Kerala State Financial Enterprises (KSFE) began its operations on 6th November 1969 and is headquartered in Thrissur. Fully owned by the Government of Kerala, KSFE offers a wide range of banking and financial products, including Fixed Deposits (FDs), loans and various social security schemes aimed at promoting financial well-being of the state. 

Investors can benefit from KSFE FD interest rate which goes up to 7.10%, making it a reliable option for secure and steady returns.

Senior citizens can earn a KSFE FD interest rate of 7.10% for a tenure of 1 year to less than 3 years. On the other side, non-senior citizens earn a 6.60% interest rate per annum for the same tenure. In addition, the financial institution offers a 7.10% interest rate per annum on Chitty Prize Money Deposit, a special FD scheme.  

Term-wise KSFE Interest Rate for FD

KSFE FD interest rate varies based on the term of deposit as follows:

• Short-term Deposit: These deposits have a tenure of 340 days to 364 days wherein the interest rates range between 3.25% and 5.50% per annum. For 61 days to 90 days, the interest rate is 4.25% per annum while for 91 days to 180 days, the interest rate is 4.75% per annum. 
• Medium-term Deposit: Medium-term deposit by KSFE offers a tenure between 1 year to less than 3 years wherein regular citizens earn 6.60% per annum. Senior citizens earn a 0.50% additional interest rate on this FD. 

Benefits of KSFE FD Interest Rate

Apart from the attractive KSFE FD interest rate, here are the other benefits that you can avail by booking this FD scheme:

• You can withdraw monthly returns on a deposit amount above ₹10,000.
• As a depositor, you can avail FD booking service from any of the 680 branches.
• You can earn secured and guaranteed returns for short to medium-term deposits.
• You can plan your financial goals based on the deposit amount and maturity tenure.

Eligibility Criteria to Avail KSFE FD Rate

The following are the eligibility criteria to avail KSFE FD interest rate:

• Investors with a horizon of 1-year to less than 3-year 
• Resident Indians
• Individuals above 60 years of age

Documents Required to Avail FD Interest Rate in KSFE

Financial institutions in India generally require KYC documents such as a PAN card, Aadhaar card, passport, driving license or voter ID at the time of FD booking. If you are planning to book a KSFE fixed deposit, make sure you have these necessary documents ready.

Alternatively, you can skip the hassle of submitting multiple documents by booking an FD through Stable Money. All you need is your Aadhaar and PAN number. Download the app to initiate the VKYC process! 

Premature Withdrawal of KSFE Fixed Deposit 

KSFE allows premature withdrawal of short-term deposits which have a tenure of 30 days to 364 days. If you need premature liquidation, you are suggested to contact your nearest KSFE branch for details like applicable penalties (if any) and the effective interest rate. 

Why Should You Book Fixed Deposit with Stable Money?

While KSFE offers fixed deposit interest rates of up to 7.10% for senior citizens, Stable Money-partnered banks provide significantly higher returns which goes up to 9.10% per annum. With Stable Money, you can easily book multiple fixed deposits and enjoy the convenience of 24x7 customer support. 

In addition, our platform allows you to compare the rates of the leading banks and NBFCs in India. You can also use the Stable Money calculator to estimate your maturity value and interest earnings, helping you plan for predictable income.

On successful booking, you will receive an FD certificate directly on your registered email ID from the respective bank. Plus, your FD is insured up to ₹5 lakh by DICGC, as per the RBI guidelines. 

So why wait? Download the app now and start your FD investment journey!