Who can apply / invest ?

HUF / Individual / Trust / Firms / Corporate / Senior Citizen / Minor .

General Terms & Conditions

1] PIPS Scheme – Interest is Paid Monthly or Quarterly.

2] MMS Scheme – Interest is compounded monthly and paid on Maturity.

3] Minimum amount of deposit is Rs. 10,000/- and in multiple of Rs. 1,000/- thereafter.

4] Interest payment will take place through ECS / NEFT / Interest Warrants.

5] Additional interest of 0.25% for Senior Citizen.

6] Trust Deposits will be eligible for tax exemption under Section 11 ( 5 )( ix ) of Income Tax Act ,1961.

7] KYC Norms (Pan card copy and Address Proof) are mandatory in case of new investor.

8] TDS as applicable will be deducted if interest income is more than Rs. 5,000, however no TDS will be deducted if a duly filled Form 15 G/H is submitted.

9] Fixed Deposit Receipt(FDR) will be dispatched directly to the depositor by registered post /courier service at the address provided in the application form within 08(eight) weeks or such extended period as may be decided by Company, from the date of DD/cheque realisation.

Important Information (Instructions)

Attach following document along with the application form :-

1] Self attested copy of PAN Card and address proof (all the applicants in case of joint application).

2] Signature of all applicants on the application form.

3] At par A/c Payee Cheque / DD (Payable at Thiruvananthapuram) should be drawn in favour of “Kerala Transport Development Finance Corporation Ltd “.

4] One cancelled cheque (for ECS).

5] Send your application form on our address.

6] The Acknowledgement copy will be sent by Email / Post.

7] Keep photocopy of application form for your record.

8] Free Home Service is available.*

For Renewal of Deposit

Send us below mentioned documents along with the Original FDR

1] Stick Rs. 1 Revenue stamp on the back side of fixed deposit receipt and across Signed by all depositors.

2] Signature of all applicants on the application form.

3] Self attested copy of PAN Card(all the applicants in case of joint application).

Interest Rates (%)

Kerla TDFC Fixed Deposit Cumulative Scheme

Note:
1] The rate of interest applicable with effect from 25th January, 2016 is as follows:
2] Additional rate of 0.25% p.a. for Senior Citizen.
3] Under Periodic Interest Payment Scheme (PIPS), interest will be paid Monthly or Quarterly with MONTHLY RESTS, Under Money Multiplier Scheme (MMS), interest shall be COMPOUNDED MONTHLY and paid on maturity