KTDFC Fixed Deposit Rates 2021

Kerala Transport Development Finance Corporation Limited (KTDFC) provides Term Deposits or Fixed Deposits with interest rates that range from 5.75% p.a. to 6.00% p.a. for maturity periods ranging from one year to five years. Senior citizens get an additional interest rate of 0.25% p.a.


One can check the KTDFC FD interest rates* in the following table:

Tenure bracket KTDFC Regular FD rates (per annum) KTDFC Senior Citizens FD rates (per annum)
1 year 6.00% 6.25%
2 years 6.00% 6.25%
3 years 6.00% 6.25%
4 years 5.75% 6.00%
5 years 5.75% 6.00%

*The KTDFC Term Deposit rates are subject to change from time to time. The rates of interest given in the table are valid as of 1 November 2021.

Key KTDFC Fixed Deposit Interest Rates

  • The highest interest rate for KTDFC fixed deposit is 6.00% p.a. for tenures ranging from one year to three years for the general public.
  • The FD rates for senior citizens fall within the range of 6.00% p.a. and 6.25% p.a.
  • The highest interest rate for senior citizens is 6.25% p.a. for a maturity period ranging from one year to five years.

Features and Benefits of KTDFC Fixed Deposit

  • KTDFC accepts a minimum deposit of Rs.10,000 and furthermore in multiples of Rs.1,000.
  • The minimum and maximum periods of a fixed deposit are one year and five years respectively.
  • The number of joint applicants for a fixed deposit should not exceed three.
  • Minors can open a fixed deposit through guardian.
  • For premature withdrawal, no interest has to be paid for the time period between three months and six months from the date of deposit. An interest rate of 2% lesser than the contracted interest rate will be applicable after six months from the deposit date and prior to the maturity date.
  • Nomination facility is available.

Documents Required for KTDFC Fixed Deposit

  • Identity proof such as PAN card/driving licence/passport etc.
  • Address proof documents like telephone bill/electricity bill/ration card and more.
  • Pay in slips of IDBI or HDFC banks for outstation depositors.
  • Form 15H/15G or Tax exemption certificate if applicable.

Types of KTDFC Fixed Deposit Schemes

KTDFC comes with two fixed deposit schemes.

  • Period Interest Payment Scheme (PIPS): In the Period Interest Payment Scheme, the interest is paid on a monthly or quarterly basis.
  • Money Multiplier Scheme (MMS): In the Money Multiplier Scheme, the interest is compounded on a monthly basis and has to be paid on the maturity of the fixed deposit.

KTDFC Loan Against Fixed Deposit

KTDFC offers loans against FD to its customers with the following conditions:

  • Individuals will receive loan up to 75% of the amount deposited.
  • For individuals under the PIPS, the interest on loan is adjusted from the interest that has to be paid on deposits.
  • For individuals under the MMS, the interest on loan is compounded monthly to adjust against the maturity amount.
  • A 2% interest is charged in addition to the payable interest.
  • Customers can close their loan by repaying the amount with an interest rate prior to the maturity. The amount can also be adjusted against the maturity value of the deposit during maturity or premature withdrawal.
  • Loans on fixed deposits will be permitted only twice during the deposit’s currency.

FAQs on KTDFC Fixed Deposit

  1. What are the highest and lowest rates of interest on FD schemes by the KTDFC?

    The highest and lowest rates of interest on FD schemes offered by KTDFC are 6.25% and 5.25%, respectively.

  2. What is the minimum deposit amount?

    The minimum deposit amount is Rs.10,000.

  3. What is the special rate of interest for senior citizens?

    Senior citizens are offered an additional interest of 0.25%.

  4. What are the different types of FD schemes offered by KTDFC?

    KTDFC offers two types of fixed deposit schemes namely, the Period Interest Payment Scheme (PIPS) and the Money Multiplier Scheme (MMS).

  5. What is the interest to be paid on premature withdrawal of a fixed deposit?

    No interest will be charged for premature withdrawal for a period between three months and prior to six months from the date of deposit. However, for premature withdrawal after six months and before the maturity date, a 2% interest will be applicable.

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