Fixed Deposit Details
Bank Name
Tamilnadu Transport Development Finance Corporation Ltd
Eligibility
Trusts Foundations Partnership firms Companies Resident individuals
Interest Rate
7.00-8.00%
Tenure
12-60 Months
Fixed Deposit Type
Regular
Regular Fixed Deposit
Tax Benefits
Credit Ratings
[ICRA]BBB+(CE)(Stable)
Interest Payment Frequency
monthly, quarterly, annually or on maturity
Cummulative/Non-Cummulative
Cumulative
Features
Minimum Deposit Rs. 50,000/- per account The tenure of the scheme ranges from 12 months to 60 months For senior citizens interest rate ranges from 7.25% to 8.50% Joint account is permitted
Minimum Investment Amount
Rs. 50,000/-
Features & Benefits
Pros
- Government Backing
- Competitive Interest Rates
- Flexible Investment Options
- Potential Loan Against Deposit
- Easy Account Management:
Cons
- Lower Interest Rates Compared to Other Options
- Early Withdrawal Penalty
Pros & Cons
How to Open?
Download and print the PDF Application Form. Send the completed form to Chennai's office.
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T11:00:11Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
