PIPS 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
Minimum Deposit Rs. 10000/-
Others Senior Citizen
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
 

 
 
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.