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  2. AUGB Oct 2017 Loans, FD, RD and Saving Interest Rates
  3. Allahabad UP Gramin Bank Latest Oct 2017 Latest Fixed Deposit @ 6.80%, Home Loan @ 10.75%, Car Loan @10.75% Two Wheeler Loan @12.50%, Education Loan @12.75%

Allahabad UP Gramin Bank Latest Oct 2017 Latest Fixed Deposit @ 6.80%, Home Loan @ 10.75%, Car Loan @10.75% Two Wheeler Loan @12.50%, Education Loan @12.75%
By Anupama Deshpande | October 17, 2017

If you are residing in Uttar Pradesh and looking for a good bank that fulfils all your banking as well as financial needs then Allahabad UP Gramin Bank can be one of the best banks. Sponsored by Allahabad Bank, it provides transparent, efficient and affordable banking and financial services at the door steps of its over 1.11 crores customers, even in the remotest and unbanked areas of Uttar Pradesh through its 650 branches spread across 11 districts of U.P.



Allahabad UP Gramin Bank offers all the banking products and services to its customers such as Deposits, Loans, NRI Services, Kisan Credit Cards, Debit Cards, Lockers, ATM facility, Online Banking, and many more. You will find below segment-wise details of Allahabad UP Gramin Bank.

Allahabad UP Gramin Bank Savings Bank Account Interest Rate

The rate of interest of Allahabad UP Gramin Bank Savings Bank Account is 4% p.a. calculated on daily basis. Some additional benefits will be given to savings account holders like Debit Card facility, bank account statement, passbook, cheque book, facility of standing instructions, online banking, RTGS/ NEFT, etc.

Allahabad UP Gramin Bank Term Deposit/ Fixed Deposit (FD) Interest Rate

Tenure: from 7 days to 10 years

Given below is the table for Term Deposit/ Fixed Deposit (FD) interest rate by the Allahabad UP Gramin Bank:


TenureInterest Rate p.a. (%)
7 days to 14 days4.5
15 days to 29 days4.75
30 days to 45 days5.25
46 days to 60 days5.75
61 days to 90 days6
91 days to 179 days6.25
180 days to 269 days6.5
270 days to 364 days6.5
1 year to less than 2 years6.8
2 years to less than 3 years6.75
3 years to less than 5 years6.75
5 years and upto 10 years6.75

Allahabad UP Gramin Bank Term Deposit/ Fixed Deposit (FD) Interest Rate for Senior Citizen

Tenure: from 7 days to 10 years

Given below is the table for Term Deposit/ Fixed Deposit (FD) interest rate by the Allahabad UP Gramin Bank for Senior Citizen


TenureInterest Rate p.a. (%)
7 days to 14 days5
15 days to 29 days5.25
30 days to 45 days5.75
46 days to 60 days6.25
61 days to 90 days6.5
91 days to 179 days6.75
180 days to 269 days7
270 days to 364 days7
1 year to less than 2 years7.3
2 years to less than 3 years7.25
3 years to less than 5 years7.25
5 years and upto 10 years7.25

Allahabad UP Gramin Bank Recurring Deposit (RD) Interest Rate

Recurring deposit is a product which is best suited for salaried and regular income groups with monthly saving of specified amount for a fixed period. Recurring deposits accounts with Allahabad UP Gramin Bank are available for the period from 1 Year to 10 years with attractive interest rates.

Given below is the table for Recurring Deposit (RD) interest rate by the Allahabad UP Gramin Bank


Recurring Deposit (RD)1 Year2 Years3 Years4 Years5 Years10 Years
Interest6.86.756.756.756.756.75

Allahabad UP Gramin Bank Recurring Deposit (RD) Interest Rate for Senior Citizen

Senior Citizens are offered more interest rate on RDs.

Given below is the table for Recurring Deposit (RD) interest rate by the Allahabad UP Gramin Bank for Senior Citizen


Recurring Deposit (RD)1 Year2 Years3 Years4 Years5 Years10 Years
Interest7.37.257.257.257.257.25

Other Deposit Schemes offered by Allahabad UP Gramin Bank

Allahabad UP Gramin Bank Double Deposit Plan

The account may be opened for a period of one year to 10 years in the multiple of Rs. 1000/-. On maturity of the period payment is made with compounding of interest. Loan facility up to 90% of the amount in balance may be availed. Nomination facility is also available in this account.

Allahabad UP Gramin Bank Current Account

Current account is useful for individual businessmen, Firms, Industrialists, Contractors, Institutions etc. In case of Firms this account may be opened with an initial deposit of Rs.5,000/- and in case of individual the account may be opened with Rs. 3,000/-.

Allahabad UP Gramin Bank Women Empowerment Scheme

  • It is a type of savings account.
  • Any woman may open this account in single operation with a minimum balance of Re 1/-.
  • Account holder may get the facility of nomination in this account.

Allahabad UP Gramin Bank Zero Balance Account (No Frill A/c)

It is a kind of savings account for common public account may be opened with zero balance as 'No Frill A/c'..

Allahabad UP Gramin Bank Loan Schemes

The bank offers following deposit products to suit different classes of customers:

Allahabad UP Gramin Bank Kisan Credit Card: This scheme is popularly known as Green Card scheme among the Farmers & provides hassle free loan to the Farmers on the cheapest rates of interest for their main activity i.e. Crop Production & also to meet out their personal & consumption needs to some extent.

