Assam Gramin Bank Short Term FD Rates

What is Assam Gramin Bank Short Term FD?

Assam Gramin Bank Short Term FD is a short term deposit product that is offered to customers who would like to invest in a short-term deposit and receive assured and fixed returns. These deposits are in accordance with the Assam Gramin Bank FD interest rate, which offers an assured income at minimal risk. The minimum deposit will be ₹100, and the short-term FD will have a tenure between 7 days to below 1 year. The bank also provides customers with nomination facilities and allows them to manage their deposits using the bank's branches.

Assam Gramin Bank Short Term FD Interest Rates

Below are the interest rates applicable to retail domestic term deposits of less than ₹1 crore:

*Assam Gramin Bank Short Term FD interest rates w.e.f 7 July 2025

Features of Assam Gramin Bank Short Term FD

Assam Gramin Bank Short Term FD is a secure and adaptable investment method for the depositors. Key features include:

• Flexible Tenure: Select FD tenures between 7 days and less than 1 year based on the liquidity requirements in the short term.
• Low Minimum Deposit: It has a minimum deposit of ₹100, which is a short-term FD, thereby making it affordable to small depositors.
• Liquidity Via Withdrawal: It allows withdrawal in advance, but specific bank regulations apply to the reduction of the FD interest rate.
• Loan Against FD: Depositors can get loans, or what is called an overdraft facility, against their FD, but with a margin applied, and the policies of the branch.
• Nomination Facility: Nominee registration can be done to provide easy settlement in the event of any unexpected situation.

How to Open an Assam Gramin Bank Short Term FD?

Opening an Assam Gramin Bank Short Term FD is simple and can be done through offline channels. The process is as follows:

Online Process to Open Assam Gramin Bank Short-Term FD

Customers with net banking access can open a short-term fixed deposit online without visiting a branch by following these simple steps:

• Log In: Access Assam Gramin Bank net banking using your credentials.
• Select FD Option: Go to the fixed deposit section on the dashboard.
• Enter FD Details: Choose tenure, deposit amount, and interest payout option.
• Add Nominee: Enter or confirm nominee details, if applicable.
• Submit Request: Review and submit. The balance is debited in the associated account.
• Get Confirmation: Get the FD confirmation or e-receipt via the internet.

Offline Process to Open Assam Gramin Bank Short Term FD

A short-term FD can be opened offline through a quick branch visit:

• Visit the Branch: Go to the nearest Assam Gramin Bank branch with valid KYC documents.
• Collect FD Application Form: Request the short-term fixed deposit form from the bank counter.
• Discuss FD Options: Check available tenures and applicable interest rates.
• Complete the Form: Fill in the deposit amount, tenure, payout option, and nominee details.
• Submit Funds: Deposit the amount through cash, cheque, or account transfer.
• Collect FD Receipt: Receive the fixed deposit receipt for future reference.

Eligibility Criteria for Assam Gramin Bank Short Term FD

Assam Gramin Bank Short Term FD is accessible to a wide range of depositors, subject to basic conditions:

• Eligible Depositors: Residents and other groups of customers who can open a short-term FD in Assam Gramin Bank.
• Minimum Deposit Requirement: The deposit can be opened with a minimum amount of ₹100. There is no specified upper limit for retail deposits.
• KYC Compliance: Applicants must complete KYC verification in line with RBI guidelines and Assam Gramin Bank norms before opening the FD.

Taxation on Assam Gramin Bank Short Term FD

The Assam Gramin Bank Short-Term Fixed Deposits earn interest, which is subject to taxation under the Income Tax Act. In case the amount of interest earned during a financial year is greater than ₹ 50,000 as a general citizen or ₹ 1,00,000 as a senior citizen, TDS is deductible by the bank. Non-senior citizens who are eligible depositors may, however, file Form 15G to avoid deduction of TDS, and senior citizens may file Form 15H. Interest earned is included in the total income of the depositor and charged in the slab of income tax charged.

Key Takeaways

Assam Gramin Bank Short Term FD offers a safe alternative in achieving short term financial goals. It has a low minimum deposit of ₹100, flexible terms up to one year, and an interest rate between 3.00% and 6.40% to general citizens and between 3.50% and 6.90% to senior citizens, which makes it ideal to those who are conservative investors who would like to have a predictable interest on their investment. Liquidity is upheld in premature withdrawal and loan arrangements, subject to the terms and conditions of the bank against the FD.