TNPFC FD Rates 2026

Tamil Nadu Power Finance and Infrastructure Development Corporation Limited (TNPFC), a wholly-owned enterprise of the Government of Tamil Nadu, offers one of the most attractive fixed deposit (FD) schemes in the market. Known for its competitive interest rates and high level of safety, TNPFC FDs are a popular choice among investors seeking stable and assured returns. Continue reading to learn about TNPFC latest FD rates. 

TNPFC Fixed Deposit Rates for General and Senior Citizens

TNPFC, a government-owned NBFC of Tamil Nadu, offers fixed deposit schemes with attractive interest rates for both general and senior citizen depositors. Here is the latest fd rates outlined in the table given below- 

TNPFC offers one-year FDs with 7.80% p.a. for general citizens and 7.95% p.a. for senior citizens. For longer tenures such as 4 years or 5 years, the rates rise to around 8.10% -- 8.25% (general citizens) and up to 8.45% --8.75% (senior citizens). 

The interest rates at TNPFC  depend on the tenure of your deposit, your status (general or senior citizen), and whether you choose cumulative or non-cumulative payout. For example, a 60-month (5-year) cumulative FD currently offers about 8.25% p.a. for regular investors and 8.75% p.a. for senior citizens. 

These rates place TNPFC FDs among the higher-yielding fixed deposit options compared to many banks, especially for longer tenures.

Term-Wise TNPFC Fixed Deposit Rates

After checking the latest TNPFC fixed deposit rates, you can refer to the following breakdown to understand how much you can potentially earn across different investment tenures.

Short Term:

Suppose, an investor below 60 years decides to invest ₹2,00,000 in a TNPFC fixed deposit for 1 year at an interest rate of 7.80% p.a. (cumulative). At the end of 12 months, the maturity amount will be approximately ₹2,15,601 earning a return of ₹15,601. For senior citizens, who enjoy a slightly higher rate of 7.95% p.a., the maturity amount will be around ₹2,15,900.

Medium Term:

If you wish to invest for 3 years to meet mid-term goals, a TNPFC FD can be a strong choice. For instance, investing ₹3,00,000 for 36 months at 8.00% p.a. will yield a maturity value of around ₹3,77,914. Meanwhile, senior citizens earning 8.20% p.a. would get approximately ₹3,80,018 at the end of the tenure.

Long Term:

For investors looking to grow their savings over 5 years, TNPFC offers one of the most attractive FD rates in the market. If you deposit ₹5,00,000 in a 5-year cumulative FD at 8.25% p.a., your investment will grow to approximately ₹7,43,207. Senior citizens investing at 8.75% p.a. will receive about ₹7,60,530 upon maturity.

In short, whether you’re investing for a short, medium, or long-term goal, TNPFC fixed deposits offer stable and competitive returns that outperform many traditional bank FDs.

Benefits of TNPFC Fixed Deposit Rates

• High returns: The rates are competitive compared to many fixed deposits offered by banks, especially for longer tenures.
• Senior citizen benefit: Extra interest rates are offered for senior citizens, enhancing return potential.
• Choice of tenure & payout: You can pick tenures from 1 to 5 years and decide between cumulative (interest at maturity) or non-cumulative (periodic payouts) options.
• Government-owned NBFC: Being state government owned adds an extra layer of comfort to investors looking for secure fixed deposit instruments.

Eligibility to Avail TNPFC Fixed Deposit Rates

Eligibility includes:

• Resident Indian individuals (including senior citizens)
• Non-residents 
• Institutions

Documents Required to Avail TNPFC Fixed Deposit Rates

To open a TNPFC FD, you’ll typically need to submit:

• Aadhaar Card
• PAN Card
• Passport
• Voter ID
• Driving license
• Ration card
• Telephone bill, water bill or Electricity bill not older than 3 months.
• Bank Account Statement 
• Address Certificate with Photo issued by MP/MLA or Gazetted Officer in a letter head
• Address Certificate with Photo issued by Govt. recognized educational institutions (for students only)

Premature Withdrawal of TNPFC Fixed Deposit

TNPFC allows premature withdrawal of fixed deposits, but certain rules and reduced interest rates apply depending on when you choose to withdraw.

• If a deposit is withdrawn within 3 months from the date of investment, no withdrawal is permitted. However, in the event of the depositor’s death, premature withdrawal within this period is allowed, but no interest will be paid.
• For withdrawals after 3 months but before 6 months, no interest is payable.
• If the deposit is withdrawn after 6 months but before 12 months, the interest rate will be 3% per annum less than the rate applicable for a 12-month term.
• For withdrawals after 12 months but before 24 months, the interest will be 2% per annum less than the 12-month rate.
• Withdrawals after 24 months but before 36 months will attract interest 2% per annum less than the 24-month rate, and those after 36 months but before maturity will earn 2% per annum less than the 36-month rate.
• For deposits exceeding ₹1 crore, a one-month prior notice is required for premature withdrawal, while deposits below ₹1 crore require a 15-day notice.\
• In the case of joint deposits, all surviving depositors must sign a requisition letter and discharge the deposit jointly to initiate premature withdrawal.

Tax on TNPFC Fixed Deposit Interest

Interest earned on these fixed deposits is treated as “income from other sources” and taxed as per your income tax slab. If TDS (tax deducted at source) is applicable, you may see deduction when interest crosses the threshold. Always consult a tax advisor for exact implications.

TNPFC Overdraft Against Fixed Deposits

TNPFC allows investors to access funds from their fixed deposits without having to break them prematurely. You can avail a overdraft against your TNPFC deposit after three months from the date of opening, subject to the Corporation’s discretion. The overdraft against fixed deposit amount can be up to 70% of the deposit value, ensuring easy liquidity whenever needed.

For deposits opened before April 1, 2020, the depositor must submit the duly discharged deposit receipt along with a new application form before the date of maturity for renewal. For deposits opened on or after April 1, 2020, renewal or overdraft requests can be conveniently made online through the TNPFC web portal or mobile application.

In the case of joint deposits, all depositors are required to sign the loan documents. The interest rate charged on overdraft is 2% higher than the applicable FD interest rate, as per the latest revision. Additionally, the interest payable to TNPFC can be adjusted against the interest receivable by the depositor.

The borrowed amount, along with the accrued interest, must be repaid in a single lump sum. If the loan remains unpaid till the date of maturity, the deposit amount will be adjusted against the outstanding overdraft amount and interest, and any remaining balance will be refunded to the depositor.

TNPFC FD Calculator

You can calculate expected returns from the TNPFC fixed deposit using TNPFC FD Calculator given below. 

Why Should You Book an FD with Stable Money?

Stable Money offers a user-friendly platform that enables you to compare and book high-yield FDs like TNPFC alongside other trusted issuers all in one place. You can explore the best rates, tenure options and make your investment. Your deposits remain safe and you benefit from comparative transparency and convenience.

Conclusion

If you’re looking for a fixed deposit with higher interest rates, especially for mid to long-term tenures, TNPFC is a noteworthy option. While the returns are strong, make sure you align your investment with your liquidity needs, understand the tax implications, and verify the terms (cumulative vs non-cumulative, premature withdrawal rules). With a well-planned deposit, you can make your money work harder while maintaining reasonable safety.