Sundaram BNP Paribas Home Finance will increase the interest rates for 12 and 18-month deposit schemes from tomorrow.
The interest rates for 12-month deposits for senior citizens would be 7.50 per cent per annum as against 7.25 per cent and for 18-month scheme it would be 7 per cent as against 6.75 per cent.
The interest rates for trusts for 12/18 month deposits will be 7.50 per cent as against 6.75 per cent.
However, interest rates for 24,36, 48 and 60-month deposits remain unchanged.
Sundaram BNP Paribas Home Finance Ltd is a joint venture between Sundaram Finance Ltd and BNP Paribas Personal Finance.
The company has a deposit base of Rs 1,042 crore. It has 110 branches and over 50,000 customers, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)