Kores is one of the most diverse business corporations 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 9.50% p.a. and 11.50% 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.
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
12 months |
9.50% |
9.75% |
|
24 months |
10.25% |
10.50% |
|
36 months |
11.50% |
11.75% |
*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 12 October 2018.
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
12 months |
9.50% |
9.75% |
|
24 months |
10.25% |
10.50% |
|
36 months |
11.50% |
11.75% |
*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 12 October 2018.
The highest Kores FD rate for cumulative deposit and non-cumulative schemes is 11.50% p.a. for a tenure of 3 years. The highest rate for Senior Citizen deposits is 11.75% p.a. for a similar maturity period.
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
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