FD Interest Rate – Now-a-days, Fixed Deposit is considered to be the safest investment option. Who does not want to invest in low-risk investment options? 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.
These 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 to offer covetable interest rate.
What is Cumulative fixed deposit and it’s 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% Interest Rate on fixed deposits of 60 months.
|FD Tenure||FD Interest Rate|
|2, 3, 4 and 5 years||7.25%-8%|
If the investors invest money more than 60 months, they will get Interest Rate of 8.5%. If you have any questions or comments about it, you can tell in the comment box below. Keep visiting our website for more.
Written and edited by Rajeshwari.