Assam Gramin Vikash Bank Fixed Deposits Rates

FAQs on Assam Gramin Vikash Bank FD Rates

• Which documents do I need to submit to apply for an FD at Assam Vikash Gramin Bank?

  To apply for a fixed deposit at the Assam Gramin Vikash Bank FD, you need to submit documents like PAN card, Form 15G or 15H, address proof (any one of the following documents, such as electricity bill, Passport, Voter ID, Aadhar Card, etc.), identity proof (any of one of the following documents, such as Aadhar Card, PAN Card, Driver’s license), and passport sized photograph. 

• What do you mean by a non-callable FD?

  A non-callable type of fixed deposit cannot be redeemed by the bank before its maturity date, providing investors with a guaranteed return on their investment until the end of the deposit term. Non-callable FDs offer stability and security, as the terms and interest rates are fixed for the entire duration of the deposit, regardless of any changes in market conditions or bank policies. Investors often choose non-callable FDs for long-term savings goals or to secure a fixed income stream without the risk of early redemption by the bank. 

• Does the Assam Gramin Vikash Bank allow the premature withdrawal of fixed deposit?

  Yes, the Assam Gramin Vikash Bank allows premature withdrawal of the fixed deposit. Under this facility depositors can either cancel the account and withdraw the fund or make partial withdrawals. 

• Is it possible to withdraw funds from an Assam Gramin Vikash Bank tax-saving FD at any time?

  No, tax-saving FDs are allowed for partial withdrawals by the Assam Gramin Vikash Bank. Investors can neither cancel the tax-saving FD nor can they withdraw the fund partially. 

• Can I apply for Assam Gramin Vikash Bank FD online?

  Yes, you can apply for Assam Gramin Vikash Bank FD online by either logging into internet banking or through Bandhan mobile banking application. 

• How much amount is permissible to avail loan against FD of Assam Gramin Vikash Bank?

  The maximum amount that can be availed by the investor as loan against the Assam Gramin Vikash Bank FD is 90% of the total fund accumulated under the FD scheme. 

• Do senior citizens get additional benefits in FD interest rate?

  Yes, senior citizens get additional benefits in a fixed deposit scheme of 0.50%. 

• Will I be charged a TDS on the Assam Gramin Vikash Bank FD interest income?

  Yes, TDS (Tax Deducted on Source) will be applied on Assam Gramin Vikash Bank FD interest income, in case the income exceeds Rs.40,000 and Rs.50,000 per financial year, for general customer and senior citizens, respectively. 

• How much is the minimum and maximum tenure on Assam Gramin Vikash Bank FD?

  The minimum and maximum tenure for Assam Gramin Vikash Bank FD is seven days and ten years, respectively. 

• Is the nomination facility available under Assam Gramin Vikash Bank fixed deposit scheme?

  Yes, customers can avail themselves of the nomination facility under Assam Gramin Vikash Bank fixed deposit scheme. 

• What are the ways in which I can invest in Assam Gramin Vikash Bank FD?

  You can invest in Assam Gramin Vikash Bank FD in both offline and online mode. Through online mode you can invest either through internet banking or mobile banking application. To invest offline you need to visit the nearest bank branch. 

• Can the Assam Gramin Vikash Bank interest rates change after I make the deposit?

  Yes, Assam Gramin Vikash Bank interest rate may change anytime, but once you have booked your FD it does not change and remains fixed until maturity.