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The Kerala Transport Development Finance Corporation (KTDFC) is a Non Banking Financial Company (NBFC) that is run as an undertaking by the Kerala government. They offer a number of Fixed Deposits (FDS) that pay a very high interest rate when compared to others. KTDFC is one of the top 10 FDs in India that offers the best FD rates for tenures that range from 1 year to 5 years.
Given below is a table of the revised and updated KTDFC FD interest rates:
|Time period||Regular FD Interest Rate (per annum)||Senior Citizens FD Interest Rate (per annum)|
KTDFC is registered under the Reserve Bank of India (RBI) and offers the public an option to invest in their deposit schemes. They have two types of fixed deposit accounts: periodic Interest Payment Scheme (PIPS) and Money Multiplier Scheme (MMS).
In the PIPs FD, depositors are paid interest either on a monthly basis or on a quarterly basis. Those who invest in the MMS scheme, will get paid at the time of maturity of the fixed deposit and in this case, the interest will be compounded each month. Note that even if interest compounding takes place monthly in this scheme, it will be paid only upon completion of the deposit tenure.