INTEREST Schemes !

At present Deposits are mobilised under two different schemes.
Period Interest Payment Scheme (PIPS)
Under PIPS, Interest is paid either
(a) monthly or (b) quarterly or (c) annually, and the minimum amount of deposit accepted is Rs.10,000/-.

Interest Rates
REVISED RATES OF INTEREST W.E.F.16.12.2016
Scheme – I PERIODIC INTEREST PAYMENT SCHEME

Others Senior Citizen
Rate of Interest (per annum)
Period Monthly (%) Quarterly (%) Annually (%) Maximum deposit without TDS (Rs.) Monthly (%) Quarterly (%) Annually (%) Maximum deposit without TDS (Rs.)
24 - 8.05% - 62,000 - 8.31% - 60,000
36,48 & 60 8.50% 8.56% 8.84% 56,000 9.00% 9.07% 9.38% 53,000
 
Money Multiplier Scheme (MMS)
Under MMS, the interest is compounded monthly at the appropriate rate of interest and paid on maturity together with the principal. The min.amount of deposit acceptable is Rs.10000.

Interest Rates

REVISED RATES OF INTEREST W.E.F.16.12.2016
Scheme – II MONEY MULTIPLIER SCHEME

Others Senior Citizen
Period
(Months)
Basic Rate P.A (%) Effective Yield P.A (%) Maturity Value for Rs.10000 (%) Maximum deposit without TDS (Rs.) Basic Rate P.A (%) Effective Yield P.A (%) Maturity Value for Rs.10000 (%) Maximum deposit without TDS (Rs.)
12 7.75 8.03 10,803 62,000 8.00 8.30 10,830 60,000
24 8.00 8.65 11,729 55,000 8.25 8.94 11,787 53,000
36 8.50 9.64 12,893 47,000 9.00 10.29 13,086 44,000
48 8.50 10.08 14,033 43,000 9.00 10.79 14,314 40,000
60 8.50 10.55 15,273 40,000 9.00 11.31 15,657 37,000

 
 
Why to Invest TDFC?
  • Wholly owned by Government of Tamilnadu
  • Registered with RBI as a Non Banking Finance Company vide Regn. No.07.00403
  • Operations fully computerized.
  • Making profit since inception (1975).
  • Interest Warrants are encashable at par at spefied centers in India.
  • Outstation repayment by Demand Draft at our Cost.
  • Loan facility is available against deposits.
  • Nomination facilities are available subject to the provisions of the RBI (Amendmant) Act 1997.
  • Trust can invest with TDFC under Sec.11(5)(VII) of the I.T.Act.