Kerala Gramin Bank Fixed Deposit Interest Rates

The Kerala Gramin Bank Fixed Deposit offers convenient and easy to open fixed deposit schemes to its customers. These fixed deposit schemes provide attractive rates of interest that help savings grow better and tide over inflation. The customer may also make a quick inquiry on the official website of customer care.

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Features of Kerala Gramin Bank Fixed Deposit Interest Rates

Listed below are some prominent features of fixed deposits:

  • The Fixed deposit accounts can be opened for a period of 7 days to 10 years.

  • The customer can avail of different options for interest payout options, such as monthly, quarterly, and half-yearly.

  • Premature closure of the deposited amount is allowed but with a penalty charge of 1 % of the rate of interest until the deposited money is maintained in the fixed deposit account.

  • One can avail a loan against the fixed deposit, up to the prescribed limit of the residual maturity period of the fixed deposit with a rate of interest only 2 % above the deposit rate.

  • The fixed deposit account can be opened with a minimum deposit of Rs.1000 with no maximum limit.

  • TDS is applicable in accordance with the extant IT guidelines.

  • A nomination facility is available in the fixed deposit account.

  • The fixed deposit is also subject to an auto-renewal facility.

  • The bank offers fixed deposits schemes for NRO and senior citizens as well.

Kerala Gramin Bank Fixed Deposit Interest Rates 2022

The Kerala Gramin Bank Fixed Deposit interest rates are calculated as per domestic and NRO categories with effect from 01.07.2021.

For deposits of 5 lakhs and above - domestic term deposits:



Senior Citizen

7 days to 14 days



15 days to 30 days



31 days to 45 days



46 days to 90 days



91 days to 179 days



180 days to 344 days



345 days

Refer Interest Rate for the scheme KGB Dhanam 345

346 days to less than 1 year



1 year only



Above 1 year to less than 5 years



5 years and above up to 10 years



The above rate of interest for term deposits of Rs.5 lakhs and above to less than Rs. 1 Crore for term deposits (Domestic).

FD interest have fallen consistently over the last 5 years.
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Kerala Gramin Bank Fixed Deposit Interest Rates: Things to Know

A few things to know about fixed deposit rates are:

  • Senior citizens are given a 0.50 % above the general category up to the deposit amount of Rs. 15 lakhs, provided the amount of less than Rs. 15 lakhs for the range of deposit is given in a single day.

  • For term deposits of and above Rs 1. Crore, the customer, is required to consult the bank authority.

Term deposits for NRI for deposit amount up to Rs.1 Crore


Rate of Interest

1 year only


Above 1 year up to 5 years


5 years and above up to 10 years


  • No additional rate of interest applies to the bank's staff in the NRO scheme.

  • For term deposits of and above Rs 1 Crore, the customer is required to consult the bank authority.

  • In case of premature closure or premature extension of term deposits penal charge of 1% is applied.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

In Conclusion

Fixed deposits interest rates are liable to changes as per the government policies or RBI guidelines. It is always wise on the part of the customer to remain updated for the ups and downs in the market trends, government policies, and errors if any.

Written By: PolicyBazaar - Updated: 20 December 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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