This Government Company Offers 8% On Fixed Deposits, Should You Invest?

This Government Company Offers 8% On Fixed Deposits, Should You Invest?

• By Staff Writer

The government of Tamil Nadu owned, Tamil Nadu Power Finance and Infrastructure Development Corporation (Tamil Nadu Power Finance) is offering an interest rate of as high as 8% on its fixed deposits for individuals and 8.5% for senior citizens. That is extremely good when compared to government-owned banks.