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.