Allahabad UP Gramin Bank General Credit Card: In order to provide loans for general credit needs to our individual customers in the rural & Semi urban areas in a hassle free manner based on the assessment of cash flow of the entire household without insistence on security.

Allahabad UP Gramin Bank Tractor & Power Tiller Loan: The bank is providing financial assistance to the farmers for adoption of farm mechanization with new technology in order to boost up agriculture production.

Allahabad UP Gramin Bank Merchant Credit Scheme: To meet the financial need of Business man/Retailer/Traders/Service Providers falling under largest group.

Allahabad UP Gramin Bank Swarojgar Credit Card: The purpose of this scheme is to provide timely & adequate capital or working capital or both to small artisans, Handloom weavers, Service sector, fisherman, Self employed person , Rickshaw pullers and small entrepreneurs, SHG etc.

Allahabad UP Gramin Bank Loan Against Deposit Scheme In order to meet the financial needs of an individual for domestic/business related purposes Loan against Fixed Deposit/ Recurring Deposit/NSC/Kisan Vikash Patra is being given under this scheme.

Allahabad UP Gramin Bank Overdraft facility for salaried persons: To provide overdraft facility for salaried persons for their personal needs. The O.D.limit will be the minimum of gross salary of 15 months or Rs 5 Lakhs.

Allahabad UP Gramin Bank Home Loan Scheme

To provide financial support for construction of the house or to purchase a ready built house, loan for extension and application for repairs and renovation may also be accepted.

FIXED INTEREST RATEFLOATING INTEREST RATESPECIAL FACILITY
  1. 11% For Repayment period upto 5 Years
  2. 11.75% For Repayment Period above 5 Years and upto 15 Years
  3. 12.25% For Repayment Period above 15 Years and upto 20 Years
  1. PLR 3% For Repayment period upto 5 Years
  2. PLR 2.25% For Repayment Period above 5 Years and upto 15 Years
  3. PLR 1.75% For Repayment Period above 15 Years and upto 20 Years
Interest rebate of 0.50 % will be allowed to women borrowers

Here full details of Home Loan are not mentioned. Please click here to see complete details of home loan by by Allahabad UP Gramin Bank.

Please click here to get the details of 10 Best Gramin Banks for providing lowest interest rates.

Allahabad UP Gramin Bank Education Loan

The main objective of providing education loan is to give financial assistance to deserving| meritorious students pursuing higher education in India and abroad.

INTEREST RATELOAN TENURELOAN AMOUNT
PLR-1% i.e. 12.75%In 5 to 7 years after the Holiday or Moratorium Period (Course Period + One year or 6 months after getting the job)
  • For studies in India, maximum Rs. 10 Lakhs
  • For studies abroad, maximum Rs. 20 Lakhs

Here full details of Education Loan are not mentioned. Please click here to see complete details of home loan by by Allahabad UP Gramin Bank.

Please click here to get the details of 10 Best Gramin Banks for providing lowest interest rates for education loan.

Allahabad UP Gramin Bank Car Loan

For purchase of new vehicle i.e. car/ jeep/Multi Utility Vehicle (MUV) for personal use only. Second hand vehicle of the above categories, which is not more than three years old, may also be purchased under this scheme. The details are as follows:

INTEREST RATELOAN TENURELOAN AMOUNT
PLR -3% i.e. 10.75%. (Further 0.50% rebate,if total loan is repaid within 3 years)5 to 7 yearsUpto a maximum of two times of Net Annual Income or Rs. 8 Lakhs, whichever is lower

You may be interest in calculating EMI on the loan amount. For it, just CLICK HERE

Allahabad UP Gramin Bank Two Wheeler Loan

To provide term loan for purchasing two wheeler. All creditworthy customers having sufficient income to repay the loan instalments. The details are as follows:

INTEREST RATELOAN TENURELOAN AMOUNT
PLR -1.25% i.e. 12.50%Maximum 5 yearsUp to 75 % of the invoice value

Allahabad UP Gramin Bank Merchant Credit Scheme

To extend credit support to meet the Merchant needs. Interest rate is PLR +1% i.e. 14.75%

Allahabad UP Gramin Bank Solar Home Lighting (General Scheme)

To extend credit support to meet the needs of Solar Home Lighting. Interest rate is PLR -2.5% i.e. 11.25%

Other banking services offered by Allahabad UP Gramin Bank

  1. All branches provide Core Banking facility (CBS)
  2. Lockers facility available.
  3. Demand Drafts and Cheques Purchase facility
  4. Collection of Outstation Cheques
  5. Collection of Outstation Bills
  6. Standing Instruction
  7. Issue of Bank Guarantees
  8. Issue of Solvency Certificate
  9. SMS Alert, TDS Certificate, Interest Certificate and Balance Certificate
  10. NEFT & RTGS facility

Allahabad UP Gramin Bank Contact Details

Website: https://www.allahabadgraminbank.in


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About Anupama Deshpande
Anupama is a Co-Founder of CodeForBanks.com. She is an MBA (Finance) and Chartered Financial Analyst (CFA). She also carries a Fellowship degree in Life Insurance Sector and is a Master of Computer Application (MCA). She is an expert in Finance Field with an experience of over 18 years on different managerial positions in finance industry including Stock Market, Depository and Mutual Fund Sectors. Apart from that she has remained for few years in the field of marketing as well. Her suggestions and advice for investments have been very useful to many people.
Her vast interest & expertise in the field of finance have encouraged her to write the articles so that others can also get benefitted out of them. She never loses any opportunity to learn and be creative. She is a valuable asset for CodeForBanks.com & important resource to all those around her.

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