Gramin Bank Fixed Deposit Interest Rates (as on Jan 2022)

Gramin Banks (Regional Rural Banks (RRBs)) which are Indian scheduled banks operate in different States of the country at regional level. They provide basic banking and financial products and services primarily in the rural areas. The area of operation of RRBs is restricted to the area as notified by Government covering one or more districts in the State. Gramin Banks offer you Fixed Deposits for period ranging from 7 days to 10 years at attractive rate of interests. Gramin Banks also offer Recurring Deposit Account.

If you are planning to deposit amount in a fixed deposit scheme in a gramin bank operating in your area, you need to look at two major parameters: interest rate and tenure. Other factors are convenience and penalty on premature withdrawal.

Table appearing below will help you in viewing interest rates offered by different Gramin Banks for a period of 1 year. If you want to get FD interest rates of all the tenures offered by a particular bank, you need to click on "FD Interest Rates" button against that bank. You can also use FD Interest Calculator to get to know your FD's maturity value and interest earned.

Why is FD Better than any Other Investment?

Safety of Principal

There is no erosion in principal in case of FDs while many other kinds of investment do not guarantee intactness of principal deposited.

Assured Returns

Interest rate is fixed while opening the FD account. This interest remains fixed for entire tenure of FD and will not vary at all. It also does not depend upon market fluctuations.

Loan against FD

In case of need of money, you can get loan against your FD at lower interest rate being it a secured loan. It will be available instantly and also with least documentation.

Easy to Open

It is very convenient to open FD. You will get different choice as far as period of FD is concerned. The FD tenure ranges from 7 days to 10 years.

No Lock-in Period

There is no lock-in period under FD investment. If you come across any emergency and need the funds deposited in FD urgently, you are allowed to close it before its maturity but you need to pay some penalty which may be somewhere around 0.50% to 1%.

Auto Renewal Option

There is availability of auto renewal option. Auto renewal of FD option is provided by the banks in which your FD will automatically get renewed at the interest rate prevailing at the time of maturity for the same tenure for which it was originally booked. In this case, you are not required to keep track of FD's maturity date and there is no loss of interest as well, if you forget withdrawing the amount on its maturity.

Source of Fixed Regular Income

You can opt for interest payout option from your FD and can get a regular fixed income. You may choose monthly or quarterly option according to your needs.

Tax Free Interest upto a Certain Amount

The interest earned is tax free upto Rs 10,000 per financial year for the FD holders.

Gramin Banks Fixed Deposit Interest Rate Jan 2022

Bank TenureFD Interest Rate (p.a.)Find Interest RatesCalculate
Kashi Gomti Samyut Gramin Bank12 Months9.05%
Chaitanya Godavari Grameena Bank12 Months8.00%
Saurashtra Gramin Bank12 Months7.65%
Kerala Gramin Bank12 Months7.50%
Pandyan Grama Bank12 Months7.35%
Jammu And Kashmir Grameen Bank12 Months7.30%
Pragathi Krishna Gramin Bank12 Months7.30%
Telangana Grameena Bank12 Months7.25%
Rajasthan Marudhara Gramin Bank12 Months7.25%
Andhra Pragathi Grameena Bank12 Months7.25%
Puduvai Bharathiar Grama Bank12 Months7.25%
Pallavan Grama Bank12 Months7.15%
Saptagiri Grameena Bank12 Months7.10%
Andhra Pradesh Grameena Vikas Bank12 Months7.10%
Tripura Gramin Bank12 Months7.05%
Prathama Bank12 Months7.05%
Malwa Gramin Bank12 Months7.00%
Punjab Gramin Bank12 Months7.00%
Ellaquai Dehati Bank12 Months7.00%
Karnataka Vikas Grameena Bank12 Months7.00%
Sarva Haryana Gramin Bank12 Months7.00%
Sutlej Kshetriya Gramin Bank12 Months7.00%
Baroda Rajasthan Kshetriya Gramin Bank12 Months6.85%
Narmada Jhabua Gramin Bank12 Months6.85%
Baroda Up Gramin Bank12 Months6.80%
Allahabad Up Gramin Bank12 Months6.80%
Utkal Grameen Bank12 Months6.80%
Maharashtra Gramin Bank12 Months6.80%
Kaveri Grameena Bank12 Months6.80%
Central Madhya Pradesh Gramin Bank12 Months6.75%
Meghalaya Rural Bank12 Months6.75%
Mizoram Rural Bank12 Months6.75%
Dena Gujarat Gramin Bank12 Months6.75%
Odisha Gramya Bank12 Months6.75%
Chhattisgarh Rajya Gramin Bank12 Months6.70%

One of the popular instruments to invest your savings is Bank Fixed Deposit. Bank deposit is considered a safe avenue which provides much better returns than a savings account. Apart from that, it is very easy to open the FD account with any bank. In a Fixed Deposit Account, you need to deposit a lump sum amount for a fixed period at prevailing rate of interest. When the FD tenure ends, you will receive the amount you have invested along with the compound interest thereon. Fixed Deposits are also known as term deposits.

Nomination facility is also available in the bank fixed deposit account.

There is also a facility that you can take a loan against your Fixed Deposits when you need funds. Fixed Deposit is considered as a safe and risk-averse investment.