Sundaram Finance Ltd., a non-banking finance company based in Chennai, has increased deposit interest rates across tenors with effect from June 10.

The interest rate on a 12-month regular deposit has been fixed at 6%, slightly higher compared to 5.50% previously, while the deposit rate for 24 months has been increased to 6.30% (from 5.90 per cent). Interest rates on 36-month deposits have been set at 6.65% (from 6.05 per cent).

Senior citizens will receive 50 bps in addition to the regulatory deposit rates across all tenors.