Odisha Gramya Bank FD Rates

The Odisha Gramya Bank offers its customers a fixed deposit scheme. Under this scheme a customer can open a fixed deposit account for a maximum of 10 years. The bank also offers loan facility against the fixed deposit to its customer.

Odisha Gramya Bank Fixed Deposit Scheme Features

The various features of the Odisha Gramya Bank Fixed Deposit Scheme are mentioned below:

Account type Single or Joint
Deposits Minimum: Rs.100
Tenure

Minimum: 1 year

Maximum: 10 years

Premature withdrawal Available
Loan facility Available
Nomination facility Available

Odisha Gramya Bank Fixed Deposit Scheme Interest Rates for Deposits Upto Rs.50 Lakh

The interest rates for the Odisha Gramya Bank fixed deposit scheme for deposits upto Rs.50 lakh are given below:

Tenure Normal Interest Rate (p.a.) Senior Citizen Interest Rate (p.a.)
1 year 5.15 5.65
More than 1 year to less than 2 years 5.15 5.65
2 years to less than 3 years 5.25 5.75
3 years to less than 5 years 5.20 5.70
5 years to 10 years 5.20 5.70

Note: These interest rates are effective since 12 February 2021 and can be changed as per the Bank’s rules and regulations.

Odisha Gramya Bank Fixed Deposit Scheme Eligibility

The eligibility criteria for Odisha Gramya Bank fixed deposit scheme are given below:

  • Indian citizens above the age of 18
  • Minors along with their guardians
  • Joint stock companies
  • Hindu Undivided Family (HUF)
  • Firms
  • Sole proprietary concerns

How to Open a Fixed Deposit Account with Odisha Gramya Bank

You should visit the nearest branch of the Odisha Gramya Bank to open a fixed deposit account. A representative of the bank will guide you through the process.

FAQs on Odisha Gramya Bank FD Rates

  1. Does Odisha Gramya Bank Fixed Deposit Scheme offer any special interest rates to senior citizens?

    Yes, Odisha Gramya Bank Fixed Deposit Scheme offers 0.50% extra interest rates to senior citizens.

  2. What is the minimum tenure for the Odisha Gramya Bank Fixed Deposit Scheme?

    The minimum tenure for the Odisha Gramya Bank Fixed Deposit Scheme is 1 year.

  3. Does Odisha Gramya Bank Fixed Deposit Scheme offers nomination facility?

    Yes, Odisha Gramya Bank Fixed Deposit Scheme offers nomination facility.

  4. What is the minimum deposit amount for Odisha Gramya Bank Fixed Deposit Scheme?

    The minimum deposit amount for Odisha Gramya Bank Fixed Deposit Scheme is Rs.100.

  5. Does Odisha Gramya Bank Fixed Deposit Scheme allows premature withdrawal of the fixed deposit?

    Yes, Odisha Gramya Bank Fixed Deposit Scheme allows premature withdrawal of the fixed deposit.

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