Treasury Fixed Deposit (TFD) is a financial instrument offered by the Government of Kerala through its Treasury Department. It is a safe and secure investment option that offers a higher interest rate than most other investment options.
The following are the key features of Treasury Fixed Deposits in Kerala:
- The minimum investment amount is ₹100.
- The maximum investment amount is ₹10 lakhs.
- The interest rate is fixed for the entire tenure of the deposit.
- The tenure of the deposit can be from 1 year to 10 years.
- The interest is paid quarterly.
- The deposit can be redeemed before maturity, but there will be a penalty for early redemption.
The current interest rates for Treasury Fixed Deposits in Kerala are as follows:
| * Tenure | Interest Rate (per annum) |
|---|---|
| 1 year | 7.00% |
| 2 years | 7.00% |
| 3 years | 7.00% |
| 4 years | 6.75% |
| 5 years | 6.75% |
Senior citizens (above 60 years of age) are eligible for an additional interest of 0.50% per annum.
To open a Treasury Fixed Deposit, you can visit any Treasury Office in Kerala. You will need to submit a filled-in application form along with your identity proof and proof of address.
Treasury Fixed Deposits are a safe and secure investment option that offer a higher interest rate than most other investment options. If you are looking for a safe and secure investment option for your money, then Treasury Fixed Deposits in Kerala can be a good option for you.
Here are some of the benefits of investing in Treasury Fixed Deposits in Kerala:
- Safety and security: Treasury Fixed Deposits are backed by the Government of Kerala, which makes them a very safe investment option.
- Higher interest rates: Treasury Fixed Deposits offer higher interest rates than most other investment options.
- Flexibility: You can choose the tenure of your deposit, from 1 year to 10 years.
- Liquidity: Treasury Fixed Deposits are very liquid, which means that you can easily redeem them before maturity.
If you are looking for a safe, secure, and profitable investment option, then Treasury Fixed Deposits in Kerala can be a good option for you.