MMS Schemes

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 minimum amount of deposit acceptable is Rs.10000.

Interest Rates

REVISED RATES OF INTEREST W.E.F.16.12.2016

SCHEME – II MONEY MULTIPLIER SCHEME
Minimum Deposit Rs. 10000/-
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.