Kerala Gramin Bank offers fixed deposits with attractive interest rates that assure high returns with flexible investment tenures, affordable minimum deposit amounts that make it accessible to a wide section of income demographics, and several other favorable features.
Given below are the FD rates for regular and senior citizens effective 5 January 2021:
| Tenure | Regular Interest Rate(per annum) | Senior Citizen Interest Rate(per annum) |
|---|---|---|
| 7 days to 14 days | 3.50% | 4.00% |
| 46 days to 90 days | 3.80% | 4.30% |
| 91 days to 179 days | 5.10% | 5.60% |
| 180 days to 344 days | 5.05% | 5.55% |
| 345 days | 5.60% | 6.10% |
| 346 days to less than 1 year | 5.05% | 5.55% |
| Only 1 year | 5.45% | 5.95% |
| Above 1 year to above 10 years | 5.40% | 5.90% |
*The below mentioned rates are for deposits that are of less than Rs.1 crore.
KGB Senior Suraksha is applicable for deposits which are between Rs.5 lakh and Rs.15 lakh with a minimum tenure of 5 years. The interest given to senior citizens under this scheme is 0.80% above the normal rate, which means senior citizens get an additional 0.30% interest on single deposits exceeding Rs.5 lakh in a single day. The rate of interest, as of 5 January 2021, for this scheme is 6.20% p.a.
The interest rates for this scheme effective 5 January 2021 are as given below:
| Tenure Only 345 days | |
|---|---|
| For general public (interest p.a.) | 5.60% |
| For senior citizens (interest per annum) | 6.10% |
The interest rate under this scheme effective 5 January 2021 are as given below:
| Tenure Only 5 years | |
|---|---|
| For general public (interest p.a.) | 5.40% |
| For senior citizens (interest per annum) | 5.90% |
The interest rates for NRE term deposits are as given below, effective 5 January 2021:
| Tenure | Interest Rate Per Annum |
|---|---|
| Only 1 year | 5.45% |
| Above 1 year to less than 5 years | 5.40% |
| Above 5 years to 10 years | 5.40% |
Yes, loan against fixed deposit is available for Kerala Gramin Bank fixed deposits with interest rate that is 2% above the deposit rate.
There is no maximum limit for Kerala Gramin Bank fixed deposits.
Yes, nomination facility is available for Kerala Gramin Bank fixed deposits.
Yes, auto-renewal facility is available for Kerala Gramin Bank fixed deposits.
To open a Kerala Gramin Bank fixed deposit, you would have to visit your nearest KGB branch.
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