FIXED DEPOSITS OFFERED BY TAMILNADU POWER AND INFRA.FINANCE CORPORATION :

SOME OF THE GOVT OWNED COMPANIES ARE ACCEPTING DEPOSITS FROM PUBLIC.

BENEFITS OF THESE DEPOSITS ARE THAT THEY OFFER SECURITY AS WELL ENOUGH DIVERSIFICATION TO THE PORTFOLIO.

TAMILNADU POWER FINANCE & INFRASTUCTURE DEVELOPMENT CORPORATION LTD: 

1. WHOLLY OWNED BY GOVT OF TAMILNADU.
2. REGISTRED WITH RBI AS A NON BANKING FINANCE COMPANY.
3. PROVIDES FINANCIAL ASSISTANCE TO POWER & INFRASTRUCTURE PROJECTS AND PROVIDES FUNDS TO TAMILNADU ELECTRICITY BOARD.
4. OPERATIONS FULLY COMPUTERISED.
5. CONSISTANTLY MAKING PROFIT SINCE ITS INCEPTION OF 1991.DECLARING DIVIDEND @20% ON PAID UP EQUITY SHARES CONTINUOUSLY.
6. TOTAL DEPOSITS AS ON 31/03/2011 :  5090.45 CRORES.
7. TOTAL NO OF DEPOSITORS AS ON 31/03/2011 : 4,75,261.

SOURCE  :  http://www.tnpowerfinance.com/

DEPOSIT RATES :

REGULAR INTEREST PAYMENT FOR SR. CITIZENS:

PERIOD	MONTHLY	QUARTERLY	YEARLY
24	——	9.83	——–
36,48 & 60	10.50	10.59	11.02
MIN.DEPOSIT	Rs.20000/-	Rs.10,000/-	Rs.10,000/-

REGULAR INTEREST PAYMENT FOR OTHERS:

PERIOD	MONTHLY	QUARTERLY	YEARLY
24	——	9.58	——–
36,48 & 60	10	10.08	11.47
MIN.DEPOSIT	Rs.20000/-	Rs.10,000/-	Rs.10,000/-

CUMULATIVE DEPOSITS FOR SENIOR CITIZENS:

PERIOD	INTEREST RATE	ANNUAL YIELD	MATURITY VALUE OF Rs. 10000/-
12	9.50	9.65	10992
24	9.75	10.72	12144
36	10.50	12.28	13684
48	10.50	12.98	15192
60	10.50	13.73	16866.

CUMULATIVE DEPOSITS FOR OTHERS:

PERIOD	INTEREST RATE	ANNUAL YIELD	MATURITY VALUE OF Rs. 10000/-
12	9.25	9.65	10965
24	9.50	10.42	12083
36	10	11.61	13482
48	10	12.23	14894
60	10	12.98	16453.