The Paschim Banga Gramin bank is a joint conglomeration of the GoI, Government of West Bengal and UCO Bank with a capital share contribution of 50 %, 15% and 35 % respectively. Its services are extended to the agricultural, rural projects development and industrial development in the districts of Howrah, Hooghly, Bardhaman and Birbhum.Read more
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|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 eligible applicants for the fixed deposits account are - individuals, minors, HUFs, business firms, LLP firms, companies, AOP, BOI, Local authority, Trust, NRI and registered societies. Fixed deposits are one of the best savings instruments that offer guaranteed returns.
The Paschim Banga Gramin Bank FD Rates with effect from 1.04.2021 are as follows:
|Maturity Period||General Citizens % per annum||Senior Citizens % per annum|
|7 days to 14 days||3.00||3.25|
|15 days to 29 days||3.00||3.25|
|30 days to 45 days||3.00||3.25|
|46 days to 60 days||4.00||4.25|
|61 days to 90 days||4.00||4.25|
|91 days to 120 days||4.25||4.50|
|121 days to 150 days||4.25||4.50|
|151days to 180 days||4.25||4.50|
|181 days to 269 days||4.75||5.00|
|270 days to less than 1 year||4.75||5.00|
|More than 1 year to less than 2 years||5.00||5.50|
|More than 2 years and up to 3 years||5.00||5.50|
|Above 3 years and less than 5 years||5.00||5.50|
|5 years and above||5.00||5.50|
The Paschim Banga Gramin Bank Rates of interest for the Tax Saver Scheme are as follows:
|Category of Depositor||% Rate Of Interest per annum|
|Senior citizen staff/ex-staff||5.35|
Paschim Banga Gramin bank’s fixed deposit scheme offer benefits like:
Paschim Banga Gramin 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
Few things customers must be aware of the Paschim Banga Gramin Bank FD rates are:
In all the circumstances mentioned above, a penalty fee for premature payout is taken except for certain cases like senior citizen schemes.
The Fixed deposit schemes by the Bank can be a reasonable investment option. Some risk factors associated with fixed deposits are default repayment, penalty, complications with payout clauses before maturity and change in the interest rates. Nevertheless, before opening a fixed deposit account, the customer must do research and confirm the rates with the bank before investing.
Rate of Interest (Yearly)
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