How to find the best rates for Kores India Ltd Fixed Deposit
Kores India Limited offers applicants two types of fixed deposit schemes that come with attractive interest rates. The two types of fixed deposit schemes offered by the company are
- Non-cumulative Scheme
- Cumulative Scheme
Under the Non-cumulative Scheme interest is paid out on a quarterly basis, while under the Cumulative Scheme interest is compounded on a yearly basis and is paid out at the time of maturity.
Interest Rates Offered by Kores India Limited Fixed Deposit Schemes
The interest rates offered by Kores India Limited fixed deposit schemes are as follows:
Non-cumulative Scheme
- Depositors can earn interest rates of 9.50% per annum on a minimum deposit of Rs 25,000. The term or duration of the fixed deposit will be 12 months
- If the applicant opens a fixed deposit for a 24 months period with a minimum deposit amount of Rs 25,000, he or she will be eligible to receive interest rates of 10.25% per annum
- For a fixed deposit term of 36 months and a minimum deposit of Rs 25,000, an applicant is eligible to receive interest rates of 11.50% per annum
Cumulative Scheme
- For a fixed deposit period of one year, depositors can earn interest rates of 9.50% with a minimum deposit of Rs 10,000
- For a fixed deposit period of two years, depositors can earn interest rates of 10.25% with a minimum deposit of Rs 10,000
- For a fixed deposit period of three years, depositors can earn interest rates of 11.50% with a minimum deposit of Rs 10,000
Fixed Deposit Interest Rates for Senior Citizens
Senior citizens who are interested in open a fixed deposit with Kores India Limited are eligible to receive an additional 0.25% interest per annum, provided their age on the date of application is 60 years, and sufficient proof of age is provided.
- For a fixed deposit period of one year, senior citizens can earn interest rates of 9.75% under both fixed deposit schemes
- For a fixed deposit period of two years, senior citizens can earn interest rates of 10.50% under both fixed deposit schemes
- For a fixed deposit period of three years, senior citizens can earn interest rates of 11.75% under both fixed deposit schemes
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