MMS Schemes

Money Multiplier Scheme (MMS)
Under MMS, the interest is compounded quarterly at the appropriate rate of interest and paid on maturity together with the principal. The minimum amount of deposit acceptable is Rs.50000.

Interest Rates

REVISED RATES OF INTEREST W.E.F.18.01.2021

SCHEME – II MONEY MULTIPLIER SCHEME
Minimum Deposit Rs. 50000/-
Others Senior Citizen
Period
(Months)		 Basic
Rate
p.a
(%)		 Effective
Yield p.a
(%)		 Basic
Rate
p.a
(%)		 Effective
Yield p.a
(%)
12 7.00 7.19 7.25 7.45
24 7.25 7.73 7.50 8.01
36 7.75 8.63 8.25 9.25
48 7.75 8.99 8.25 9.66
60 8.00 9.72 8.50 10.46

 
 
Why to Invest TDFC?
  • Wholly owned by Government of Tamilnadu
  • Registered with RBI as a Non Banking Finance Company vide Regn. No.07.00403
  • Operations fully computerized.
  • Making profit since inception (1975).
  • Loan facility is available against deposits.
  • Nomination facilities are available subject to the provisions of the RBI (Amendmant) Act 1997.
  • Trust can invest with TDFC under Sec.11(5)(VII) of the I.T.Act.

Deposit Schemes