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TN Power Finanace
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REVISED INTEREST RATES ON DEPOSITS W.E.F. 05.07.2008 |
SENIOR CITIZENS ( 58 YEARS ) |
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
10.34 |
- |
48,000/- |
36,48&60 |
10.75 |
10.85 |
11.30 |
44,000/- |
Minimum Deposits |
Rs.20, 000/- |
Rs.10, 000/- |
Rs.10,000/- |
- |
Further
deposits in Multiples of Rs.1, 000/- |
|
OTHERS |
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
10.08 |
- |
49,000/- |
36,48&60 |
10.25 |
10.34 |
10.75 |
46,000/- |
Minimum Deposits |
Rs.20, 000/- |
Rs.10, 000/- |
Rs.10,000/- |
- |
Further
deposits in Multiples of Rs.1, 000/- |
|
CUMULATIVE INTEREST PAYMENT SCHEME
(CIPS-1) |
SENIOR CITIZENS ( 58 YEARS ) |
Period
Months |
Basic rate
per
annum (%) |
Effective
yield
(%) |
Maturity Value for Rs. 10000/- |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
12 |
10.00 |
10.47 |
11047 |
47,700/- |
24 |
10.25 |
11.32 |
12265 |
42,000/- |
36 |
10.75 |
12.62 |
13786 |
35,700/- |
48 |
10.75 |
13.36 |
15343 |
32,100/- |
60 |
10.75 |
14.15 |
17076 |
28,800/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF
RS. 1/-
|
|
OTHERS |
Period
Months |
Basic rate
per
annum (%) |
Effective
yield
(%) |
Maturity Value for Rs. 10000/- |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
12 |
9.75 |
10.20 |
11020 |
49,000/- |
24 |
10.00 |
11.02 |
12204 |
43,200/- |
36 |
10.25 |
11.94 |
13582 |
37,900/- |
48 |
10.25 |
12.60 |
15042 |
34,200/- |
60 |
10.25 |
13.32 |
16658 |
30,900/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF
RS. 1/-
|
|
CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-II) |
| Rs. 601/- Becomes Rs. 1000/- in 60 months |
MINIMUM
DEPOSIT RS. 601/- AND FURTHER DEPOSITS IN MULTIPLES OF RS. 601/- |
|
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