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Moneylife » Investing » Personal Finance » Tamil Nadu Power Finance hikes interest rates for fixed deposit schemes

Tamil Nadu Power Finance hikes interest rates for fixed deposit schemes

Moneylife Digital Team | 12/03/2011 12:30 PM | 

The upward revised interest rate for the regular interest payment scheme is 10.47% for 36 months, 48 months and 60 months

Tamil Nadu Power Finance has revised the interest for its existing fixed deposit schemes. The upward revised interest rate for the regular interest payment scheme (RIPS) is 10.47% for 36 months, 48 months and 60 months.  The interest is calculated annually. The interest rate for the RIPS scheme for senior citizens (age 58 years and above) is 10.50% p.a. (11.02%) for 36, 48 and 60 months. The rate of interest is calculated monthly. The revised interest rate for this cumulative interest payment scheme (CIPS) is 10% p.a. for 60 months. The interest rate for the Powerfin CIPS scheme for senior citizens is 10.50% p.a. for 60 months.


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3 Comments
sheeja

sheeja 4 years ago

i want to put fixed deposit , but i a not in chennai, i am living abroad and my mothers place is in coimbatore, so how can i put it

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Shankar Devarajan

Shankar Devarajan 5 years ago

I had sent the FDR for renewal about one month back. There is no response till now. Their telephone is always engaged and no respone also for the mails sent.

Can the co pl respond.

Thanks,

shankar

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sudhir gemawat

sudhir gemawat 5 years ago

pl send me form form for f.d along with details at following address asap
Vedant C-204,OffM.G.Road,Unnat Nagar PartII.
Goregaon, Mumbai-400062

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