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.16.11.2015
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 - 8.81% - 56,000 - 9.07% - 55,000
36,48 & 60 9.25% 9.32% 9.65% 51,000 9.75% 9.83% 10.20% 49,000
 
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.16.11.2015
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 8.50 8.84 10,884 56,000 8.75 9.11 10,911 54,000
24 8.75 9.52 11,905 50,000 9.00 9.82 11,964 48,000
36 9.25 10.61 13,184 43,000 9.75 11.27 13,382 40,000
48 9.25 11.14 14,457 39,000 9.75 11.87 14,747 36,000
60 9.25 11.70 15,852 35,000 9.75 12.50 16,250 33,000

 
 
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.