Kerala Transport Development Finance Corporation Ltd., a Govt. of India Undertaking is accepting fixed deposits. The deposits upto 400 crores are guaranteed by the government of Kerala.
KTDFC’s mission is to provide financial support for infrastructure development in the transport sector and finances vehicles and is involved in modernization of bus stations in the state.
Interest rates are as below:
Senior citizens will benefit from an additional 0.25% in interest, over the rates stated above.
The company has two schemes per below:
| Scheme | Details |
| Money Multiplier Scheme | Minimum : Rs 10000/- Additional amount : in multiples of Rs 1000/- Compounding : Monthly |
| Periodic Interest Payment Scheme | Minimum : Rs 10000/- Additional amount : in multiples of Rs 1000/- Interest payable, monthly or quarterly. |
Duration of schemes : 12/24/36/48/60 months.
TDS shall be applicable, if the interest exceeds Rs 5000/- per year. The maximum amount, that you can invest at 9.75%, without being subject to TDS is Rs 51,000.
Application forms are available for download.
Well I checked the website according to it ,
ReplyDeleteThe Govt of Kerala has gauranteed 400 crores and as of Feb 2009 they are at 360 crores. Does any one know what the current amount is. It has been more then a year since it reached 360