Kores India Limited Fixed Deposit Rates
Kores is one of the most diverse business corporations in of the country. It was founded in 1936. The company has incorporated Fixed Deposit schemes as part of its services.
The Kores FD rates for cumulative Fixed Deposits and non-cumulative Fixed Deposits are between 9.25% p.a. and 10.50% p.a. The minimum deposit amount for cumulative deposits is Rs.10,000 and the for non-cumulative deposits is Rs.25,000.
The tenure range for Kores Term Deposits is 1 year to 3 years. The minimum deposit amount for both cumulative and non-cumulative deposits is Rs.20,000.
Kores FD Rates: Cumulative Deposit scheme
Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
12 months | 9.25% | 9.50% |
24 months | 9.75% | 10.00% |
36 months | 10.50% | 10.75% |
*The Kores FD interest rates are subject to change as per the discretion of the company. The rates mentioned in the table are valid as of October 2023.
Kores Fixed Deposit rates: Non-Cumulative Deposit scheme
Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
12 months | 9.25% | 9.50% |
24 months | 9.75% | 10.00% |
36 months | 10.50% | 10.75% |
*The Kores Term Deposit rates are subject to change as per the discretion of the company. The rates mentioned in the table are valid as of October 2023.
The highest FD rate for cumulative deposit and non-cumulative schemes is 10.50% p.a. for a tenure of 3 years. The highest rate for Senior Citizen deposits is 10.75% p.a. for a similar maturity period.
The interest for a non-cumulative FD scheme will be payable on quarterly basis. For cumulative FD schemes, the interest is compounded quarterly and will be payable on maturity.
How to Apply for Kores Fixed Deposit
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 .
FAQs on Kores India Limited Fixed Deposit Rates
- What is the highest and lowest rate of interest on FD schemes by the Kores India?
The highest and lowest rate of interest on FD schemes by the Kores India are 9.25% p.a. and 10.50% p.a., respectively.
- What is the minimum deposit amount?
The minimum deposit amount is Rs.20,000.
- What is the special rate of interest for senior citizens?
Kores India Limited offers an additional interest rate of 0.25% p.a. to senior citizens.
- Is a nomination facility available in Kores India limited FD schemes?
Yes, a nomination facility is available in Kores India limited FD schemes.
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