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FIXED DEPOSITS OFFERED BY TAMILNADU POWER AND INFRA.FINANCE CORPORATION :


SOME OF THE GOVT OWNED COMPANIES ARE ACCEPTING DEPOSITS FROM PUBLIC.

BENEFITS OF THESE DEPOSITS ARE THAT THEY OFFER SECURITY AS WELL ENOUGH DIVERSIFICATION TO THE PORTFOLIO.

TAMILNADU POWER FINANCE & INFRASTUCTURE DEVELOPMENT CORPORATION LTD: 

  1. WHOLLY OWNED BY GOVT OF TAMILNADU.
  2. REGISTRED WITH RBI AS A NON BANKING FINANCE COMPANY.
  3. PROVIDES FINANCIAL ASSISTANCE TO POWER & INFRASTRUCTURE PROJECTS AND PROVIDES FUNDS TO TAMILNADU ELECTRICITY BOARD.
  4. OPERATIONS FULLY COMPUTERISED.
  5. CONSISTANTLY MAKING PROFIT SINCE ITS INCEPTION OF 1991.DECLARING DIVIDEND @20% ON PAID UP EQUITY SHARES CONTINUOUSLY.
  6. TOTAL DEPOSITS AS ON 31/03/2011 :  5090.45 CRORES.
  7. TOTAL NO OF DEPOSITORS AS ON 31/03/2011 : 4,75,261.

SOURCE  :  http://www.tnpowerfinance.com/

DEPOSIT RATES :

REGULAR INTEREST PAYMENT FOR SR. CITIZENS:

PERIOD MONTHLY QUARTERLY YEARLY
24  —— 9.83 ——–
36,48 & 60 10.50 10.59 11.02
MIN.DEPOSIT Rs.20000/- Rs.10,000/- Rs.10,000/-

REGULAR INTEREST PAYMENT FOR OTHERS:

PERIOD MONTHLY QUARTERLY YEARLY
24  —— 9.58 ——–
36,48 & 60 10 10.08 11.47
MIN.DEPOSIT Rs.20000/- Rs.10,000/- Rs.10,000/-

CUMULATIVE DEPOSITS FOR SENIOR CITIZENS:

PERIOD INTEREST RATE ANNUAL YIELD MATURITY VALUE OF Rs. 10000/-
12  9.50 9.65 10992
24 9.75 10.72 12144
36 10.50 12.28 13684
48 10.50 12.98 15192
60 10.50 13.73 16866.

CUMULATIVE DEPOSITS FOR OTHERS:

PERIOD INTEREST RATE ANNUAL YIELD MATURITY VALUE OF Rs. 10000/-
12  9.25 9.65 10965
24 9.50 10.42 12083
36 10 11.61 13482
48 10 12.23 14894
60 10 12.98 16453.



Category: Fixed Income

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4 Responses

  1. I would like to know, (a) do you accept term deposit for sr.citizens?
    (B) rate of interest payable for 1,2,3 yrs. Payable monthly.
    (C) do you accept outstation deposits &interest payable through ECS.

  2. PRADIP KAMDAR says:

    send investment offers

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