[nilesh]

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Hello sir, is there any one can show me interest rates for Tamilnadu Industrial Development Corporation fixed deposit?

[vikash]

The TAMIL Nadu Industrial Development Corporation is promoted by the State Government. This TIDCO is offers a fixed deposit scheme with high degree of safety and offering good returns, considering the current interest rate environment.

TIDCO is offers a minimum 10.50 per cent for a 12-month deposit and a maximum 12 per cent for a 60-month deposit.

There is also a money multiplier scheme (cumulative deposit) where the interest rate of 12 per cent on a 60-month deposit translates into a yield of 16.33 per cent.

Interest Schemes:
At present Deposits are mobilised under two different schemes.
Period Interest Payment Scheme (PIPS)
Under PIPS

Interest is paid either:
Monthly or
Quarterly
Annually
The minimum amount of deposit accepted is Rs.10,000/-.

Interest Rates (Revised Rates Of Interest W.E.F.16.12.2016):
As on February 2018

Others Senior Citizen Rate of Interest (per annum)

Period Monthly (%) Quarterly (%) Annually (%) Maximum deposit without TDS (Rs.) Monthly (%) Quarterly (%) Annually (%) Maximum deposit without TDS (Rs.)
24 - 8.05% - 62,000 - 8.31% - 60,000
36,48 & 60 8.50% 8.56% 8.84% 56,000 9.00% 9.07% 9.38% 53,000

Money Multiplier Scheme of TIDCO:
As on February 2018:

Others Senior Citizen
Period
(Months) Basic Rate P.A (%) Effective Yield P.A (%) Maturity Value for Rs.10000 (%) Maximum deposit without TDS (Rs.) Basic Rate P.A (%) Effective Yield P.A (%) Maturity Value for Rs.10000 (%) Maximum deposit without TDS (Rs.)
12 7.75 8.03 10,803 62,000 8.00 8.30 10,830 60,000
24 8.00 8.65 11,729 55,000 8.25 8.94 11,787 53,000
36 8.50 9.64 12,893 47,000 9.00 10.29 13,086 44,000
48 8.50 10.08 14,033 43,000 9.00 10.79 14,314 40,000
60 8.50 10.55 15,273 40,000 9.00 11.31 15,657 37,000