Kerala Transport Development Finance Corporation Ltd. (KTDFC) offers deposit savings schemes to retail investors at attractive rates. The above table effectively captures the latest rates offered for various tenures.
The updated list of KTDFC FD Rates, for Regular and Senior Citizen, is listed below:
|Tenure||Regular FD Rate||Senior Citizen FD Rate|
|Upto Amount||Rs. 1 Crore||Rs. 1 Crore|
|1 year||8.25 %||8.50 %|
|2 years||8.25 %||8.50 %|
|3 years||8.25 %||8.50 %|
|4 years||8.00 %||8.25 %|
|5 years||8.00 %||8.25 %|
For deposits of tenures 1, 2 or 3 years the interest rate offered by KTDFC stands at 8.75% p.a. Rates on longer-term deposits of 4 and 5 years are marginally lower by 0.25% at 8.5% p.a.
Seniors can avail 0.25% extra on rack rates putting return rates for this customer category at 9% p.a. for deposits held for 1,2 or 3 years and at 8.75% p.a. for deposits held for 4 or 5 years.
The company offers these deposits under two main schemes i.e. the Periodic Interest Payment Scheme (PIPS) and the Money Multiplier Scheme (MMS). For MMS fixed deposits, interest is calculated on a compounding basis wherein compounding occurs monthly whereas for PIPS fixed deposits the payouts will be based on monthly rests with quarterly or monthly payments.
These deposits offer competitive rates with the flexibility of choice between reinvestment for maximising returns or payouts for those who require liquidity.
KTDFC is an NBFC that has quite a strong presence in the southern region and offers really lucrative interest rates for its customers. Being a non-banking financial corporation, it employs various strategies to invest its funds and thus offers the stellar rates that are advertised. The rates have stayed more or less the same compared to the earlier figures.
As of February 2016, the highest rate of interest from KTDFC is at 8.50% per annum which is valid for deposit tenures of 1 year to 3 years. The rates drop by 0.25% for tenures of 4 years and 5 years. KTDFC also offers additional rates for senior citizens at a fractional increase of 0.25%. Considering that, the best possible rate from KTDFC is currently at 8.75% per annum.
3rd February 2016