KERALA TRANSPORT DEVELOPMENT FINANCE CORPORATION  LTD

A Government of Kerala Undertaking

( A Non Banking Financial Company Registered Under the Reserve Bank of India )

INTEREST RATES


FIXED DEPOSITS GUARANTEED BY GOVERNMENT OF KERALA


REPAYMENT OF DEPOSITS UP TO 2,000 CRORES WITH INTEREST


GUARANTEED BY GOVERNMENT OF KERALA


VIDE G.O.(MS) No.12/2014/TRAN DATED 14.02.2014

 

INTEREST RATES ON FIXED DEPOSIT SCHEMES IN KTDFC


   The interest rate on Fixed Deposits of KTDFC with effect from 15th September, 2014 is as follows:

 

 

 

OTHER THAN SENIOR CITIZENS

Period

For Deposit amount below ` 25 Lakhs

For Deposit amount ` 25 lakhs and above

Rate(p/a)

Approx.Maturity value for `10,000

under MMS*

Appoximate cumulative Annual Yield*

Rate (p/a)

Approx.Maturity value for `10,000

under MMS*

Appoximate cumulative Annual Yield*

1 year

10.00 %

11,047

10.47 %

10.25 %

11,075

10.75 %

2 years

10.00 %

12,204

11.02 %

10.25 %

12,265

11.32 %

3 years

10.00 %

13,482

11.61 %

10.25 %

13,582

11.94 %

4 years

9.75 %

14,747

11.87 %

10.00 %

14,894

12.23%

5 years

9.75 %

16,250

12.50 %

10.00 %

16,453

12.91 %

                                                                                                                                                                                                                                                                      

FOR SENIOR CITIZENS ONLY

Period

For Deposit amount below ` 25 Lakhs

For Deposit amount ` 25 lakhs and above

Rate(p/a)

Approx.Maturity value for `10,000

under MMS*

Appoximate cumulative Annual Yield*

Rate (p/a)

Approx.Maturity value for `10,000

under MMS*

Appoximate cumulative Annual Yield*

1 year

10.25 %

11,075

10.75 %

10.50 %

11,102

11.02 %

2 years

10.25 %

12,265

11.32 %

10.50 %

12,326

11.63 %

3 years

10.25 %

13,582

11.94 %

10.50 %

13,684

12.28 %

4 years

10.00 %

14,894

12.23%

10.25 %

15,042

12.60 %

5 years

10.00 %

16,453

12.91 %

10.25 %

16,658

13.32 %

 

NOTE :     * All figures shown above are for narrative purpose only, the actual figures may slightly vary depending on the date

                of deposit, applicability of Tax on interest (TDS) etc

                Under Periodic Interest Payment Scheme (PIPS), interest will be paid Monthly or Quarterly with MONTHLY RESTS.

                Under Money Multiplier Scheme (MMS), interest shall be COMPOUNDED MONTHLY and paid on maturity.

 

The above revised rate of interest would be applicable for the new deposits on which the credit of deposit amount comes to KTDFC bank account on or after 15.09.2014, or any renewal of earlier deposits effected on or after 15.09.2014. For the entire deposits accepted till 14.09.2014 (in case of Cheques/DDs, those realized on or before 14.09.2011) and renewal of earlier deposits with prior date, the interest rate as per earlier pattern would be applicable.


Terms & Conditions