For Quick Alerts
For Daily Alerts

KTDFC Fixed Deposits: Best Safe Deposits With High Interest Rate Of 8%


Interest rates have fallen very sharply in the last few months and the government has also slashed interest rates on small saving schemes. Some popular saving schemes like the Public Provident Fund offer an interest rate of just 6.9 per cent.

This Very Safe Fixed Deposit Offers 8% Interest Rate And 9.8% Yields

Interest rate on bank fixed deposits are even worse. State Bank of India for example offers an interest rate of just 6 per cent on its fixed deposits. At such times, its only right to look at fixed deposits that are safe and offer a very good interest rates and yield.

The Kerala Transport and Development Finance Corporation (KTDFC) is offering an interest rate of as much as 8 per cent, with yields that are very near the 10 per cent mark.

Interest rates and yields of KTDFC deposits


Period Rate Approx.Maturity value for Rs 10,000 under MMS Approximate cumulative Annual Yield
1 year 8.00 % 10,830 8.30 %
2 years 8.00 % 11,729 8.64 %;
3 years 8.00 % 12,702 9.01 %
4 years 7.75 % 13,621; 9.05 %
5 years 7.75 % 14,715 9.43 %


Period Rate(p/a) Approx.Maturity value for Rs 10,000 under MMS Approximate cumulative Annual Yield*
1 year 8.25 % 10,857 8.57 %
2 years 8.25 % 11,787 8.94 %
3 years 8.25 % 12,797 9.32 %
4 years 8.00 % 13,757 9.39 %
5 years 8.00 % 14,898 9.80 %

Fixed deposits guaranteed by the government of Kerala

The fixed deposits are very safe, as they are guaranteed by the government of Kerala upto a sum of Rs 4,500 crores. Currently, there are no companies or commercial banks in the country that offer an interest rate of as much as 8%. Some small finance banks do offer a better interest rate, but, than one is not so sure.

About the author: Sunil Fernandes is the Managing Editor of with 25-years of experience. Prior to this, he has worked with frontline newspapers and magazines including Dalal Street Investment Journal, Deccan Herald, Hindustan Times, Oman Economic Review and Gulf Times.

Read more about: investment investments
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more