A fixed deposit is a financial instrument that allows you to invest a large sum of money at a fixed rate of interest for a certain period of time. Arunachal Pradesh Rural Bank (APRB) offers fixed deposits with flexible repayment tenures ranging from 15 days to 10 years. The interest rates offered on fixed deposits range between 2.95% p.a. and 6.45% p.a.
Senior citizens are offered an additional interest rate of 0.20%. Similarly, an additional interest rate of 1.00% is offered to the staff of Arunachal Pradesh Rural Bank.
Features and Benefits of Arunachal Pradesh Rural Bank Fixed Deposits
The fixed deposits offered by Arunachal Pradesh Rural Bank come with the following features and benefits:
- Individuals, joint investors, companies, associations, minors, etc., can open a fixed deposit.
- The minimum deposit amount is Rs.1,000.
- Additional interest rates for senior citizens and Arunachal Pradesh Rural Bank staff.
- Flexible repayment options ranging from 15 days to 10 years.
- A nomination facility is available.
- Premature withdrawal of fixed deposits is allowed.
- Demand loans for up to 75% of the deposit amount can be availed.
- The facility of overdue deposit renewal is available.
- An additional interest rate of 0.20% is offered on deposits of Rs.1 crore and above.
Arunachal Pradesh Rural Bank FD Interest Rates
|Tenure||Interest Rates p.a.|
|Individual, Society, & Institution||Senior Citizen||APRB Staff|
|15 days – 45 days||2.95%||3.45%||3.95%|
|46 days – 90 days||3.95%||4.45%||4.95%|
|91 days – 179 days||3.95%||4.45%||4.95%|
|180 days – 240 days||4.45%||4.95%||5.45%|
|241 days – 364 days||4.45%||4.95%||5.45%|
|1 year – less than 2 years||5.05%||5.55%||6.05%|
|2 years – less than 3 years||5.15%||5.65%||6.15%|
|3 years – less than 5 years||5.35%||5.85%||6.35%|
|5 years – less than 8 years||5.45%||5.95%||6.45%|
|8 years – less than 10 years||5.45%||5.95%||6.45%|
Types of Fixed Deposits Offered by Arunachal Pradesh Rural Bank
Arunachal Pradesh Rural Bank offers two types of fixed deposits:
- Term Deposit (TDR) or Fixed Deposit (FD)
- Special Term Deposits (STDR) or Special Fixed Deposit (SFD)
FAQs on Arunachal Pradesh Rural Bank FD Rates
What is the interest rate offered on Arunachal Pradesh Rural Bank fixed deposits?
The interest rates on fixed deposits offered by Arunachal Pradesh Rural Bank range between 2.95% p.a. and 6.45% p.a.
What is the minimum deposit amount?
The minimum deposit amount is Rs.1,000.
Do senior citizens get additional interest on fixed deposits?
Yes. Senior citizens are offered an additional interest of 0.20%.
Is a nomination facility available?
Yes. The facility of nomination is available.
Can I withdraw my fixed deposit before maturity?
Yes. You can withdraw your fixed deposit before maturity.
Can I avail of loans against my fixed deposit?
Yes. You can avail of demand loans for up to 75% of the deposit amount.
Can a minor open a fixed deposit with Arunachal Pradesh Rural Bank?
Yes. Minors are eligible to open a fixed deposit with Arunachal Pradesh Rural Bank.