A fixed deposit is one of the most popular investment options to help you earn assured returns at high interest rates. Himachal Pradesh Gramin Bank (HPGB) offers various fixed deposit schemes to its customers.
You can choose any of the tenures provided by the bank according to your preference.
The following fixed deposit schemes are offered by Himachal Pradesh Gramin Bank:
Given below are the features of the Anupam Account Deposit Scheme:
Individuals who wish to get high interests on short-term deposits or avail of interest every six months on medium and long-term deposits should opt for an Ordinary Fixed Deposit Scheme.
Eligibility:
The following entities are eligible to open an Ordinary Fixed Deposit Scheme:
The features of the Ordinary Fixed Deposit Scheme are mentioned below:
A Special Fixed Deposit Scheme provides regular returns to help you cover your recurring expenses.
Eligibility:
The following entities are eligible to open a Special Fixed Deposit Scheme:
The features of the Special Fixed Deposit Scheme are mentioned below:
A Multi-Benefit Deposit is best suited for those who wish to invest their money for a long duration to cover large expenses like house construction, marriage, higher education, etc.
Eligibility:
A Multi-Benefit Deposit Scheme can be opened by the following entities:
The features of the Multi-Benefit Fixed Deposit Scheme are as follows:
The interest rates offered on fixed deposit schemes range from 3.50% p.a. to 7.25% p.a. for deposits up to Rs.10 crore. To know the interest rates for deposits more than Rs.10 crore, you can contact the bank. An additional interest rate of 0.5% will be offered to senior citizens for deposits up to Rs.2 crore. Similarly, an additional interest rate of 1.5% will be offered to retired staff members for deposits up to Rs.2 crore except for HPGB Tax Saver FD.
Tenors | New Rates | New Senior Citizens Rates | New Ex-Servicemen Rates |
7 to 45 days | 3.50 | 4.00 | NA |
46 to 90 days | 4.50 | 5.00 | NA |
91 to 179 days | 4.50 | 5.00 | NA |
180 to 270 days | 5.50 | 6.00 | NA |
271 days to less than one year | 5.80 | 6.30 | NA |
One year | 6.70 | 7.20 | 6.95 |
440 Days | 7.10 | 7.60 | 7.35 |
More than one year to two years | 6.70 | 7.20 | NA |
666 Days | Withdrawn | Withdrawn | NA |
More than two years to three years | 6.75 | 7.25 | 7.00 |
More than three years up to five years | 6.50 | 7.00 | NA |
More than five years up to ten years | 6.50 | 7.10 | NA |
*Interest Rates are effective from 10 September 2024.
The interest rate for HPGB Tax Saver Fixed Deposit Scheme is as follows:
Tenure | General Public Interest Rate p.a. | Senior Citizen Interest Rate p.a. | Rates of Ex-Servicemen |
Five years and above | 6.50% | 7.10% | NA |
Himachal Pradesh Gramin Bank offers four fixed deposit schemes - Anupam Account Deposit Scheme, Ordinary Fixed Deposit Scheme, Special Fixed Deposit Scheme, and Multi-Benefit Deposit Scheme.
The interest rates for fixed deposit schemes range from 3.50% p.a. to 7.10% p.a
Yes. Senior citizens are offered an additional interest rate of 0.5% for deposits up to Rs.2 crore.
Yes. Himachal Pradesh Gramin Bank offers an additional interest rate of 1.5% to its staff members for deposits up to Rs.2 crore. However, this additional interest rate will not be applicable to HPGB Tax Saver Fixed Deposit Scheme.
Yes. Minors aged 10 years and above can open a fixed deposit account with their own names. Minors who are below 10 years of age can also open a fixed deposit account through their guardian.
Yes, you can take a loan against your fixed deposit.
Yes, Himachal Pradesh Gramin Bank offers an Automatic Renewal facility.
The minimum deposit amount for an Ordinary Fixed Deposit Scheme is Rs.1,000.
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