• Fixed Deposit
  • Tamil Nadu Power Finance
  • Tamil Nadu Power Finance Fixed Deposit
Tamil Nadu Power Finance Fixed Deposit

Tamil Nadu Power Finance Fixed Deposit

NBFCA- (Stable) 

7.75%

Interest for 3 years

Tamil Nadu Power Finance FD Interest Rates 2024

TenureNormal Citizen FD RateSenior Citizen FD Rate
1 year - 1 year7.5%7.75%
1 year 1 day - 2 years7.6%7.85%
2 years 1 day - 3 years7.75%8%
3 years 1 day - 4 years 11 months 29 days8%8.25%

Note: All interest rates shown above are as on 7th May 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.

Tamil Nadu Power Finance FD

7.5% - 8%

FD Rate

7.75% - 8.25%

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 AmountFor 3 years with interest of 7.75%For 5 years with interest of 8%
₹ 50,000 ₹ 63,040₹ 74,492
₹ 1 lakh ₹ 1,26,081₹ 1,48,985
₹ 2 lakh ₹ 2,52,162₹ 2,97,969
₹ 5 lakh ₹ 6,30,404₹ 7,44,923
₹ 10 lakh ₹ 12,60,808₹ 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.

vs
Uttarbanga Kshetriya Gramin Bank FD
down-arrow
Tamil Nadu Power Finance FD
Tamil Nadu Power Finance FD
Maturity Amount 1,07,763 1,05,326
Total Investment Amount₹ 1,00,000₹ 1,00,000
Total Interest Gained7,763 5,326

Compare Tamil Nadu Power Finance Fixed Deposit Rates with Top Banks

Bank NameFD Interest Rates
Uttarbanga Kshetriya Gramin Bank FD
5.2% - 5.2%
Kotak Mahindra Bank FD
7% - 7.6%
Paschim Banga Gramin Bank FD
5.3% - 5.8%
Indian Overseas Bank FD
6.5% - 7%
HDFC Ltd FD
7.35% - 7.6%
Jharkhand Rajya Gramin Bank FD
6.5% - 6.75%
Andhra Pragathi Grameena Bank FD
7% - 7.6%
Rajasthan Marudhara Gramin Bank FD
7.1% - 7.6%
Arunachal Pradesh Rural Bank FD
6.25% - 6.75%
State Bank of India FD
6.75% - 7.25%

Calculate Tamil Nadu Power Finance FD Returns

1,00,000

Total Investment

7,763

Wealth Gained

1,07,763

Maturity Amount

Explore Debt Funds, instead!

The flexible & tax efficient alternative to FDs.

Frequently Asked Questions

What is the highest Tamil Nadu Power Finance FD rate today?

The highest Tamil Nadu Power Finance FD rates for general citizens is 8% p.a. and 8.25% p.a. for senior citizens.

What is the highest interest rate on Tamil Nadu Power Finance 1 year FD scheme?

The highest interest rate on Tamil Nadu Power Finance 1 year FD scheme is 7.5% p.a.

What is Tamil Nadu Power Finance FD scheme interest rate for 5 years?

8% p.a is the interest rate for 5 years on Tamil Nadu Power Finance FD scheme.

How many years FD will double in Tamil Nadu Power Finance?

To know in how many years Tamil Nadu Power Finance Bank FD will double, we can follow the 72 rule. We have to divide 72 by the interest rate, and the result will be the number of years Tamil Nadu Power Finance Bank FD will double. The current highest Tamil Nadu Power Finance FD interest rate is 8% so investors will double the investment in 9.00 years. Similarly, senior citizen depositors will double their FD investment in 8.73 years, where the highest FD rate for senior citizens is 8.25%.

What is Tamil Nadu Power Finance FD minimum deposit amount?

The minimum investment in Tamil Nadu Power Finance FD is INR 50,000. However, there is no limit on the maximum amount of investment in Tamil Nadu Power Finance FD.

What is senior citizen fixed deposit interest rates in Tamil Nadu Power Finance?

The senior citizen fixed deposit interest rates in Tamil Nadu Power Finance range between 7.75% to 8.25% p.a. for an available minimum and maximum investment duration.

What are the available FD tenures in Tamil Nadu Power Finance?

Tamil Nadu Power Finance FD tenure ranges from 1 year to 4 years 11 months 29 days

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?

You can check Tamil Nadu Power Finance FD balance either online or offline mode. For online mode, log in to the Tamil Nadu Power Finance internet banking portal. Alternatively, you can visit the nearest Tamil Nadu Power Finance bank to update your passbook for FD balance enquiry.

How many FDs can be opened in Tamil Nadu Power Finance?

There is no restriction on the number of FDs you can open with Tamil Nadu Power Finance.