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    Gramin Bank Fixed Deposit

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Fixed Deposit BYTES FROM OUR KITCHEN

    Gramin Banks in India offer a wide variety of products aimed at helping people save, build on their savings and manage their wealth. Fixed deposit is one of the term savings deposit account offered by the bank which provides the investors an opportunity to earn on their idle savings. The Gramin Bank fixed deposit account offers attractive rates of interest, benefits and flexible tenure period. There are many Gramin banks in the country which offer this term deposit account.

    Eligibility criteria for Gramin Bank Fixed Deposit

    Listed below is the Eligibility criteria that needs to be fulfilled in order to apply for Gramin Bank fixed deposit account.

    • Individuals residing in India can open a single or joint account
    • Hindu Undivided family individuals
    • Association, Club, Society, Trust or Religious/Charitable Educational Institutions are eligible too
    • Minors can open the account under the supervision of their guardians

    Features of Gramin Bank Fixed Deposit

    Listed below are the general features of Gramin Bank fixed deposit account. The features might vary slightly for different Gramin Bank fixed deposit accounts.

    Account Type Single and joint
    Amount

    Minimum: Rs.100 p.a.

    Maximum: There is no limit on the maximum amount

    Rate of Interest

    Minimum: 4.50%

    Maximum: 8.55%

    Period

    Minimum: 15 days

    Maximum: 120 months or 10 years

    Loan against Gramin Bank Fixed Deposit The scheme offers loan facility up to a certain limit depending on the bank offering the fixed deposit
    Periodicity of interest payment As stated in the fixed deposit clause
    Nomination (if any) Nomination is available under this scheme
    TDS on interest TDS is applicable on this scheme

    Gramin Bank FD Rates

    The Rate of interest for some Gramin Banks are mentioned below

    Kerala Gramin Bank Fixed Deposit Rates

    Listed below are the interest rates applicable on Kerala Gramin Bank Fixed Deposit Account

    Period Rate of interest offered for that period
    7 days to 14 days 4.00%
    15 days to 45 days 5.00%
    46 days to 90 days 6.50%
    91 days to 179 days 7.00%
    180 days to less than 1 year 7.50%
    1 Year & above to less than 2 Yrs 8.05%
    2 years to 10 years 7.75%

    Paschim Banga Gramin Bank Fixed Deposit Rates

    Listed below are the interest rates applicable on Paschim Banga Gramin Bank Fixed Deposit Account

    Period Rate of interest offered for that period
    7 days to 14 days 5.00%
    15 days to 29 days 5.00%
    30 days to 45 days 5.00%
    46 days to 90 days 6.50%
    91 days to 179 days 6.50%
    181 days to less than 1 year 7.50%
    1 Year 7.25%
    2 years to 10 years 7.50%

    Himachal Gramin Bank Fixed Deposit Rates

    Listed below are the interest rates applicable on Himachal Gramin Bank Fixed Deposit Account

    Period Rate of interest offered for that period
    7 days to 14 days 4.50%
    15 days to 29 days 4.50%
    30 days to 45 days 5.00%
    46 days to 90 days 6.50%
    91 days to 179 days 6.75%
    180 days to 270 days 7.50%
    271 days to less than 1 Year 7.50%

    The mentioned rates are applicable only as of 2/12/2015. The interest rates are subject to change from time to time without any prior notification and the customers are advised to contact the bank for updated rates.

    Gramin Bank Fixed Deposit- Frequently Asked Questions

    1. What are some of the banks that offer Gramin fixed deposit accounts?
    2. Kerala Gramin Bank, Paschim Gramin Bank are some of the many banks that offer gramin bank fixed deposit accounts.

    3. Does the fixed deposit account differ from each bank?
    4. The features and rates for the fixed deposit account can vary slightly from each bank.

    5. What is the minimum deposit amount required for the account?
    6. The minimum deposit amount is Rs.100 (Some gramin banks charge Rs.500)

    7. Are companies eligible for this term deposit account?
    8. Yes, companies are eligible to apply for this term deposit account.

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