Frequently Asked Questions (FAQs)

ABOUT K.S.F.E. AND ITS SCHEMES 1. What are the main attractions of enrolling in KSFE Chitties over enrolment in other savings instruments? Chitty is a unique scheme incorporating the aspects of a recurring deposit and an advance scheme. In chitty, the subscriber has an opportunity to bid and avail of advance which amounts to a…

Chitty to raise funds for coastal, hill highway

Roping in Non-Resident Keralites (NRKs) by enrolling them for the Pravasi Chitty of Kerala State Financial Enterprises (KSFE) has been mooted for the construction of the 1,267-km Hill Highway and the 630-km Coastal Highway. The target is to get the chitty subscribed by at least one-lakh NRIs in the first year and to mobilise Rs.10,000…

Kerala to raise NRK funds for development

Kerala Government will raise Rs 10,000 crore from the non-resident Keralites spread across the globe to finance its two new highway development projects. The money will be raised by launching a Pravasi Chitti scheme by the Kerala State Financial Enterprises (KSFE), a wholly-owned non-banking company of the State Government. The target of the government is…

PASSBOOK LOAN

Passbook loan facility of KSFE is available to up to date non-prized chitty subscribers, provided that the subscriber has made no default in the remittance of installment. No security, other than the passbook is required to avail this facility. The interest rate of the advance below 10 lakh is 12.00% (simple) and for defaulted accounts…

KSFE Personal Loan

Our customers are valuable for us. KSFE offers a loan scheme for the customers which allows the customer to take a maximum of Rs.25,00,000 (Rs.25 lakhs) as advance for a duration up to 72 months. KSFE personal loan can be availed by the customers of KSFE with a good track record of one year or…

Kanakadhara Loan

The scheme aims at providing loan for the purchase of gold ornaments for marriage purposes. All persons eligible to enter into a contract under the Indian Contract Act are eligible for the loan, provided the loanee has repaying capacity and produces security which is sufficient and acceptable to the Company as per the norms in…

Deposit in trust Scheme

This scheme is specifically designed for the chitty subscribers, which allows the prized subscriber to deposit the prize money in full/part against future liability intending to withdraw the same on furnishing adequate alternate security or repayable on termination of the chitty, provided that the amount deposited under this scheme should not exceed the future liability…

Money Transfer Service

Western Union Money Transfer In order to provide money transfer services to the customers, KSFE joined hand with the international money transfer service provider, Western Union to act as their agent partner for providing money transfer services anywhere in the world. Money transfer can be done only from a foreign country to India. Transfers within…