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The Company was incorporated in 1954, with the object of financing the purchase of commercial vehicles and passenger cars. Sundaram Finance has a Nation-wide presence with 640 branches, over 2 lakh depositors and nearly 300,000 commercial vehicle and car finance customers now has an asset base of about ₹ 23915 crore.


Interest Rates on Fixed Deposits for Individual / HUF
Period (months) Cumulative Interest (p.a.) Interest (p.a.)
Monthly Quarterly
12 5.75% - 5.75%
18 0.00% - 0.00%
24 6.00% - 6.00%
36 6.25% 6.22% 6.25%
48 6.25% 6.22% 6.25%
60 6.25% 6.22% 6.25%
Interest Rates on Fixed Deposits for Senior Citizens
Period (months) Cumulative Interest (p.a.) Interest (p.a.)
Monthly Quarterly
12 6.25% - 6.25%
18 0.00% - 0.00%
24 6.50% - 6.50%
36 6.75% 6.71% 6.75%
48 6.75% 6.71% 6.75%
60 6.75% 6.71% 6.75%
Interest Rates on Fixed Deposits for Trust / Others
Period (months) Cumulative Interest (p.a.) Interest (p.a.)
Monthly Quarterly
12 5.75% - 5.75%
18 0.00% - 0.00%
24 6.00% - 6.00%
36 6.75% 6.71% 6.75%
48 6.75% 6.71% 6.75%
60 6.75% 6.71% 6.75%
Minimum Deposit ₹ 10,000/- per account. Further in Multiples of ₹ 1,000.

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘Sundaram Home Finance Limited’ and crossed ‘Account Payee only’
  3. All documents should be self-attested
  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card , Accommodation letter from employer ,Documents by foreign authorities ,property/municipal tax receipt , Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in the name of HUF
  4. KYC documents of all the adult members of HUF
  1. Registration certificate, if registered
  2. Partnership deed
  3. Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
  4. Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
  5. Telephone bill in the name of firm/partners.
  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected
  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution for opening the FD account
  5. List, signature and ID as well as address proof of authorized signatories
  6. Utility bill
  1. PAN Card
  2. Certificate of Registration
  3. Trust Deed
  4. Resolution – Authorising Placement of Deposit
  5. List of Authorised Signatories.
  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

Premature Payment (PMP) / withdrawal will not be allowed before completion of three months from the date of deposit.

In case of request for premature withdrawal after the expiry of three months, the rates given in the below table shall apply.

Months completed from the date of deposit Interest Rate payable
Up to 3 months from the date of deposit / renewal (Lock-in-period) No repayment (Not applicable in case of premature repayment in the event of death of the depositor)
After 3 months but before 6 months 3% (No intesest in case of Non-Individuals)
After 6 months but before the date of maturity The interest payable shall be 1 percent lower than the interest rate applicable to deposit for the period for which the deposit has run or if no rate has been specified for that period, then 2 percent lower than the minimum rate at which deposits are accepted by the Company

The Company may grant, at its sole discretion, loan against deposit, provided the deposit had run for a minimum period of 3 months upto 75% of the deposit amount, carrying interest @ 2% above the contracted rate (compounded at the same rest as of the TDR) payable on such deposits. The relative term deposit receipt(s) and other documents have to be signed by both/all the depositors in case of Any one or Survivor/s (‘A’ or ‘S’) deposit. Renewal with loan is not possible. Maturity payment after adjustment of loan principal and loan interest will be made if renewal instructions are not received 15 days before maturity.

Cheque / DD / NECS / NEFT / ECS / RTGS for loans will be made only in favour of the first depositor.