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Madhya Pradesh Gramin Bank Fixed Deposit

GraminNA

DICGC

5.4%

Interest for 3 years

Madhya Pradesh Gramin Bank FD Interest Rates 2023

Tenure	Normal Citizen FD Rate	Senior Citizen FD Rate
7 days - 1 month 14 days	2.85%	2.85%
1 month 15 days - 5 months 26 days	3.85%	3.85%
5 months 27 days - 11 months 28 days	4.35%	4.85%
11 months 29 days - 1 year 6 months 4 days	5.75%	6.25%
1 year 6 months 5 days - 1 year 6 months 5 days	6.3%	6.8%
1 year 6 months 6 days - 2 years 1 month 14 days	5.75%	6.25%
2 years 1 month 15 days - 2 years 1 month 15 days	7.25%	7.75%
2 years 1 month 16 days - 2 years 11 months 28 days	5.75%	6.25%
2 years 11 months 29 days - 9 years 11 months 27 days	5.4%	5.9%

Note: All interest rates shown above are as on 4th May 2023

About Madhya Pradesh Gramin Bank FD

Madhya Pradesh Grameen Bank, a Regional Rural Bank, constituted on 1St April, 2019 after amalgamation of two Regional Rural Banks (RRBs) namely Narmada Jhaubua Grameen Bank and Central Madhya Pradesh Gramin Bank. Erstwhile Narmada Jhabua Gramin Bank was sponsored by Bank of India while Central Madhya Pradesh Gramin Bank was sponsored by Central Bank of India. The amalgamated entity Madhya Pradesh Gramin Bank functions under Regional Rural Banks Act 1976 having its Head Office at Indore (M.P.) under the sponsorship of Bank of India.

2.85% - 7.25%

FD Rate

2.85% - 7.75%

FD Rate for Seniors

Minimum Deposit

₹ 2 Crores

Maximum Deposit

Lock-in

FD Tenure

Loan against FD

CRISIL Rating

Madhya Pradesh Gramin Bank FD Returns Based on Investment Amount

Investment Amount	For 3 years with interest of 5.4%	For 5 years with interest of 5.4%
₹ 50,000	₹ 58,772	₹ 65,459
₹ 1 lakh	₹ 1,17,543	₹ 1,30,917
₹ 2 lakh	₹ 2,35,087	₹ 2,61,834
₹ 5 lakh	₹ 5,87,716	₹ 6,54,586
₹ 10 lakh	₹ 11,75,433	₹ 13,09,171

Compare Madhya Pradesh Gramin Bank Fixed Deposit Returns with Top Banks

Use FD calculator to change values and compare your returns from top banks.

DBS Bank FD


Maturity Amount	₹ 1,05,904	₹ 1,07,763
Total Investment Amount	₹ 1,00,000	₹ 1,00,000
Total Interest Gained	₹5,904	₹ 7,763

Compare Madhya Pradesh Gramin Bank Fixed Deposit Rates with Top Banks

Bank Name	FD Interest Rates
DBS Bank FD	7.5% - 8%
Jammu And Kashmir Grameen Bank FD	6.5% - 7%
Central Bank of India FD	6.25% - 6.75%
IDBI Bank FD	6.5% - 7%
Madhyanchal Gramin Bank FD	5.3% - 5.8%
Mizoram Rural Bank FD	6.5% - 6.5%
Axis Bank FD	7% - 7.75%
Bangiya Gramin Vikash Bank FD	6.25% - 6.75%
Bandhan Bank FD	7.25% - 7.75%
LIC Housing Finance FD	7.75% - 8%

Calculate Madhya Pradesh Gramin Bank FD Returns

Investment Amount

Investment Period

Interest Rate

Compounding Period

Senior Citizen

₹ 1,00,000

Total Investment

5,904

Wealth Gained

₹ 1,05,904

Maturity Amount

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Frequently Asked Questions

What is the highest Madhya Pradesh Gramin Bank FD rate today?

The highest Madhya Pradesh Gramin Bank FD rates for general citizens is 7.25% p.a. and 7.75% p.a. for senior citizens.

What is the highest interest rate on Madhya Pradesh Gramin Bank 1 year FD scheme?

The highest interest rate on Madhya Pradesh Gramin Bank 1 year FD scheme is 5.75% p.a.

What is Madhya Pradesh Gramin Bank FD scheme interest rate for 5 years?

5.4% p.a is the interest rate for 5 years on Madhya Pradesh Gramin Bank FD scheme.

How many years FD will double in Madhya Pradesh Gramin Bank?

To know in how many years Madhya Pradesh Gramin Bank Bank FD will double, we can follow the 72 rule. We have to divide 72 by the interest rate, and the result will be the number of years Madhya Pradesh Gramin Bank Bank FD will double. The current highest Madhya Pradesh Gramin Bank FD interest rate is 7.25% so investors will double the investment in 9.93 years. Similarly, senior citizen depositors will double their FD investment in 9.29 years, where the highest FD rate for senior citizens is 7.75%.

What is Madhya Pradesh Gramin Bank FD minimum deposit amount?

The minimum investment in Madhya Pradesh Gramin Bank FD is INR 0. However, there is no limit on the maximum amount of investment in Madhya Pradesh Gramin Bank FD.

What is senior citizen fixed deposit interest rates in Madhya Pradesh Gramin Bank?

The senior citizen fixed deposit interest rates in Madhya Pradesh Gramin Bank range between 2.85% to 7.75% p.a. for an available minimum and maximum investment duration.

What are the available FD tenures in Madhya Pradesh Gramin Bank?

Madhya Pradesh Gramin Bank FD tenure ranges from 7 days to 9 years 11 months 27 days

What is Madhya Pradesh Gramin Bank FD ROI for 10 lakh deposit for 1 year?

The interest from the Madhya Pradesh Gramin Bank FD calculator for 10 lakh deposit for 1 year will be INR 59,040. The maturity value will be INR 10,59,040. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.

How to check the fixed deposit balance in Madhya Pradesh Gramin Bank?

You can check Madhya Pradesh Gramin Bank FD balance either online or offline mode. For online mode, log in to the Madhya Pradesh Gramin Bank internet banking portal. Alternatively, you can visit the nearest Madhya Pradesh Gramin Bank bank to update your passbook for FD balance enquiry.

How many FDs can be opened in Madhya Pradesh Gramin Bank?

There is no restriction on the number of FDs you can open with Madhya Pradesh Gramin Bank.