The Andhra Pradesh Grameena Vikas Bank (APGVB) is a regional rural bank (RRB) in Andhra Pradesh. It is sponsored by the State Bank of India (SBI). The bank offers fixed deposit schemes for its customers at rates of interest starting at 3.50% p.a.
Senior Citizens are also eligible for an additional interest of 0.5% p.a. The FD schemes can be availed for a period of 7 days to 10 years.
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
7 days to 14 days | 3.50% | 4.00% |
15 days to 30 days | 3.50% | 4.00% |
31 to 60 days | 3.50% | 4.00% |
61 to 179 days | 4.75% | 5.25% |
180 to 270 days | 6.05% | 5.25% |
271 to 364 days | 6.05% | 6.55% |
1 year to less than 2 years | 7.15% | 7.65% |
444 Days | 7.10% | 7.60% |
2 years to less than 3 years | 7.05% | 7.55% |
777 Days | 7.50% | 8.00% |
3 years to less than 5 years | 7.00% | 7.50% |
5 years to less than 10 years | 6.75% | 7.25% |
Note: The rates of interest mentioned above are effective from March 2023.
Tenure | Interest Rates for General Citizens (p.a.) | Interest Rates for Senior Citizens (p.a.) |
7 to 14 days | 2.90% | 3.40% |
15 to 30 days | 3.00% | 3.50% |
31 to 60 days | 3.10% | 3.60% |
61 to 179 days | 3.65% | 4.15% |
180 to 270 days | 5.30% | 5.80% |
271 to 364 days | 6.00% | 6.50% |
1 year to less than 2 years | 7.35% | 785% |
444 Days | 7.10% | 7.60% |
2 years to less than 3 years | 7.35% | 785% |
777 Days | 7.50% | 8.00% |
3 years to less than 5 years | 7.35% | 7.85% |
5 years to less than 10 years | 7.35% | 7.85% |
Note: The rates of interest mentioned above are effective from March 2023.
Andhra Pradesh Grameena Vikas Bank FDs require a minimum investment of Rs.100. The maximum investment amount in Andhra Pradesh Grameena Vikas Bank FD is unlimited.
Andhra Pradesh Grameena Vikas Bank offers senior citizens fixed deposit interest rates that vary from 3.5% to 8.1% annually for a minimum and maximum investment period.
The duration of an Andhra Pradesh Grameena Vikas Bank FD is 7 days to 9 years, 11 months 28 days.
The number of FDs you can open with Andhra Pradesh Grameena Vikas Bank is unlimited.
The 5 years interest rate on the Andhra Pradesh Grameena Vikas Bank FD scheme is 7.00% p.a.
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