Kores India was established and incorporated as early as 1936 and is even today one of the most valued brands. Kores is a business conglomerate that has a wide range of industry verticals in areas such as engineering, automation, pharmaceuticals, textiles, etc. The firm also offers a diversified range of fixed deposit (FD) schemes.

Given below are the revised interest rates offered on regular and senior citizen fixed deposits schemes for cumulative and non-cumulative FDs:

 *The minimum deposit amount should be Rs.25,000 for non-cumulative and Rs.10,000 for cumulative

Kores FD rates - cumulative & non-cumulative

• Kores pays interest in the range of 9.50% p.a. to 11.50% p.a. for a tenure that ranges from 1 year to 3 years.
• One of the highest interest rates that are paid by the firm is a lucrative 11.50% p.a. for an investment period that is for 3 years.
• The interest rates paid will be the same for both cumulative and non-cumulative term deposits.
• In the case of non-cumulative fixed deposits, the payment of interest will be made to the customer at the end of the quarter.
• For cumulative deposits, interest payments will be made after the maturity period along with the accumulated principal.
• For investing in a 1-year fixed deposit, the interest rate paid will be 9.50% p.a. and for 2 years, the applicable rate will be 10.25% p.a.

Kores senior citizen FD rates

• The range at which senior citizens get interest is from 9.75% p.a. to 11.75% p.a.
• Those aged more than 60 will get the perk of availing an additional interest rate payment, which is 0.25% higher than the regular rate
• The most high-paying tenure is  3 years, where the payment rate is a whopping 11.75% p.a.
• All senior citizens will have to provide valid age proof to avail the benefits that they are entitled to.

How to apply?

All FD application forms will be made available at the Kores registered office at Mahim. The fixed deposit applications can also be downloaded from this link http://kores.in/wp-content/PDF/FixedDepositSchemeForms15.pdf