Gramin Bank FD Interest Rates 2025
Gramin Banks, also known as Regional Rural Banks (RRBs), operate in rural areas of India and focus on providing banking services to the rural population. These banks were established with the objective of providing financial or banking services to rural areas to develop their economy.
Gramin banks offer Fixed Deposits (FDs) at higher interest rates than those offered by most commercial banks. These FDs provide a secure investment option for the rural population and offer guaranteed returns in the form of interest. The tenure of these FDs ranges from 7 days to 10 years and the interest rates vary from 2.75% p.a. to 7.25% p.a.
Investors have the option to prematurely withdraw their deposits or take out a loan using their FD investments as collateral. Gramin banks also offer a wide range of other banking products and services, including savings accounts, loans, etc.
Features & Benefits
- Safe Investment - Gramin FDs are considered to be a safe investment option as they are backed by the government and offer a fixed rate of return.
- Minimum Investment - You can open a Gramin FD with a minimum investment of Rs.100. There is no limit on the maximum amount of investment.
- Higher Interest Rates - Gramin banks often offer higher interest rates on FDs compared to other types of banks, making them a lucrative investment option.
- Flexible Tenure - Gramin FDs are available for a wide range of tenure options, from a few months to several years, so you can choose a term that suits your financial goals.
- Premature Withdrawal - Some Gramin banks allow early withdrawal of FDs, although this may be subject to certain conditions and may attract a penalty.
- Loan Facility - Some Gramin banks offer a loan facility against FDs, allowing you to borrow against your deposit while still earning interest on it.
- Nomination Facility - Gramin FDs also offer a nomination facility, which allows you to nominate a person to receive the deposit in the event of your demise.
- Ease Of Opening - FDs can be easily opened at a Gramin bank branch or online, making them a convenient investment option.
Gramin Bank Fixed Deposit Interest Rates
Listed below are the details for top 20 Gramin Banks Fixed Deposits:
Gramin Bank Name | Interest Rates (p.a.) (Varied Tenors) |
Bangiya Gramin Vikash Bank | 3.00% p.a. to 6.75% p.a. |
Tripura Gramin Bank | 3.35% p.a. to 5.60% p.a. |
Baroda Gujarat Gramin Bank | 3.00% p.a. to 7.05% p.a. |
Saurashtra Gramin Bank | 3.00% p.a. to 7.25% p.a. |
Assam Gramin Vikash Bank | 3.00% p.a. to 6.50% p.a. |
Rajasthan Marudhara Gramin Bank | 3.00% p.a. to 7.00% p.a. |
Uttarakhand Gramin Bank | 3.00% p.a. to 6.75% p.a. |
Madhyanchal Gramin Bank | Contact the bank |
Kerala Gramin Bank | 3.25% p.a. to 7.00% p.a. |
Jharkhand Rajya Gramin Bank | 3.00% p.a. to 7.00% p.a. |
Sarva Haryana Gramin Bank | 3.50% p.a. to 7.00% p.a. |
Maharashtra Gramin Bank | 3.75% p.a. to 6.85% p.a. |
Karnataka Gramin Bank | 3.25% p.a. to 7.35% p.a. |
Madhya Pradesh Gramin Bank | 2.85% p.a. to 7.25% p.a. |
Uttar Bihar Gramin Bank | 3.00% p.a. to 6.50% p.a. |
Paschim Banga Gramin Bank | 3.00% p.a. to 6.50% p.a. |
Punjab Gramin Bank | 3.50% p.a. to 7.00% p.a. |
Dakshin Bihar Gramin Bank | 3.00% p.a. to 6.10% p.a. |
Uttarbanga Kshetriya Gramin Bank | 2.75% p.a. to 5.60% p.a. |
Vidarbha Konkan Gramin Bank | 4.00% p.a. to 7.00% p.a. |
Eligibility
Gramin FDs can be invested in by any Indian citizen, members of Hindu Undivided Families (HUF), firms, local bodies, companies, and government departments.
Documents required for Gramin Bank Fixed Deposit
You need to provide identity proof and address proof to open an Gramin FD. You can submit the documents mentioned below:
- Aadhar Card
- PAN Card
- Driving License
- Passport
- Voter ID Card
- Senior Citizen Card
FAQs on Gramin Bank Fixed Deposit Interest Rates
- What are the minimum and maximum deposit amounts for a Gramin bank FD?
The minimum deposit amount is Rs.100, and there is no maximum amount limit to open a Gramin FD. This may vary from one Gramin Bank to another. Check with the respective bank for the current minimum and maximum deposit amounts.
- What is the interest rate on a Gramin Bank FD?
The interest rate on a Gramin bank FD varies depending on the tenure and the amount of the deposit.
- Can I open a joint FD account with a Gramin bank?
You can open a joint FD account with a Gramin bank with more than one person.
- Can I open an FD online with a Gramin bank?
Some Gramin banks offer the facility to open an FD online, while others may require you to visit a branch to open an FD.
- Can I withdraw my Gramin bank FD before the maturity date?
Some Gramin banks may allow premature withdrawal of FDs, although this may be subject to certain conditions and may attract a penalty. Contact the bank for the available options and any applicable charges.
- Can I get a loan against my Gramin bank FD?
Some Gramin banks offer a loan facility against FDs, allowing you to borrow against your deposit while still earning interest on it.
- How to open a Fixed Deposit Account in a Gramin Bank?
You can open an FD account in a Gramin bank by visiting the bank’s branch or through their online portal.
- How to pay the deposit amount to open the Fixed Deposit Account in a Gramin Bank?
To open a fixed deposit account, you can either submit a cheque for the desired amount or transfer the funds through internet banking.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.