Sarva Haryana Gramin Bank has unveiled its fixed deposit interest rates for 2024, presenting varied rates depending on tenure and whether the depositor is a regular or senior citizen.

For short tenures ranging from 7 days to 1 month 14 days, the interest rate is set at 3.5% for general citizens and 4% for seniors. For the duration of 1 month 15 days to 3 months 7 days, these rates increase to 4.5% and 5%, respectively. For periods between 3 months 8 days to 3 months 8 days, normal citizens receive a 5.1% interest, while senior citizens benefit from 5.6%.

Additional tenure rates include:

• 3 months 9 days to 5 months 26 days: 4.5% for standard investors, 5% for seniors.
• 5 months 27 days to 6 months 15 days: 5.75% for normal citizens, escalating to 6.25% for seniors.
• 6 months 16 days: Rates rise to 7.1% for general citizens and 7.6% for senior investors.
• 6 months 17 days to 11 months 27 days: 5.75% for the general public, reaching 6.25% for senior citizens.
• 1 year to 3 years: Fixed at 6.75% for standard investors and 7.25% for senior citizens.
• 3 years 1 day to 4 years 11 months 26 days: Interest at 6.5% for general public, with a 7% rate for seniors.
• 4 years 11 months 27 days: Set at 6.75% for regulars and 7.25% for seniors.
• 5 years to 9 years 11 months 26 days: A steady rate of 6.5% for general citizens, slightly higher at 7% for seniors.

These rates are effective starting March 6, 2024. Sarva Haryana Gramin Bank, the largest bank in Haryana and a Punjab National Bank affiliate, possesses the most extensive branch network in all 22 state districts among PNB-sponsored RRBs.

Opening a fixed deposit account at Sarva Haryana Gramin Bank requires a minimum deposit of ₹100, extending up to ₹2 crores. With flexible tenure options and facilities for partial withdrawal, this bank offers convenience. However, details on lock-in periods or loan facilities against FDs remain unspecified.

Customers can easily monitor their fixed deposit accounts. Competitive returns are assured with a 6.75% rate on a 3-year investment, consistent over a 5-year duration as well.

Sarva Haryana Gramin Bank assists customers with a table showing maturity amounts across varied investments; a ₹50,000 deposit over three years (at 6.75% interest) results in a maturity sum of ₹61,188. A ₹1 lakh investment for the same time frame translates to a maturity amount of ₹1,22,377.

An FD calculator is available for comparing the bank's FD returns against other top banks like Utkal Grameen Bank and Punjab & Sind Bank.

Sarva Haryana Gramin Bank's fixed deposit rates provide an attractive opportunity for individuals aiming to enhance their savings.