KTDFC Fixed Deposit Scheme

KTDFC_fixed_deposit_scheme_logoCompany Profile: KTDFC

KTDFC (Kerala State Road Transport Corporation) is a Kerala Government owned Non Banking Financial Company registered under the Reserve Bank of India. The main objectives of KTDFC are

  • Finance Transport Vehicles, Workshops and Machinery
  • Financial Arrangements for Acquisition of Transport Vehicles and Machinery
  • Assist Transport Undertakings to get loans

Features and Benefits of KTDFC Fixed Deposit Scheme:

  • Deposits are accepted under two Schemes, viz. Periodic Interest Payment Scheme (PIPS) and Money Multiplier Scheme (MMS)
  • The fixed deposits are guaranteed by Govt of Kerala
  • Minimum amount of deposit to be accepted is Rs. 10,000 and in multiple of Rs. 1,000 thereafter
  • 0.25% additional interest for deposit of more than Rs 25 Lakhs
  • 0.25% additional interest for Senior citizens
  • Loan on deposit – Loans will be permitted only to individuals on deposits up to 75% of the deposit amount under both the schemes, after the expiry of 3 months from the date of deposit interest will be charged at 2% above the interest payable on such deposits.
  • Income Tax will not be deducted up to interest Rs. 5,000 in a Financial Year
  • Nomination facility available
  • Premature withdrawal permissible as per the statutory guidelines and at the discretion of the company

Interest Rate of KTDFC Fixed Deposit Scheme:

Below interest rates are effective from August 18, 2011

Scheme A: Periodic Interest Payment Scheme (Interest Payable Monthly or Quarterly)
Period (Years)Minimum Deposit Amount (Rs)Rate of Interest (p.a.)
These rates are for general investors with deposit of less than Rs 25 Lakhs

Scheme B: Money Multiplier Scheme (Interest compounded monthly)
Period (Years)Minimum Deposit Amount (Rs)Maturity Amount (Rs)Rate of Interest (p.a.)Effective Yield (p.a.)

For more details download form below


Website: KTDFC Fixed Deposit Scheme

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