Telangana Grameena Bank FD Rates

Telangana Grameena Bank offers a fixed deposit account option to all its customers. The customers can receive their FD interest every month, quarterly, half-yearly, or annually. The most crucial feature of fixed deposits is that they provide depositors with a guaranteed regular income because the interest rates remain constant from their inception. If the interest rates are re-evaluated during the deposit tenure, the same is revised for the fixed deposit during its renewal.

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Telangana Grameena Bank FD Rates 2022

Telangana Grameena Bank FD rates vary according to the deposit tenure. The rates were last revised on 17th June 2020.  

Here is a table representing the fixed deposit rates for various tenures:

Tenure Interest Rate
7-45 days 3.50%
46- 60 days 4.00%
61-90 days 4.00%
91-179 days  4.75%
180- 210 days 5.25%
211 days to less than 1 year  5.25%
1 year to less than 2 years (TGB Dhan Varsha Scheme) 5.75%
2 years to less than 3 years 5.75%
3 years to less than 5 years 5.75%
5 years to less than 10 years 5.75%
666 Deposit Scheme 6.00%

*The rates are all subject to revision by the bank, and revised rates will be informed to the public

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Features of Telangana Grameena Bank Fixed Deposit 

The main customers of Telangana Grameena Bank are the local people of Telangana. The fixed deposit scheme offered by this bank provides several benefits and features to its customers, some of which are::

  • Telangana Grameena Bank allows fixed deposit accounts to be opened for a period of 6 months to 10 years.

  • The fixed deposits can be withdrawn prematurely, but an interest deduction penalty is charged on the deposit.

  • No premature deduction penalty is charged on long-term deposits.

  • Loans and overdrafts are available based on fixed deposits. These loans can go up to 85% of the deposited amount.

  • Without any specific instructions from the customer, the fixed deposits are auto-renewed for the same tenure as they were initially set for.

  • Customers can choose to receive their interest payments monthly, quarterly, every six months, or every twelve months. 

  • Telangana Grameena Bank uses standing instructions for the disbursement of the interests.

  • TDS is also deducted from fixed deposits as per IT laws.

About Telangana Grameena Bank Fixed Deposit Interest Rate Calculator

Telangana Grameena 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

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Telangana Grameena Bank FD Rates: Things to Know

Telangana Grameena Bank FD rates have features of their own. However, one must be aware of a few things regarding fixed deposits and their interest rates. 

Some of these are:

  • The rate of interest for deposits above 1 Crore, even in the form of multiple split deposits and their renewals, will be decided by the Bank's Head Office daily.

  • Employees of Telangana Grameena Bank get an additional 1% interest above the existing rate.

  • Senior citizens get an 0.5% interest above existing rates on all deposits above one-year tenure.

  • Telangana Grameen Bank's staff eligible for superannuation can also get 1% interest extra per annum and another 0.5% added interest per annum as senior citizens.

  • When interest rates are revised, the new rates are applied for new deposits as well as for renewals of existing deposits.

In Conclusion

For all term deposits, customers have to submit their KYC requirements. Fixed deposits are a reliable solution for senior citizens and everyone else who wants to grow their money without risks.

The principal amount remains intact for the user to withdraw for emergencies while getting a small interest as periodic income. Telangana Grameena Bank has 426 branches spread all over the state to make it easy for customers to put in fixed deposits or open savings accounts. Today, the bank successfully serves more than 35 lakh customers.

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