Sundaram Finance Ltd, a non-banking finance firm with headquarters in Chennai, raised its deposit interest rates commencing on November 16, 2022. The company increased the interest rates on fixed deposits across all tenors as a result of the modification. The minimum deposit per account is Rs. 10,000, and the interest rates on ongoing deposits stay fixed till maturity. ICRA and CRISIL have given the company’s fixed deposits the highest credit quality rating of “AAA” (Highest Credit Quality) for the past 30 years.