- Fixed Deposit
- Tamil Nadu Power Finance
- Tamil Nadu Power Finance Fixed Deposit
Tamil Nadu Power Finance Fixed Deposit
7.8%
Interest for 3 years
Tamil Nadu Power Finance FD Interest Rates 2024
| Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
|---|---|---|
| 1 year - 1 year | 7.5% | 7.8% |
| 1 year 1 day - 2 years | 7.6% | 7.9% |
| 2 years 1 day - 3 years | 7.8% | 8% |
| 3 years 1 day - 4 years 11 months 30 days | 8% | 8.3% |
Note: All interest rates shown above are as on 3rd Jul 2024
About Tamil Nadu Power Finance FD
Tamil Nadu Power Finance and Infrastructure Development Corporation Limited were incorporated in 1991. It is a wholly government-owned corporation (Government of Tamil Nadu). The NBFC has classified a hire purchase company and mobilizes funds through various deposit schemes. Tamil Nadu Power Finance provides financial assistance to various Power and Infrastructure Projects and funds to Tamil Nadu Generation and Distribution Corporation Ltd. Tamil Nadu Power Finance has its headquarters in Chennai. The total deposits as of March 2022 stood at INR 38,784.85 crores. Tamil Nadu Power Finance’s Fixed Deposits have an A- (Stable) Credit Rating.
7.5% - 8%
FD Rate
7.8% - 8.3%
FD Rate for Seniors
₹ 50000
Minimum Deposit
₹ 5 Crores
Maximum Deposit
-
Lock-in
-
FD Tenure
-
Loan against FD
A- (Stable)
CRISIL Rating
Tamil Nadu Power Finance FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 7.8% | For 5 years with interest of 8% |
|---|---|---|
| ₹ 50,000 | ₹ 63,134 | ₹ 74,492 |
| ₹ 1 lakh | ₹ 1,26,269 | ₹ 1,48,985 |
| ₹ 2 lakh | ₹ 2,52,538 | ₹ 2,97,969 |
| ₹ 5 lakh | ₹ 6,31,344 | ₹ 7,44,923 |
| ₹ 10 lakh | ₹ 12,62,688 | ₹ 14,89,846 |
Compare Tamil Nadu Power Finance Fixed Deposit Returns with Top Banks
Use FD calculator to change values and compare your returns from top banks.
 | | |
|---|---|---|
| Maturity Amount | ₹ 1,07,763 | ₹ 1,06,697 |
| Total Investment Amount | ₹ 1,00,000 | ₹ 1,00,000 |
| Total Interest Gained | ₹7,763 | ₹ 6,697 |
Compare Tamil Nadu Power Finance Fixed Deposit Rates with Top Banks
| Bank Name | FD Interest Rates |
|---|---|
 | 6.5% - 7% |
 | 7% - 7.5% |
 | 7.75% - 8% |
 | 7.35% - 7.6% |
 | 7% - 7% |
 | 6.85% - 7.35% |
 | 8% - 8.5% |
 | 6.5% - 7% |
 | 7.15% - 7.65% |
 | 8.5% - 9.1% |
Calculate Tamil Nadu Power Finance FD Returns
₹1,00,000
Total Investment
7,763
Wealth Gained
₹1,07,763
Maturity Amount
The flexible & tax efficient alternative to FDs.
Frequently Asked Questions
What is the highest Tamil Nadu Power Finance FD rate today?
What is the highest interest rate on Tamil Nadu Power Finance 1 year FD scheme?
What is Tamil Nadu Power Finance FD scheme interest rate for 5 years?
How many years FD will double in Tamil Nadu Power Finance?
What is Tamil Nadu Power Finance FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in Tamil Nadu Power Finance?
What are the available FD tenures in Tamil Nadu Power Finance?
What is Tamil Nadu Power Finance FD ROI for 10 lakh deposit for 1 year?
The interest from the Tamil Nadu Power Finance FD calculator for 10 lakh deposit for 1 year will be INR 77,633. The maturity value will be INR 10,77,633. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in Tamil Nadu Power Finance?
How many FDs can be opened in Tamil Nadu Power Finance?