FD Interest Rate

FD Interest Rate – Who does not want to invest in low-risk investment options? Fixed Deposit is considered to be the safest investment option. In a few FDs, investors get more interests than stock market. This is one of the huge reasons why people prefer fixed deposits than stock market options.

FD Interest Rate – Invest a bare minimum and get upto 10 lakhs.

Now-a-days, many banks have already increased interest rates on FDs. They allow customers to get higher interest rates on their deposited amount of money. Tamil Nadu Power Finance and Infrastructure Development Corporation Limited is one of the companies (Govt. company) to offer covetable FD interest rate.

Cumulative fixed deposit is a FD scheme of Tamil Nadu Power Finance and Infrastructure Development Corporation Limited which can be availed by senior citizens. People at the age of 58 years and above can avail 8.5% FD Interest Rate on fixed deposits of 60 months.

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Monthly, quarterly, annual interest will be delivered under this FD scheme. The FD that Tamil Nadu Power Finance and Infrastructure Development Corporation Limited offers, can be done for tenures of 2,3,4,5 years. FD interest rate on this scheme for non-senior citizens between 7.5% – 8% depending on the tenure.

If the investors invest money more than 60 months, they will get 8.5% interest. Keep visiting our website for more.
Written and edited by Rajeshwari.

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