Chitty

• Chitty is one-of-a-kind traditional savings-come-loan scheme for everyone.
• Chitty is far better than most of now-a-days micro or macro banking schemes.
• We offer chitties of all possible denominations to help subscribers to meet their custom demands.
• The minimum prize amount for a chitty number is 70% of sala and maximum is 95% of sala.
• Know more about KSFE Chitty Scheme.

Sugama

• Sugama is our saving-bank like account where one can invest and withdraw money any time they want.
• 5.5% interest is paid semi-annually according to the lowest monthly balances.
• Sugama acts as a safe and sound transaction scheme for automated chitty installments payments, deposit interest withdrawals and day-to-day dealings.
• Sugama accounts can also be used as security for Chitty future liability.

Fixed Deposits

• For investments from 1 to 3 years.
• Investments are 100% safe with Govt. guarantee.
• KSFE generally offer better interest rates compared to most other banks and Govt undertakings.
• Senior Citizens, Retired Employees and Chitty Prize Money payments can get better rates.

Chitty Security Deposit in Trust (CSDT)

• Applicable to chitty prize money payments only where the future liability equals or exceeds prize money.
• Highest interest rates that is better than normal FD rates.
• Investments are done for a period equaling the remaining of chitty duration.

Short Term Deposits (STD)

• Deposits for more than 30 days and below 365 days.
• Interest rate is calculated depending on the number of days investment is done.

Chitty Loans (NCL & PBL)

• Available for subscribers whose chitty numbers are not prized yet.
• New Chitty Loan (NCL) is for subscribers of new chitties and the maximum permissible amount is 50% of sala.
• NCL advances require security covering at least the loan amount.
• Pass Book Loan (PBL) is for subscribers who have remitted many installments.
• Maximum permissible amount for PBL is paid up installment value less forman commission (5% of sala) less interest for the remaining duration of chitty.
• PBL require no other security than the chitty passbook itself.
• Both type of loanies need to only remit the loan interest monthly as the loan principle can be adjusted from Chitty Prize money amount.

Gold Loan

• It is the same traditional loan scheme against gold ornaments as security.
• The loan is very fast and available for everyone with proper identity proof.
• We offer the safest custody for gold ornaments.
• We have simple repayment plans including interest only and partial payments.

Reliable Customer Loan (RCL)

• Yes, the name says it all! Personal loan for our reliable customers.
• Need surety of some kind covering at least the loan amount.
• Repayment is annually diminishing with fixed monthly installments.

Consumer Vehicle Loan (CVL)

• Personal loan for buying household items or vehicles.
• Loan is available up to 90% of the dealer invoice amount.
• Need surety of some kind covering at least the loan amount.
• Repayment is monthly diminishing; interest is calculated as per existing principle balance.