TDFC offers higher interest for investments! Assistant Secretary,Transport department!
Posted on: 21/Jul/2022 11:07:33 AM
The Assistant Secretary of the Department of Transport of the State Government of Tamil Nadu, Gopal, has informed that the public may invest in the Tamil Nadu Transport Development Finance Corporation which offers a higher interest!
This Tamil Nadu Transport Development Finance Corporation was established by the State Government of Tamil Nadu in 1975 mainly as a source of help for the Transport Corporations! It has been registered as a non-banking Finance Corporation and operates as per the guidelines of the Reserve Bank of India.
Further, the non-banking finance corporation follows the guidelines set by the State Government of Tamil Nadu and functions as per this.
Tamil Nadu Government Transport Development Finance Corporation is located in the central part of the Chennai Metro City, the Wallaja Road.
The minimum investment amount here has been fixed at Rs. 50000/-.
Over the last 7 years, the investments have grown by 400%!
The main features of this phenomenal growth and success of the non-banking Finance Corporation are the excellent administration, guidelines of the Tamil Nadu State Government, and the trust placed by the investors!
This Finance Corporation invites investment in 5 types as investments for 1 year to 5 years!
Presently, this non-banking Finance Corporation offers 7% interest for 1-year investments, 7.25% interest for 2-year investments, 7.75% interest for 3-years & 4-year investments and 8% interest for 5-year investments.
Higher interest is offered for the senior citizens (above 58 years of age) who invest by 0.25% to 0.50% higher interest!
For 5-year investments made by the Senior Citizens, an interest rate of 10% is offered!
In the case of presenting genuine certificates, no Income Tax will be deducted from the interest paid!
An interest rate of 7% is offered for the 1-year investment and 5-year investments, and an interest rate of up to 10% is offered.
As the interest accrues every quarter, when the investment matures, extra interest is obtained!
The above Fixed Deposit Investments can be made through cheques, RTGS & NEFT,
For further information, please visit the website: www.tdfc.in or the telephone numbers: (044)-25333930. Otherwise, you u can contact the Joint Managing Director.
