Product 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
No
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/-
Fees and Charges
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
Account Opening and Procedure
How to Open?
Download and print the PDF Application Form. Send the completed form to Chennai's office.
Application Procedure
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