Tuesday, May 12, 2009

For Absolute Safety & Assured Income Save with Tamil Nadu Power Finance & Infrastructure Development Corporation Ltd.,


(Click here for Printable Version)
REVISED INTEREST RATES ON DEPOSITS W.E.F. 01.05.2009
REGULAR INTEREST PAYMENT SCHEME (RIPS)
DEPOSITS LESS THAN Rs. 1.00 CRORE
DEPOSITS Rs. 1.00 CRORE &
ABOVE
SENIOR CITIZENS ( 58 YEARS )

Period
(Months)
Rate of Interest per annum
Maximum
Deposit
Without Tax
Deduction
at source
(Rs.)
Monthly
(%)
Quarterly
(%)
Annually
(%)
Monthly
(%)
Quarterly
(%)
Annually
(%)
24
-
9.07
-
55,000/-
-
7.04
-
36, 48& 60
9.75
9.83
10.20
49,000/-
7.50
7.55
7.76
Minimum
Deposits
in Rs.
Rs.20,000/-
Rs.10,000/-
Rs.10,000/-
       
Further deposits in Multiples of Rs.1, 000/-


GENERAL PUBLIC
DEPOSITS Rs. 1.00 CRORE &
ABOVE

Period
(Months)
Rate of Interest per annum
Maximum
Deposit
WithoutTax
Deduction
at source
(Rs.)
Monthly
(%)
Quarterly
(%)
Annually
(%)
Monthly (%)
Quarterly (%)
Annually (%)
24
-
8.81
-
56,000/-
-
7.04
-
36, 48& 60
9.25
9.32
9.65
51,000/-
7.50
7.55
7.76
Minimum
Deposits
in Rs.
Rs.20,000/-
Rs.10,000/-
Rs.10,000/-
       
Further deposits in Multiples of Rs.1,000/-


CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-1)
SENIOR CITIZENS ( 58 YEARS )
Period
Months
Basic rate
per
annum (%)
Effective
yield
(%)
Maturity Value
for Rs. 10000/-
Maximum
Deposit
Without Tax
Deduction at
source
(Rs.)


Base rate per
annum (%)

Effective Yield (%)

12
8.50
8.84
10884
56,500/-
6.75 6.96
24
9.00
9.82
11964
48,700/-
7.00 7.49
36
9.75
11.27
13382
40,300/-
7.50 8.38
48
9.75
11.87
14747
36,600/-
7.50 8.71
60
9.75
12.50
16250
33,200/-
7.50 9.07
MINIMUM DEPOSIT RS. 10,000/-  AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-


GENERAL PUBLIC
Period
Months
Basic rate
per
annum (%)
Effective
yield
(%)
Maturity Value
for Rs. 10000/-
Maximum
Deposit
Without Tax
Deduction at
source
(Rs.)


Base rate per
annum (%)

Effective Yield (%)

12
8.25
8.57
10857
58,300/-
6.75 6.96
24
8.75
9.52
11905
50,300/-
7.00 7.49
36
9.25
10.61
13184
43,000/-
7.50 8.38
48
9.25
11.14
14457
39,200/-
7.50 8.71
60
9.25
11.70
15852
35,800/-
7.50 9.07
MINIMUM DEPOSIT RS. 10,000/-  AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-

CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-II)
Rs. 631/- Becomes Rs. 1000/- in 60 months


MINIMUM DEPOSIT RS. 631/- AND FURTHER DEPOSITS IN MULTIPLES OF RS. 631/-




 
 
 
No tax will be deducted at source, on the interest income with us up to Rs. 5,000/-
Deposit made by Trust is an eligible investment under Section 11(5) (vii) of the Income Tax Act, 1961.
Declaration in Form 15G will be accepted from individuals, for non deduction of Tax at source, subject to the provisions of the Income Tax Act, 1961.
Call Investor Cell @ 0-9818269396

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