Yes. TDFC is a Government Organisation, fully owned by the Government of Tamilnadu

Yes. TDFC is registered with Reserve Bank of India as a Non-Banking Finance Company and the Registration No. is 07.00403.

Any individual can make deposit
The minors can make deposit with the natural guardian
Various Private Institutions, Educational Institutions / Educational Trust / Temples / Government Departments / Boards may also invest in the name of the institutions / Department / Board.

Depositor can make deposit either through Cheque / Online Remittance link page in our website.
No cash receipt or payment is entertained.

TDFC is offering two types of Deposit Schemes viz.
1. Periodical Interest Payment Scheme (PIPS) (Interest is payable monthly or quarterly or annually). Click here for the scheme
2. Money Multiplier Scheme (MMS) (Interest is payable at the end of the maturity period) Click here for the scheme

1) The prescribed application form can be downloaded from our website. Click here for application form.

2) Application forms can also be obtained from the following office

a) Registered Office of the Corporation, Chennai.
(Address: Tamilnadu Tourism Complex (4th Floor), No.2, Wallajah Road, Chennai – 600002. Ph. (044) 25333930 and

b) Deposit Moblisation Center, Coimbatore.
(Address: SETC Bus Stand Complex, Gandhipuram, Coimbatore-641044. Ph: 0422-2527102)

The deposit amount should be remitted in the folowing ways

a) Through Cheque in the name of TAMILNADU TRANSPORT DEVELOPMENT FINANCE CORPORATION LTD. payable at Chennai

b) Through Online Remittance facility in our website. Click here for Online Remittance.

Yes. Nomination facility is available subject to the provisions of the RBI (Amendment) Act 1997.
Further a nomination can be made only in respect of a deposit account which is held in the individual capacity of the depositor, and not in any respresentative capacity such as the holder of an office like Director of a company, secretary of an Association, partner of a firm, or Karta of an HUF.
There should be only one Nominee.
The prescribed form for nomination has to be submitted. Click here for the nomination form.

Yes. We have Deposit Mobilisation Centre at Coimbatore.
(Address: SETC Bus Stand Complex, Gandhipuram, Coimbatore-641044. Ph: 0422-2527102)

Yes, the amount may be deposited jointly with not more than two persons.
(The number of depositors should not exceed three including the first named depositor)

Persons who have completed the age of 60 years.

During the tenure of deposit, no addition or deletion or change of joint depositor is permitted except in case of any eventuality to any of the depositor.
However nomination can be cancelled or modified during the tenure of deposit.

Periodic Interest Payment Scheme click here for the rate of interest.
Money Multiplier Scheme click here for the rate of interest.

Yes. ECS facility is available for payment of interest on deposits under Regular Interest Payment Scheme.

Yes. Senior Citizens are offered with additional interest @ 0.25%.

Yes. The loan (only once) can be availed during the tenure of the Deposit upto 75% of the deposit amount after three (3) months from the date of deposit.

The rate of interest on loan will be 2% more than the rate of interest payable on deposits.

A prescribed loan application form duly executed by all the depositors along with duly discharged Original Deposit Receipt should be submitted to TDFC Ltd. click here for loan application form.

The loan amount along with interest should be repaid in one lump sum.
In case, if the loan is not settled upto the date of maturity, the deposit amount will be adjusted against loan together with interest, as applicable, and the balance will be refunded.

The Original Deposit Receipt duly discharged by all the Depositors has to be submitted along with the request signed by all the Depositors for premature closure of Deposit.

The original deposit receipt duly discharged by all the depositors by affixing one rupee revenue stamp on the back side of the deposit certificate has to be forwarded to TDFC. On receipt of the certificate, the amount will be refunded through ECS to the depositor bank account.

The deposit receipt duly discharged by all the depositors together with fresh application form duly filled in has to be submitted on or before the date of maturity.

a) In the event of renewal of deposit received within three months from date of maturity, the deposit will be renewed from the date of maturity at the interest rate, operating at the time of maturity. b) In case the renewal application received after three months from the date of maturity the same will be treated as fresh deposit and the interest rate prevailing on the date of receipt of application will be applicable. c) The rate of interest applicable for the overdue period i.e., from the date of maturity to the receipt of renewal application on the amount so placed as fresh deposit shall be 2% less than the rate of interest applicable for 12 months deposits either at the time of maturity or receipt of renewal application whichever is less.

In the event of demise of the first named depositor, all payment will be made to the person first in order of the survivor (s) and for all purposes he / she will be considered as the first named depositor.

In the event of demise of the depositor (without joint holder), all payment will be made to the legal heir of depositor on production of the death certificate. If there are more than one legal heir, other legal heir should give a consent letter signed before the Notary Public, on whose name the FDR has to be transferred.

Income Tax in terms of provisions of Income Tax Act, 1961 as amended from time to time will be deducted from the interest payable. As per statutory provisions, if the aggregate amount of interest payable to a depositor in anyone Financial Year exceeds Rs.5,000/- Income Tax at applicable rate as prescribed in the Income Tax Act / Finance Act as amended from time to time will deducted. Non-Assessee are required, if necessary, to furnish Form 15G for individuals / 15H for senior citizen (60 years for income-tax purposes) or Form 15AA for Trust in case of Trusts for Financial year as per the Income Tax Act, for non-deduction of tax at source.