Table of Contents
Is it safe to invest in Ktdfc?
1) KTDFC FD schemes are considered as safe as these are guaranteed by the Government of Kerala. However, they have fixed a threshold limit of Rs 4,500 Crores for such guarantee.
How safe is Kerala treasury FD?
However, Kerala government treasury currently provides 8.5\% interest on deposits more than 1year. Since it is backed by the government it is 100\% safe.
What is the interest rate of Kerala treasury?
As per the order issued by the finance department on January 18 this year, the rates of interests on short-term deposits in the treasuries have been reduced and fixed at 5.40\% (from previous year’s 6.50\%) for deposits between 46 and 90 days, 5.90\% (from 7.25\%) for deposits between 91 and 180 days, 5.90\% (from 8\%) for …
Which government bank gives highest interest rate on FD?
The highest interest rate on Tax Saver FDs for the general public is being offered by IndusInd Bank at 6.00\% p.a. Axis Bank and Union Bank of India offer the second-highest interest rates for the general public at 5.40\% p.a.
What is the current 3 month treasury bill rate?
Treasury Yield Curve
| 1 Month Treasury Rate | 0.04\% |
|---|---|
| 10 Year-3 Month Treasury Yield Spread | 1.42\% |
| 10-2 Year Treasury Yield Spread | 0.72\% |
| 20 Year Treasury Rate | 1.92\% |
| 3 Month Treasury Rate | 0.06\% |
What is treasury deposit?
Treasury Deposits are money market deposits that offer fixed rates of return over an agreed period. They combine certainty with flexibility and make an excellent addition to a balanced savings and investment portfolio. You can invest in a range of freely tradable currencies across a range of terms. Additional Terms.
What is Kerala treasury bank?
The Treasury savings bank of Kerala is a unique system in India. It provides facilities for Savings Bank (SB) operations and Fixed Deposits. The Savings Bank facility in Kerala Treasuries serves as a means to provide a channel for safe deposits for the public since last fifty years.
Does ktdfc provide extra rate of interest on FD?
Yes. The company provides extra 0.25\% of interest over the regular KTDFC FD rates. For how long can a customer stay invested in KTDFC FD? Customers can invest for a maximum of 5 years and longer by renewing the deposit. Will the previous rate provided at the time of renewal of fixed deposit scheme?
Should you invest in Kerala Transport Development Finance Corporation (ktdfc) deposits?
If you are looking to invest in bank deposits, be prepared to get an interest rate of 4.5 to 5.5 per cent. However, if you are looking for even safer bets, with higher interest rates, go for the deposits from Kerala Transport Development Finance Corporation (KTDFC) and Tamil Nadu Power Finance Corporation.
What is the minimum period of ktdfc fixed deposit?
The minimum period of KTDFC fixed deposit is 1 year and maximum period is 5 years. Income Tax shall not be deducted up to an interest earning of Rs.5,000 during a financial year. If such amount exceeds 5,000, forms 15G / 15H will have to be produced.
Who is the owner of ktdfc in Kerala?
KTDFC is entirely owned by the government of Kerala. It accepts deposits from the public. These deposits are guaranteed by the Government of Kerala, whose job is to ensure absolute security and fair returns for the investors. KTDFC offers many loan products which can be chosen based on the needs of every investor.