About The Scheme

KSFE lets you make fixed deposits with higher interest rates. The fixed deposit scheme offered by KSFE has many features similar to Term Deposits in banks. But the return offered by KSFE is comparatively higher than that of banks. The interest rate of deposits from the public is 6.50% per annum, Chitty Prize Money deposit is 7.00% and for fresh deposits from senior citizens is 7.00%. The effective returns are higher since it is possible to withdraw interest monthly for deposits above Rs.10,000/-