Assam Gramin Vikash Bank FD Interest Rates

Features

Following are some features offered by Assam Gramin Vikash Bank under FD schemes:

• A nomination facility is available.

• An auto-renewal facility is available.

• TDS is applicable as per the IT Rules.

• Quick and easy liquidity options are available. 

• Tax benefit on the deposition of an amount up to Rs.1,50,000 under the tax-saving term deposit scheme for investors.

• A partial withdrawal facility is available.

• Interest payout options are available such as monthly, quarterly, and many more. 

• A Fixed Deposit account can be opened either through the online portal of Assam Gramin Vikash Bank or by paying a visit to the nearest Assam Gramin Vikash Bank.

• The period of the fixed deposit in the Assam Gramin Vikash Bank ranges from a minimum of 7 days to a maximum of 10 years. 

• Non-Residential External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) facilities for deposit are available for the investors.

Assam Gramin Vikash Bank Fixed Deposit Rates 2025

Refer to the table below to know the Assam Gramin Vikash Bank Fixed Deposit Rates for 2025.

*Standard terms and conditions apply

Assam Gramin Vikash Bank Fixed Deposit Rates 2025 for Senior Citizens

Senior citizens enjoy higher interest rates for their fixed deposit accounts than regular customers. Assam Gramin Vikash Bank offers an additional 0.5% for deposits of 1 year and above made by the elderly. The following table shows the fixed deposit rates for senior citizens offered by Assam Gramin Vikash Bank: 

*Standard terms and conditions apply

Eligibility

The following list shows who all are eligible to open an account or invest in the Assam Gramin Vikash Bank Fixed Deposit: 

• Minor

• Company

• Body Of Individuals (BOI)

• Proprietary and Partnership Firms

• Non-Registered Indian (NRI)

• Limited Liability Partnership (LLP)

• Registered Society

• Association Of Individuals

• Individual 

• Trust

• Local Authority

• Hindu United Family (HUFs)

About Assam Gramin Vikash Bank Fixed Deposit Interest Rate Calculator

Assam Gramin Vikash Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

• The amount that is invested

• The Rate of Interest offered

• The tenure of the Fixed Deposit Account

• The compounding period, that is, yearly, half-yearly, quarterly, or monthly

• The FD Amount

Once entered the following details, an investor will come to know:

• The maturity value of the FD

• The total interest earned during the complete tenure

Assam Gramin Vikash Bank Fixed Deposit Interest Rates: Things to Know!

A few things one must know about Assam Gramin Vikash Bank are:

• Fixed deposit investors can get interest rates from 4% p.a. to 6% p.a. as the chosen FD tenure.

• Investing in Assam Gramin Vikash Bank is a beneficial option for senior citizens, as it is one among the few small finance banks that offer senior citizens higher interest rates.

• The Bank pays simple interest at maturity on the fixed deposit for a deposit period of below 6 months.

• For a fixed deposit term of 6 months or above, the Bank calculates interest quarterly.

• Any Cumulative Interest on the deposits is calculated quarterly. 

In Conclusion!

Assam Gramin Vikash Bank Fixed deposits offer reasonable interest rates on deposits to its customers. They can always check with the Bank before finalizing the opening of an FD account. It is paramount that the customers carry out thorough research before investing.