:::: Tamilnadu Power Finance ::::

Is Power Finance a government Organization?

Yes. Power Finance is a Government Organization, fully owned by the Government of Tamil Nadu.

Whether Power Finance is registered with RBI?

Yes. Power Finance is registered with Reserve Bank of India as a Non-Banking Finance Company and the Registration No. is 07.00389.

Is it possible to make the deposit in the name of Minor?

Yes. The deposit can be made in the name of Minor jointly through guardian.

What are the Deposit Schemes offered by Power Finance?

Power Finance is offering two types of Deposit Schemes viz.

1..	Regular Interest Payment Scheme (RIPS) (Interest is payable monthly or quarterly or annually) click here for the scheme
2.	Cumulative Interest Payment Scheme (CIPS) (Interest is payable at the end of the maturity period) click here for the scheme

Where from the Application form can be obtained?

Application forms can be obtained from the Registered Office of the Corporation at No. 490/3-4, Anna Salai, Nandanam, Chennai - 600 035. Ph: 24329945 / 24329946.The prescribed application form can be downloaded from the website. click here for application form.

How is the deposit amount to be remitted?

The deposit amount should be remitted in the form of crossed Demand Draft or Cheque in the name of TAMIL NADU POWER FINANCE AND INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED payable at Chennai.

Local cheques (Chennai) only will be accepted.

Outstation depositors can remit the amount after deducting DD commission or Bank Charges. [eg. for depositng Rs.10,000, depositor may send DD for Rs. 9980/- after dedecting bank commision of Rs.20/- ].

Whether Nomination facility is possible?

Yes. Nomination facility is available. There should be only one Nominee. The prescribed form for nomination has to be submitted. click here for the nomination form.

Whether Power Finance has collection centres or branches?

No. We don't have any collection centres or branches. But, we have authorised agents for moblisation of deposits.click here for the list of authorised agents.

Whether Joint deposit is possible?.

Yes, the amount may be deposited jointly with two other persons. ( The number of depositors should not exceed three including the first named depositor)