Fixed Deposits of TN Power Finance

#1
Tamilnadu Power Finance and Infrastructure Development Corporation and Tamilnadu Transport Development Finance Corporation offer to senior citizens, interest rates of 9.75% to 10.2% on fixed deposits of three to five years, depending on the periodicity of interest payment. How safe are these FDs? Does any one have experience of dealing with them?
 

Atiker

Active member
#2
Tamilnadu Power Finance and Infrastructure Development Corporation and Tamilnadu Transport Development Finance Corporation offer to senior citizens, interest rates of 9.75% to 10.2% on fixed deposits of three to five years, depending on the periodicity of interest payment. How safe are these FDs? Does any one have experience of dealing with them?
Better invest in FMPs with dividend option.
 
#5
hello,

I had an FD of 1 lakh (cummulative) for period of 5 years (maxm) 5 years back...it is maturing on 25th of this month...i got chq today (1st) itself...
...with jaya as CM ...i don't think there is any problem with this govt FD...

Every years audited results are there...you can check

I would suggest
1. Don't put all eggs in one basket..i.e don't invest full amt in this instrument..invest in other fd;s like DHFL, Mahindra , Bajaj Finance,shriram..etc
2 NCD of DHFL coming on Aug 5 with good returns..
3 Other option is do FD of Tamilnad for 1 year only and renew it every year...overall returns will be less but may reduce your perceived risk.

I consider FMPs more risky with no assurance of fixed/guaranteed returns.
 
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