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 1st July, 2017 is as follows:

  

OTHER THAN SENIOR CITIZENS

Period

Rate(p/a)

Approx.Maturity value for `10,000

under MMS*

Appoximate cumulative Annual Yield*

1 year

8.25 %

10,857

8.57 %

2 years

8.25 %

11,787

8.94 %

3 years

8.25 %

12,797

9.32 %

4 years

8.00 %

13,757

9.39 %

5 years

8.00 %

14,898

9.80 %

                                                                                                                                                                                                                                                                      


FOR SENIOR CITIZENS ONLY

Period

Rate(p/a)

Approx.Maturity value for `10,000

under MMS*

Appoximate cumulative Annual Yield*

1 year

8.50 %

10,884

8.84 %

2 years

8.50 %

11,846

9.23 %

3 years

8.50 %

12,893

9.64 %

4 years

8.25 %

13,894

9.74 %

5 years

8.25 %

15,085

10.17 %

 

                                                                                                                                                                                                                                                                      




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 01.07.2017, or any renewal of earlier deposits effected on or after 01.07.2017. For the entire deposits accepted till 30.06.2017 (in case of Cheques/DDs, those realized on or before 30.06.2017) and renewal of earlier deposits with prior date, the interest rate as per earlier pattern would be applicable.


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Here you can download different application forms


Deposits




Fixed Deposit Terms & Conditions - Download

Fixed Deposit application form - Download form

Form 15G - Download form

Form 15H - Download form

RTGS / NEFT form - Download form

Nomination form - Download form

Format of Indemnity bond - Download