KSFE Fixed Deposit Schemes

KSFE_fixed_deposit_schemesThe Kerala State Financial Enterprises Limited, popularly known as KSFE,

  • Is a Miscellaneous Non-Banking Company,
  • Is fully owned by the Government of Kerala.
  • Is one of the most profit-making public sector undertaking of the State.
  • Was created by the Government of Kerala with the objective of providing an alternative to the private chit promoters in order to bring in social control over the chit fund business, so as to save the public from the clutches of unscrupulous fly-by-night chit fund operators.
  • Has been registering impressive profits every year, without fail since its inception.

Features and Benefits of KSFE Fixed Deposit Schemes:

  • 0.50% additional interest rate for senior citizens.
  • Normally 75% of the fixed deposit amount can be availed as loan. This facility is called Fixed Deposit Loan. In exceptional cases loan upto 90% can be sanctioned by the branch manager using discretionary power. Interest for the loan is 2% above the rate of interest on Fixed Deposit.

Interest rate of KSFE Fixed Deposit Schemes:

1-year and above but not exceeding 3 years
  • 10.00% p.a. for FD from Public (10.50% p.a. for Senior Citizens)
  • 10.25% p.a. for Chitty Prize Money deposits(10.50% p.a. for Senior Citizens)

Website: KSFE Fixed Deposit Schemes

About Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.

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