Kerala Gramin Bank Fixed Deposit Interest Rates 2024: Competitive Returns for Investors

Kerala Gramin Bank Fixed Deposit Interest Rates 2024: Competitive Returns for Investors

Kerala Gramin Bank has announced its fixed deposit interest rates for the year 2024. The bank, which is a Regional Rural Bank (RRB) headquartered in Malappuram, Kerala, offers competitive rates for both normal citizens and senior citizens. The rates range from 3.3% to 7.45% for normal citizens and from 3.8% to 7.95% for senior citizens, depending on the tenure of the deposit.

Kerala Gramin Bank, jointly owned by the Central and State Governments and sponsored by Canara Bank, was formed in 2013 through the merger of North Malabar Gramin Bank and South Malabar Gramin Bank. As of March 6, 2024, the bank offers a wide range of tenure options for fixed deposits, ranging from 7 days to 9 years and 11 months 26 days.

Customers can start a fixed deposit with a minimum deposit of ₹500,000 and there is no maximum limit. The bank also provides flexible tenure and partial withdrawal facilities for fixed deposits.

For example, if a customer invests ₹100,000 for a tenure of 3 years with an interest rate of 6.75%, they would receive a maturity amount of ₹1,06,485. Similarly, for a tenure of 5 years with an interest rate of 6.5%, the maturity amount would be ₹1,06,697.

Customers can also compare Kerala Gramin Bank's fixed deposit rates with those of other top banks using the FD calculator. The calculator allows customers to change values and compare the returns from different banks.

Overall, Kerala Gramin Bank's fixed deposit rates offer competitive returns for customers looking to invest their money securely.

Kerala Gramin Bank has announced its fixed deposit interest rates for the year 2024. The bank, which is a Regional Rural Bank (RRB) headquartered in Malappuram, Kerala, offers competitive rates for both normal citizens and senior citizens. The rates range from 3.3% to 7.45% for normal citizens and from 3.8% to 7.95% for senior citizens, depending on the tenure of the deposit.

Kerala Gramin Bank, jointly owned by the Central and State Governments and sponsored by Canara Bank, was formed in 2013 through the merger of North Malabar Gramin Bank and South Malabar Gramin Bank. As of March 6, 2024, the bank offers a wide range of tenure options for fixed deposits, ranging from 7 days to 9 years and 11 months 26 days.

Customers can start a fixed deposit with a minimum deposit of ₹500,000 and there is no maximum limit. The bank also provides flexible tenure and partial withdrawal facilities for fixed deposits.

For example, if a customer invests ₹100,000 for a tenure of 3 years with an interest rate of 6.75%, they would receive a maturity amount of ₹1,06,485. Similarly, for a tenure of 5 years with an interest rate of 6.5%, the maturity amount would be ₹1,06,697.

Customers can also compare Kerala Gramin Bank's fixed deposit rates with those of other top banks using the FD calculator. The calculator allows customers to change values and compare the returns from different banks.

Overall, Kerala Gramin Bank's fixed deposit rates offer competitive returns for customers looking to invest their money securely.

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