A Fixed Deposit or FD can pay higher interest rates than the usual savings account. A fixed deposit plan can conveniently secure future goals for customers looking for reasonable interest rates and are interested in depositing a lump sum.
Bangiya Gramin Vikash Bank is sponsored by PNB and was formed under the RRB act (Regional Rural Bank act) of 1976. The Bank is owned by the Indian Government and the Government of Bengal.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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Get higher Returns than Fixed Deposit along with Tax Benefits
|BANKS||GENERAL CITIZENS||SENIOR CITIZEN|
|Axis Bank FD Rates||2.50% - 5.75%||2.50% - 6.50%|
|Bandhan Bank FD Rates||3.00% - 5.00%||3.75% - 5.75%|
|Bank of Baroda FD Rates||2.80% - 5.25%||3.30% - 6.25%|
|Bank of India FD Rates||2.85% - 5.05%||3.35% - 5.55%|
|Canara Bank FD Rates||2.90% - 5.40%||2.90% - 5.90%|
|Central Bank of India FD Rates||2.75% - 5.00%||2.90% - 3.25%|
|DBS Bank FD Rates||2.50% - 5.50%||3.50% - 6.00%|
|HDFC Bank FD Rates||2.50% - 5.60%||3.00% - 6.35%|
|IDFC Bank FD Rates||2.50% - 6.00%||3.00% - 6.50%|
|Indian Bank FD Rates||2.90% - 5.15%||3.40% - 5.65%|
|Indian Overseas Bank FD Rates||3.40% - 5.20%||3.90% - 5.70%|
|IndusInd Bank FD Rates||2.50% - 6.00%||3.00% - 6.50%|
|Punjab National Bank FD Rates||2.90% - 5.25%||3.50% - 5.75%|
|SBI FD Rates||5.30% - 5.40%||5.80% - 6.20%|
|UCO Bank FD Rates||2.55% - 5.05%||3.80% - 6.30%|
|Yes Bank FD Rates||3.25% - 6.25%||3.75% - 7.25%|
The bank includes several features and easy accessibility to make the deposit process simple. Some of the features are:
There are no restrictions in terms of the eligibility criteria for opening an FD. Anybody can open a fixed deposit, including minor, Hindu joint family, companies, partnership firms, trusts, and NRIs.
Below mentioned are the current interest rates:
|Period of Deposit||Interest rates(Regular citizens)||Interest rates(Senior citizens)|
|7 to 14 days||4.00||4.00|
|15 to 29 days||4.00||4.00|
|30 to 45 days||4.00||4.00|
|46 to 90 days||4.50||4.50|
|91 to 180 days||5.00||5.00|
|181 to 269 days||5.75||5.75|
|270 to less than 1 year||6.00||6.00|
|Above 1 year to less than 3 years||6.25||6.75|
Bangiya 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
Some of the crucial things to know about the bank’s fixed deposit schemes are:
It is important to consider specific points before opening a fixed deposit. The customers have to go through the tenures and the interest rates properly before deciding on the plan. Bangiya Gramin Vikash bank offers tenure from 7 days to 10 years.
The customers can also choose to avoid TDS by submitting a 15H form by showing their nontaxable annual income. After the fixed deposit is opened, it is essential to let the bank know about the action after maturity. If no instruction is given, the bank will auto-renew the FD.
Rate of Interest (Yearly)
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