PIPS Schemes

Period Interest Payment Scheme (PIPS)
Under PIPS, Interest is paid either
(a) monthly or (b) quarterly or (c) annually, and the minimum amount of deposit accepted is Rs.50,000/-.

Interest Rates
REVISED RATES OF INTEREST W.E.F.18.01.2021

SCHEME – I PERIODIC INTEREST PAYMENT SCHEME
Minimum Deposit Rs. 50000/-
Others Senior Citizen
Period (Months) Monthly (%) Quarterly (%) Annually (%) Monthly (%) Quarterly (%) Annually (%)
24 - 7.25% - - 7.50% -
36,48 & 7.75% 7.75% 7.98% 8.25% 8.25% 8.51%
60 8.00% 8.00% 8.24% 8.50% 8.50% 8.77%
 

 
 
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