Short Term Deposit
Now
KSFE is collecting Short Term Deposits for periods ranging from
30 days to 364 days offering attractive rates of interest for
different slabs. Individuals and Institutions can prefer this
deposit for temporary parking of fund. When compared to Nationalised
and Scheduled Banks, the rates of interest are much higher.
Rates
of interest for different slabs
|
Period
|
Rates of interest per annum
|
| 30 days to 60 days |
3.25%
|
| 61 days to 90 days |
4.25%
|
| 91 days to 180 days |
4.75%
|
| 181 days to 364 days |
5.50%
|
Minimum
amount that can be deposited under this scheme is Rs.5,000/-
Deposits in multiples of Rs.500/- will be accepted.
Short
Term Deposits will be accepted as security to future liability in
chitty and loan schemes of KSFE. On maturity these deposits can
be renewed for a further period at the then existing rates. Provision
is also there for premature closure of these deposits.
To
avail this facility, please check our branch list and get in touch
with the branch
which is most convenient for you.
|
