Andhra Pragathi Grameena Bank Fixed Deposit Rates 2025
Andhra Pragathi Grameena Bank offers fixed deposits with attractive interest rates ranging from 4.00% p.a. to 7.55% p.a. Senior citizens get an additional 0.60% interest rate ranging from 6.70% to 8.05% p.a.
You can book an FD for a tenure ranging from one week up to 10 years. The bank was established in the year 2006 as a regional rural bank in India. The bank provides financial services in the coastal Andhra and Rayalaseema regions.
The bank's headquarters are in Kadapa, and it currently operates in five districts in Andhra Pradesh.
The bank serves the rural poor in one of Andhra Pradesh's most impoverished areas. The bank provides various financial services like fixed deposit accounts, saving bank accounts, recurring deposit accounts, etc. to its customers.
Key Features of Andhra Pragathi Grameena Bank FD
The key features of Andhra Pragathi Grameena Bank FD are mentioned below:
Tenure | Minimum: 7 days Maximum: 10 years |
Minimum amount | Minimum: Rs.500 Maximum: RS.1 crore |
Interest rates | Minimum: 4.00% Maximum: 7.55% |
Loan facility | Available |
Nomination | Available |
Premature closing | Available |
Andhra Pragathi Grameena Bank FD Benefits
Some of the benefits of Adhra Pragathi Grameena Bank FD are mentioned below:
- Customers get an interest rate between 4.00% p.a. and 7.55% with Andhra Pragathi Grameena Bank FD.
- Senior citizens get an additional interest rate of 0.50% p.a.
- The bank allows its customers to take loan against the Andhra Pragathi Grameena Bank FD.
- Customers can prematurely close their FD accounts with the bank.
- Customers can also nominate their next of kin under the FD scheme of the bank.
Eligibility Criteria for Andhra Pragathi Grameena Bank FD
The eligibility criteria of opening an Andhra Pragathi Grameena Bank FD are mentioned below:
- Individuals above the age of 18
- Minors (along with their parents/guardians)
- Associations, clubs, partnership firms, trusts, etc.
Andhra Pragathi Grameena Bank FD Interest Rates for Deposits below Rs.1 Crore
The Andhra Grameena Bank FD interest rates for deposits below Rs.1 crore are given below:
Tenure | Interest Rates (p.a.) |
7 days to 14 days | 4.00% |
15 days to 29 days | 4.00% |
30 days to 45 days | 4.00% |
46 days to 60 days | 5.25% |
61 days to 90 days | 5.25% |
91 days to 119 days | 5.50% |
120 to 179 days | 5.50% |
Exact 180 days | 6.20% |
181 days to 270 days | 6.20% |
271 days to 364 days | 6.30% |
1 year exact | 7.10% |
Above 1 year and less than 2 years | 7.15% |
2 years and less than 3 years | 7.15% |
3 years and up to 5 years | 7.00% |
Above 5 years and up to 10 years | 6.75% |
Kuber – 444 Days - Women | 7.55% |
Kuber – 444 days - Others | 7.50% |
Thriveni-- 333 Days – Women | 7.50% |
Thriveni --333 Day- Others | 7.45% |
*Note: These interest rates are effective from 1 January 2024 and can be changed as per the Bank's rules and regulations.
FAQs on Andhra Pragathi Grameena Bank FD Rates
- What is the minimum interest rate offered for Andhra Pragathi Grameena Bank FD?
The minimum interest rate offered for Andhra Pragathi Grameena Bank FD is 3.10%
- Can I take a loan against my Andhra Pragathi Grameena Bank FD?
Yes, the bank offers a loan facility against your Andhra Pragathi Grameena Bank FD.
- Can a minor open an Andhra Pragathi Grameena Bank FD account?
Guardians on behalf of a minor can open a Pragathi Grameena Bank FD account.
- Are there any special benefits for senior citizens under the Andhra Pragathi Grameena Bank FD scheme?
Yes, senior citizens opening an account under the Andhra Pragathi Grameena Bank FD scheme will get an additional 0.60% interest rate.
- Can I assign a nominee for my account under the Andhra Pragathi Grameena Bank FD scheme?
Yes, you can assign a nominee for your account under the Andhra Pragathi Grameena Bank FD scheme.
- Can I prematurely close my account under the Andhra Pragathi Grameena Bank FD scheme?
Yes, you can prematurely close your account under the Andhra Pragathi Grameena Bank FD scheme.
- What is the minimum and maximum tenure of an account opened under the Andhra Pragathi Grameena Bank FD scheme?
The minimum tenure of opening an account under the Andhra Pragathi Grameena Bank FD scheme is 7 days, while the maximum tenure is 10 years.
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