Tamil Nadu   

Rate of interest revised

CHENNAI: The Tamil Nadu Power Finance and Infrastructure Development Corporation has revised the rate of interest on fixed deposits with effect from September 22.

The rate of interest on deposits for 12 months is 10.50 per cent, for 24 months 10.75 per cent and for 36, 48 and 60 months 11 per cent.

For those who have completed 58 years, additional 0.25 per cent will be offered on deposits for 12 months and 24 months, and 0.50 per cent for 36, 48 and 60 months, says a release.

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