Kerala Transport Development Finance Corporation Ltd. (KTDFC) is providing an opportunity for the citizens of India to invest in some profitable products. KTDFC fixed deposit scheme comes with attractive interest rates for different tenures. At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Kerela Transport Development Finance Corporation Ltd (KTDFC) FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
| Tenure | Regular FD Rate | Senior Citizen FD Rate |
|---|---|---|
| Upto Amount | Rs. 1 Crore | Rs. 1 Crore |
| 365 Days | 8.50 % | 8.75 |
| 730 Days | 8.50 % | 8.75 |
| 1095 Days | 8.50 % | 8.75 |
| 1460 Days | 8.25 % | 8.50 % |
| 1825 Days | 8.25 % | 8.50 % |
KTDFC doesn't provide with short-term fixed deposit scheme. Further, the mid-term fixed deposit for the tenure of one, two and three years can avail the maximum of 8.75% on a yearly basis. Moreover, when it comes to long-term FD rates, there is a decrease in the rates of 0.25% to 8.5% per annum for the deposit period of four and five years.
Under the Kerala Transport Development Finance Corporation Ltd. Senior Citizens Fixed Deposit Scheme, the individuals aged above 60 years are eligible to apply to this scheme. The senior citizens fixed deposit scheme benefits the senior citizen with an additional 0.25% rate from the provided tenure. That is; for the deposit period of one, two and three years, a senior citizen can avail the maximum of 9% per annum whereas, it is 8.75% per annum for the deposit period of four and five years.
The above-mentioned deposit schemes for senior citizens comes the company's two main schemes, Money Multiplier Scheme (MMS) and Periodic Interest Payment Scheme (PIPS). MMS rates are levied on a monthly basis whereas; PIPS rates are levied on monthly rests with quarterly payments.
