KSFE Fixed Deposit is a financial instrument offered by Kerala State Financial Enterprises Limited (KSFE). It is a safe and secure investment option that offers a higher interest rate than most other investment options.
The following are the key features of KSFE Fixed Deposits:
- The minimum investment amount is ₹100.
- The maximum investment amount is ₹10 lakhs.
- The interest rate is fixed for the entire tenure of the deposit.
- The tenure of the deposit can be from 30 days to 10 years.
- The interest is paid monthly.
- The deposit can be redeemed before maturity, but there will be a penalty for early redemption.
The current interest rates for KSFE Fixed Deposits are as follows:
| * Tenure | Interest Rate (per annum) |
|---|---|
| 30 days | 3.25% |
| 60 days | 3.25% |
| 90 days | 3.25% |
| 180 days | 3.75% |
| 364 days | 4.50% |
| 1 year | 6.00% |
| 2 years | 6.50% |
| 3 years | 7.00% |
| 4 years | 7.25% |
| 5 years | 7.50% |
Senior citizens (above 60 years of age) are eligible for an additional interest of 0.50% per annum.
To open a KSFE Fixed Deposit, you can visit any KSFE branch in Kerala. You will need to submit a filled-in application form along with your identity proof and proof of address.
KSFE Fixed Deposits are a safe and secure investment option that offer a higher interest rate than most other investment options. If you are looking for a safe and secure investment option for your money, then KSFE Fixed Deposits can be a good option for you.
Here are some of the benefits of investing in KSFE Fixed Deposits:
- Safety and security: KSFE Fixed Deposits are backed by the Government of Kerala, which makes them a very safe investment option.
- Higher interest rates: KSFE Fixed Deposits offer higher interest rates than most other investment options.
- Flexibility: You can choose the tenure of your deposit, from 30 days to 10 years.
- Liquidity: KSFE Fixed Deposits are very liquid, which means that you can easily redeem them before maturity.
If you are looking for a safe, secure, and profitable investment option, then KSFE Fixed Deposits can be a good option for you.