Sakthi Finance Limited has revised the interest rates on deposits. The new rates are effective from November 1st, 2009. All deposits maturing on or after Nov 01, shall be renewed at the new rates.
Sakthi Finance is part of the Sakthi Group, a Rs 1200 crore group, with investments across Sugar, Industrial Alcohol, Foundry, Plantation, Truck/Car dealerships etc…
Sakthi Finance engages in financing of commercial vehicles and equipment, via it’s 26 branch network.
Interest Rates : Cumulative Deposit (Scheme 1)
| Term (months) | Interest Rate p.a. (%) | Annual Yield |
| 12 | 9 | 9.31 |
| 18 | 9.50 | 10.08 |
| 24 | 10 | 10.92 |
| 36 | 10.50 | 12.16 |
Interest Rates : Cumulative Deposit (Scheme 2)
Interest is payable on a quarterly basis.
| Term (months) | Interest Rate p.a. (%) |
| 12 | 9 |
| 18 | 9.5 |
| 24 | 10 |
| 36 | 10.5 |
Interest warrants, payable at par, at select cities, are issued in advance, for every financial year.
The company also pays interest through Electronic Clearing System.
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