Tamil Nadu Power Finance and Infrastructure Development Corporation Limited revises interest rates

 

TN Power Finance is owned by the Govt. of Tamil Nadu.      It has been offering FDs since 1991 and has over 4 lakh depositors.

Effective December 16, 2010,  the corporation has revised the interest rates on its Fixed Deposits:

The company offers two schemes : Regular Interest Payment Scheme (RIPS) and Cumulative Interest Payment Scheme (CIPS).    The interest rates for the various schemes are as follows:

Regular Interest Payment Scheme

	all depositors	Senior Citizens (58+ years)
36,  48 and 60 months	9.50% pa (compounded monthly) Yield : 9.91% pa	10 % pa  (compounded monthly) 10.47 % pa

Cumulative Interest Payment Scheme

	all depositors	Senior Citizens (58+ years)
60 months	9.50% pa (compounded monthly) Yield : 12.10% pa	10 % pa  (compounded monthly) 12.91 % pa

Download application forms from www.tninfrafinance.com or www.tnpowerfinance.com.