FD Interest Rate : In today’s time of rising inflation, everyone wants to invest for their bright future. For which he is looking for a better investment. In such a situation, there are many public banks and non-banking financial companies. Through which you can get high interest rate in FD . It is known that many banks are providing FD interest rates to senior citizens .
Senior citizens will get interest rate on FD
We are talking about Tamil Nadu Transport Development Finance Corporation that this bank is offering a great interest rate on FD to senior citizens. It is also called TNTDF. It is a company of the Government of Tamil Nadu . Registered as a Non-Banking Financial Company with the Reserve Bank of India (RBI) . That is, it provides very good returns to its investors. It is to be noted that it offers two investment plans which include the Periodic Interest Payment Scheme and the Money Multiplier Scheme.
Investors will get up to 9 percent interest
Explain that under the scheme, investors can get interest up to 9 percent. Senior investors can get around 9 percent interest under this scheme. In this scheme interest will be paid on monthly, quarterly or yearly basis. According to the website the minimum deposit amount will be Rs 50000. Senior citizens have to submit their age proof. It offers a high interest rate of 8.77 per cent per annum for a tenure of 60 months.
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