Hii sir, I Wants to get the Information About the Kerala Transport Development Finance Corporation Ltd. Fixed Deposit Scheme ?

As you Asking for the Information About the Fixed Deposit Kerala Transport Development Finance Corporation Ltd. the Details of the Fixed Deposit Scheme is given below

Minimum amount of deposit to be accepted is 10,000/- and in multiple of 1,000/- thereafter.
Interest is paid monthly or quarterly by way of ECS/ NEFT /Interest Warrants.
Under PIPS, interest will be paid Monthly or Quarterly basis.
Deposits are accepted under two Schemes, Periodic Interest Payment Scheme (PIPS) & Money
Multiplier Scheme (MMS).
• Trust Deposits will be eligible for tax exemption under Section 11 ( 5 )( ix ) of Income Tax Act ,1961.
KYC Norms (Pan card copy and Address Proof) are mandatory in case of new investor.
TDS as applicable will be deducted if interest income is more than Rs. 5,000, however no TDS will be deducted if a duly filled Form 15 G/H is submitted.

Who can Apply:
• Resident Individual
• Trust
• Company
• Partnership firms

Interest Rates :


For Deposit amount below Rs.25 Lakhs
Period (Year) Interest Rate Maturity value for (Rs.10000) Cumulative
Annual Yield
1 10.25% 11075 10.75%
2 10.25% 12265 11.32%
3 10.25% 13582 11.94%
4 10.00% 14894 12.23%
5 10.00% 16453 12.91%

For Deposit amount Rs.25 lakhs and above
Interest Rate Maturity value for (Rs.10000) Cumulative Annual Yield
10.50% 11102 11.02%
10.50% 12326 11.63%
10.50% 13684 12.28%
10.25% 15042 12.60%
10.25% 16658 13.32%

Banking Details:
Direct Cash can be remitted at all branches of HDFCbank as per the details given unde
Client code : KTDEVFIN
Client Name : Kerala Transport Development Finance Corporation Ltd
Account No : 00630350000068 of HDFC Bank Vazhuthacaud, Thiruvananthapuram.
RTGS Code : HDFC 0000063