner individuals who seek regular income from their savings. |
- Deposits will be accepted in multiples of Rs. 1,000 subject to a minimum amount of Rs. 10,000 per account.
- Deposits may be in the joint names of two/three people, under any one or survivor/s (‘A’ or ‘S/s’) or number one or survivor/s (‘N’ or ‘S/s’) basis only.
- Depositors can also avail the “Auto Renewal Facility” where the deposit will automatically be renewed for the same tenure at the interest rate prevailing on the date of maturity.
Features
Attractive and safe returns on investment.
Experience the convenience of great rates, flexibility and security.
Higher Rate of interest on Fixed Deposit for senior citizens.
Features of the scheme
- Rated [ICRA] AAA (Stable) by ICRA & CRISIL AAA/Stable by CRISIL.
- Industry Benchmark for Depositor Servicing.
- Trust Deposit is a specified investment under Sec 11(5) (IX) of the Income-tax Act, 1961.
Fixed Deposits For Senior Citizen
Fixed Deposits For Senior Citizen
Effective from March 16th, 2023
| Term (months) | Rate of Interest (% P.A. AT ANNUAL RESTS) |
Regular Income Scheme | |
|---|---|---|---|
| Monthly (% p.a.) |
Quarterly (% p.a.) |
||
| 12 Months | 7.95 | - | 7.72 |
| 24 Months | 8.25 | - | 8.01 |
| 36 Months | 8.25 | 7.95 | 8.01 |
| 48 Months | 8.25 | 7.95 | 8.01 |
| 60 Months | 8.25 | 7.95 | 8.01 |
Cumulative Deposits For Senior Citizen
Cumulative Deposits For Senior Citizen
Effective from March 16th, 2023
| Term (months) | Rate of Interest (% P.A. AT ANNUAL RESTS) |
Maturity Value for | Yield % | |
|---|---|---|---|---|
| ₹10000 /- | ₹1000 /- | |||
| 12 Months | 7.95 | 10800 | 1080 | 7.95 |
| 24 Months | 8.25 | 11720 | 1172 | 8.60 |
| 36 Months | 8.25 | 12680 | 1268 | 8.93 |
| 48 Months | 8.25 | 13730 | 1373 | 9.33 |
| 60 Months | 8.25 | 14860 | 1486 | 9.72 |
Fixed Deposits For Individuals
Fixed Deposits For Individuals
Effective from March 16th, 2023
| Term (months) | Rate of Interest (% P.A. AT ANNUAL RESTS) |
Regular Income Scheme | |
|---|---|---|---|
| Monthly (% p.a.) |
Quarterly (% p.a.) |
||
| 12 Months | 7.45 | - | 7.25 |
| 24 Months | 7.75 | - | 7.53 |
| 36 Months | 7.75 | 7.49 | 7.53 |
| 48 Months | 7.90 | 7.63 | 7.68 |
| 60 Months | 7.90 | 7.63 | 7.68 |
Cumulative Deposits For Individuals
Cumulative Deposits For Individuals
Effective from March 16th, 2023
| Term (months) | Rate of Interest (% P.A. AT ANNUAL RESTS) |
Maturity Value for | Yield % | |
|---|---|---|---|---|
| ₹10000 /- | ₹1000 /- | |||
| 12 Months | 7.45 | 10750 | 1075 | 7.45 |
| 24 Months | 7.75 | 11610 | 1161 | 8.05 |
| 36 Months | 7.75 | 12510 | 1251 | 8.37 |
| 48 Months | 7.90 | 13550 | 1355 | 8.88 |
| 60 Months | 7.90 | 14630 | 1463 | 9.26 |
Fixed Deposits For Trust
Fixed Deposits For Trust
Effective from March 16th, 2023
| Term (months) | Rate of Interest (% P.A. AT ANNUAL RESTS) |
Regular Income Scheme | |
|---|---|---|---|
| Monthly (% p.a.) |
Quarterly (% p.a.) |
||
| 12 Months | 7.45 | - | 7.25 |
| 24 Months | 7.75 | - | 7.53 |
| 36 Months | 8.00 | 7.72 | 7.77 |
| 48 Months | 8.00 | 7.72 | 7.77 |
| 60 Months | 8.00 | 7.72 | 7.77 |
Cumulative Deposits For Trust
Cumulative Deposits For Trust
Effective from March 16th, 2023
| Term (months) | Rate of Interest (% P.A. AT ANNUAL RESTS) |
Maturity Value for | Yield % | |
|---|---|---|---|---|
| ₹10000 /- | ₹1000 /- | |||
| 12 Months | 7.45 | 10750 | 1075 | 7.45 |
| 24 Months | 7.75 | 11610 | 1161 | 8.05 |
| 36 Months | 8.00 | 12600 | 1260 | 8.67 |
| 48 Months | 8.00 | 13600 | 1360 | 9.00 |
| 60 Months | 8.00 | 14690 | 1469 | 9.38 |
For Resident Individual
- Duly filled in fresh application form
- Duly filled in FATCA form
- Passport size photo
- Account Payee Cheque in favour of SUNDARAM HOME FINANCE LIMITED
- KYC Documents (ID & Address Proof)
- Aadhaar Card
- Driving Licence
- PAN Card (Mandatory)
- Passport
- Voter ID Card
- Bank Passbook with photo
- Photo Credit Card
- Any other Photo ID (subject to the satisfaction of the Company)
For Companies
Features
- Name of the company
- Principal place of business
- Mailing address of the company
- Telephone/Fax Number
Documents
- Certificate of incorporation and Memorandum & Articles of Association
- Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account
- Power of Attorney granted to its managers, officers or employees to transact business on its behalf
- Copy of PAN allotment letter
- Copy of the telephone bill
For Partnership Firms
Features
- Legal name
- Address
- Names of all partners and their addresses
- Telephone numbers of the firm and partners
Documents
- Registration certificate, if registered
- Partnership deed
- Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
- Any officially valid document identifying the partners and the persons holding thePower of Attorney and their addresses
- Telephone bill in the name of firm/partners.
For Trusts and Foundations
Features
- Names of trustees, settlers, beneficiaries and signatories
- Names and addresses of the founder, the managers/directors and the beneficiaries
- Telephone/fax numbers
Documents
- PAN Card
- Certificate of Registration
- Trust Deed
- Resolution – Authorising Placement of Deposit
- List of Authorised Signatories.