Kores India Limited Fixed Deposit 2025

1. Non-Cumulative Scheme - Under this fixed deposit scheme interest is payable at the end of the calendar quarter ie: 30th June, 30th September, 31st December and 31st March / at the time of maturity
2. Cumulative Scheme - Under this fixed deposit scheme interest will be compounded quarterly and paid at the time of maturity and / or interest in case of prematurity request

Features and Benefits of Kores India Limited Fixed Deposit

The Kores India Limited Fixed Deposit schemes come with a number of attractive features and benefits:

1. The minimum fixed deposit amount for the Non-cumulative Scheme is Rs 25,000, while the minimum fixed deposit amount for the Cumulative Scheme is Rs 10,000
2. Additional amounts can be made in multiples of Rs 5,000 only
3. The period of the deposits will be for 1, 2 or 3 years
4. Under the Non-cumulative Scheme interest is paid every quarter, while under the Cumulative Scheme interest is compounded on an annual basis and is payable at the time of maturity
5. If the income earned through interest is more than Rs 5,000 then TDS will be deducted. However, if the account holder submits a completed Form 15G/H then no TDS will be deducted
6. Both fixed deposit schemes offer nomination facilities
7. Should any charges arise relating to bank draft, then the company will bear the costs
8. Interest payments of deposit repayments will be carried out via ECS to the bank account of the depositor. Hence it is mandatory for a copy of a cancelled cheque to be provided

Eligibility Criteria for Kores India Limited Fixed Deposits

In order to apply for a fixed deposit with Kores India Limited, the following eligibility criteria is required to be met by the applicant:

1. The applicant must be any of the following:
   1. An individual who is a resident
   2. A firm
   3. A minor
   4. A Hindu Undivided Family
   5. A trust
   6. A company
2. Minors can only apply for a fixed deposit through a natural guardian, who will be required to sign the fixed deposit application form
3. The applicant must enclose a copy of his or her PAN Card with the completed application form
4. The application must be complete in all respects and must be submitted along with a cheque or draft

How to Apply for Kores India Fixed Deposit

Interested parties can apply for a fixed deposit with Kores India Limited by following the steps outlined below:

1. Acquire the application form either from the main office or download the application form from the Kores India Limited official website
2. Submit the completed application with a banking slip as well as all relevant documents to any of the RR offices
3. Applicants are required to mention their bank account details as well as PAN Card number on the application form