Kores India Limited Fixed Deposit Interest Rates

Kores India has opened its doors for the citizens of India providing fixed deposit schemes. There are two types of fixed deposit schemes that come with attractive returns and are easy to access.

  • Non-Cumulative Scheme
  • Cumulative Scheme

People opting for the Non-Cumulative fixed deposit scheme have to pay the interest on a quarterly basis whereas, people opting for the Cumulative fixed deposit scheme has to pay the interest on a yearly basis at the time of maturity.

At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Kores India Limited FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.

The interest rates offered by Kores India for Limited fixed deposit Non-Cumulative Scheme-
  • For the holding period of one year, the interest rate calculated is at 9.5% per annum, but the minimum deposit of Rs 25,000/- is required.
  • Moreover, under the minimum deposit of Rs 25,000/-, tenure of two years can avail 10.25% per annum.
  • If the applicant has opened FD India account for three years with the minimum deposit of Rs 25,000/-, the returns can be pegged at 11.50% per annum.
The interest rates offered by Kores India for Limited fixed deposit Cumulative Scheme-
  • With a minimum deposit of Rs 10,000/-, if an applicant has opened fixed deposit for one year, he/she will be eligible to avail FD rates India of 9.50% per annum.
  • Similarly, with a minimum deposit of Rs 10,000/-, if an applicant has opened fixed deposit for two years, he/she will be eligible to avail the return of 10.25% per annum.
  • And, with a minimum deposit of Rs 10,000/-, if an applicant has opened fixed deposit for three years, he/she will be eligible to avail the return of 11.50% per annum.
Fixed Deposit Interest Rates for Senior Citizens:

Unlike other financial institutions, Kores India Limited offers the senior citizens (above 60 years of age) with an additional 0.25% interest on their deposits.

  • For the holding period of 365 days under both FD Schemes, the returns are pegged at 9.75% per annum.
  • For the holding period of 730 days under both FD Schemes, the returns are pegged at 10.5% per annum.
  • For the holding period of three years under both FD Schemes, the returns are pegged at 11.75% per annum.
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