| February 17th, 2018 08:37 AM | |
| vikash | Re: tidco fixed deposit 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 |
| February 17th, 2018 08:37 AM | |
| Unregistered | Re: tidco fixed deposit Hello sir, is there any one can show me interest rates for Tamilnadu Industrial Development Corporation fixed deposit? |
| December 1st, 2015 03:06 PM | |
| nilesh | TIDCO Fixed Deposit Discuss about tidco fixed deposit here. Welcome to Courses.ind.in and this page is for tidco fixed deposit discussion. If you are looking for information on tidco fixed deposit then ask your question is as much details as possible in the “Reply” box provided below. The more detailed your question will be, the more easy will it be for our experts to answers your query. And if you have any updated or latest information on tidco fixed deposit, then please share you knowledge with our experts in the “Reply” box below. Your reply will be published here and your knowledge can help many people. Thanks for stopping by at Courses.ind.in. Please visit again. |
