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TN Power Finanace
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REVISED INTEREST RATES ON DEPOSITS W.E.F. 20.07.2009 |
REGULAR INTEREST PAYMENT SCHEME (RIPS) |
| SENIOR CITIZENS |
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
WithoutTax
Deduction
at source
(Rs.) |
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
8.56 |
- |
58,000/- |
36, 48& 60 |
9.25 |
9.32 |
9.65 |
51,000/- |
Minimum
Deposits
in Rs. |
Rs.20,000/- |
Rs.10,000/- |
Rs.10,000/- |
|
Further
deposits in Multiples of Rs.1, 000/- |
|
INDIVIDUALS
|
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
WithoutTax
Deduction
at source
(Rs.)
|
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
8.31 |
- |
60,000/- |
36, 48& 60 |
8.75 |
8.81 |
9.11 |
54,000/- |
Minimum
Deposits
in Rs. |
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
WithoutTax
Deduction
at source
(Rs.)
|
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
7.55 |
- |
66,000/- |
36, 48& 60 |
7.75 |
7.80 |
8.03 |
62,000/- |
Minimum
Deposits
in Rs. |
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
WithoutTax
Deduction
at source
(Rs.)
|
12 |
8.00 |
8.30 |
10830 |
60,200/- |
24 |
8.50 |
9.23 |
11846 |
51,900/- |
36 |
9.25 |
10.61 |
13184 |
43,000/- |
48 |
9.25 |
11.14 |
14457 |
39,200/- |
60 |
9.25 |
11.70 |
15852 |
35,800/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-
|
|
INDIVIDUAL |
Period
Months |
Basic rate
per
annum (%) |
Effective
yield
(%) |
Maturity Value
for Rs. 10000/- |
Maximum
Deposit
WithoutTax
Deduction
at source
(Rs.)
|
12 |
7.75 |
8.03 |
10803 |
62,200/- |
24 |
8.25 |
8.94 |
11787 |
53,700/- |
36 |
8.75 |
9.96 |
12989 |
46,100/- |
48 |
8.75 |
10.43 |
14173 |
42,200/- |
60 |
8.75 |
10.93 |
15464 |
38,700/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-
|
|
OTHERS |
Period
Months |
Basic rate
per
annum (%) |
Effective
yield
(%) |
Maturity Value
for Rs. 10000/- |
Maximum
Deposit
WithoutTax
Deduction
at source
(Rs.)
|
12 |
7.50 |
7.76 |
10776 |
64,400/- |
24 |
7.50 |
8.06 |
11613 |
59,700/- |
36 |
7.75 |
8.69 |
12608 |
53,300/- |
48 |
7.75 |
9.05 |
13621 |
49,300/- |
60 |
7.75 |
9.43 |
14715 |
45,700/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-
|
|
CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-II) |
| Rs. 647/- Becomes Rs. 1000/- in 60 months |
MINIMUM
DEPOSIT RS. 647/- AND FURTHER DEPOSITS IN MULTIPLES OF RS. 647/- |
|
|
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