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Sundaram Finance increases interest rates to 7.45%

Published on March 14, 2023
Current context: Sundaram Finance increases interest rates on term deposits to 7.45% for general public while senior citizens will get 7.95% interest rates.
Sundaram Finance increases interest rates to 7.45%
  • This scheme will come into effect from March 16, 2023.
  • The rate on 12 months for the general public was 7.20% previously
  • For general public, for 24 and 36 months, it has been increased to 7.75% against 7.50%.
  • The rate on 12 months for the senior citizens was 7.70% previously.
  • In case of senior citizens, for 24 and 36 months, it has been increased to 8.25% against 8%.

Question:

Q.1 Sundaram Finance increases interest rates on term deposits to _____for general public.
a. 5.65%
b. 7.10%
c. 7.45%
d. 7.28%
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