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%|
|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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