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.)
1 10,000 10.25%
2 10,000 10.25%
3 10,000 10.25%
4 10,000 10.00%
5 10,000 10.00%
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.)
1 10,000 11,075 10.25% 10.75%
2 10,000 12,265 10.25% 11.32%
3 10,000 13,582 10.25% 11.94%
4 10,000 14,893 10.00% 12.23%
5 10,000 16,453 10.00% 12.91%

For more details download form below


Website: KTDFC Fixed Deposit Scheme

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