In non cumulative option, interest would be paid monthly or quarterly or annually based on the option chosen.ģ) You can deposit a minimum of Rs 50,000 and in multiples of Rs 1,000 in this FD scheme.Ĥ) TN Power Finance Interest rates are ranging between 7% to 8.5% for general category.ĥ) Senior Citizens would get 0.25% higher interest rates.Īlso Read: Best Short Term Mutual Funds to invest in India In cumulative option, the interest would be paid on maturity. Tamil Nadu Power Finance Fixed Deposit Scheme Details in 2020ġ) Tamil Nadu Power Finance FD’s comes with 1 year to 5 years tenure.Ģ) This FD scheme, offer cumulative and non cumulative options. One should note that these FDs are not specifically indicated as guaranteed by TN Government anywhere in the website or in the application form. Their deposit schemes are as per RBI Guidelines. It declared dividend 30% on Profit After Tax for the Financial year 2017- 2018. The Corporation has been making a profit since its inception. It provides Financial Assistance to Power and Infrastructure Projects and provides funds to Tamil Nadu Generation and Distribution Corporation Ltd. It mobilizes funds through various Deposit Schemes. 7.00389 Classified as a Hire Purchase Finance Company. Registered with RBI as a Non Banking Finance Company vide Regn no. TNPFC is wholly owned by the government of Tamilnadu. About Tamil Nadu Power Finance and Infrastructure Development Corporation Limited (TNPFC)