Telangana Grameena Bank Short Term FD

What is Telangana Grameena Bank Short Term FD?

Telangana Grameena Bank Short FD is a banking solution where an investor can make a lump sum deposit over a time span of between 7 days and a maximum of a year, earning higher interest at the bank-determined rates. Deposits have no maximum limit and may start with ₹1,000, and are suitable for the small saver, as well as the bulk depositor (₹1 crore or more) seeking predictable quarterly or periodic returns from a trusted regional bank.

Telangana Grameena Bank Short Term FD Interest Rates

Below are the latest Telangana Grameena Bank short term FD interest rates for general public and senior citizens:

*Telangana Grameena Bank Short Term FD interest rates w.e.f. as July 25, 2025

Features of Telangana Grameena Bank Short Term FD

Telangana Grameena Bank Short Term FD offers a range of customer-friendly features that make it appropriate for both conservative and growth-focused investors. Some of these include:

• Multiple Interest Payout: Interest is paid quarterly by default. However, depositors choosing tenures of 12 months or more can request monthly, half-yearly, or yearly interest payouts to suit income needs.
• Premature Withdrawal: Telangana Grameena Bank supports early closure of deposits, enabling customers to access funds during unexpected financial needs without difficulty.
• Auto-sweep Facility: Customers have the option of autosweep, which automatically moves excess funds from the savings account into the FD, allowing higher interest while keeping liquidity intact.
• Loan Against Deposit: Customers may take loans against their FD. For tenures above 12 months, loans are offered with a 15% margin, ensuring liquidity without closing the deposit.

How to Open a Telangana Grameena Bank Short Term FD?

Opening a short term FD in Telangana Grameena Bank is a simple process that can be completed easily either using mobile banking or by visiting a Telangana Grameena Bank branch personally.

Online Method

Customers who prefer digital banking can open a Telangana Grameena Bank short-term FD through the mobile banking app in a few simple steps.

• App Login: Access the Telangana Grameena Bank Mobile Banking application securely.
• Deposit Selection: Choose the E-Deposit option from the main dashboard.
• Form Completion: Enter deposit amount, tenure, nominee details, and payout preference.
• Review of Data: Review all the filled data to prevent submission errors.
• Authorisation: Confirm the request using your registered mobile banking credentials.
• Confirmation: FD is made immediately, the amount of money is debited, interest is set, receipt is given.

Offline Method

Customers who prefer in-person assistance can open a Telangana Grameena Bank short-term FD by visiting the nearest branch and completing the process with bank support.

• Branch Visit: Go to the nearest Telangana Grameena Bank branch during office hours.
• Form Request: Collect the fixed deposit application form from the service counter.
• Document Submission: Provide valid KYC papers along with passport-size photographs.
• Detail Entry: Mention deposit amount, tenure, interest option, and nominee information.
• Payment Mode: Deposit funds through account debit, cheque, or approved instruments.
• Verification: Bank verifies details, accepts funds, and hands over FD receipt.

Eligibility Criteria for Telangana Grameena Bank Short Term FD

The Telangana Grameena Bank Short Term Fixed Deposit is available to customers who fulfil the bank’s eligibility norms and invest their lump-sum savings for assured returns:

• Deposit Requirement: The deposit must start with at least ₹1,000. There is no maximum investment limit, while deposits of ₹1 crore and above are classified as bulk deposits.
• Application Availability: Customers can open Fixed Deposits at any Telangana Grameena Bank branch or through the Telangana Grameena Bank Mobile Banking (E-Deposit) facility.
• Nomination Facility: Nomination is available only in favour of customers, ensuring smooth fund transfer to beneficiaries.
• Liquidity Support: Depositors may avail of premature closure facilities or apply for a loan against FD, with an applicable 15% margin for deposits exceeding 12 months.
• Required Documents: Applicants should submit a valid KYC proof, for example, an Aadhaar Card, PAN Card, Voter ID, or any officially accepted identity document, along with a latest passport-size photograph for customer verification and official account records purposes.

Taxation on Telangana Grameena Bank Short Term FD 

Interest earned on Telangana Grameena Bank Short Term Fixed Deposits is considered as taxable income under the “Income from Other Sources” under the Income-tax Act. Tax Deducted at Source (TDS) is deducted at prevailing income-tax rates if interest income crosses the government-approved threshold and valid exemption forms are not submitted. Currently, TDS applies when annual interest exceeds ₹50,000 for the general public and ₹1,00,000 for senior citizens. Investors eligible for exemption may submit Form 15G (for investors below 60 years) or Form 15H (for senior citizens) to avoid TDS deductions as per tax rules.

Key Takeaways

Telangana Grameena Bank Short Term FD is a secure savings choice, with a minimum investment of ₹1,000. Customers can obtain loans against deposits beyond 12 months with a 15% margin, while FDs of ₹20,000 and above (including interest) are not paid in cash. Telangana Grameena Bank FD rates vary from 3.50% to 6.70% for the general public and 4.00% to 7.20% for senior citizens, providing returns on short-term and long-term deposits.