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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 January 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 28 days	3.85%	3.85%
5 months 29 days - 11 months 30 days	4.35%	4.85%
1 year - 1 year 6 months 7 days	5.75%	6.25%
1 year 6 months 8 days - 1 year 6 months 8 days	6.3%	6.8%
1 year 6 months 9 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 29 days	5.75%	6.25%
2 years 11 months 30 days - 9 years 11 months 28 days	5.4%	5.9%

Note: All interest rates shown below are as on 9th Jan 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	₹ 117,543	₹ 130,917
₹ 2 lakh	₹ 235,087	₹ 261,834
₹ 5 lakh	₹ 587,716	₹ 654,586
₹ 10 lakh	₹ 1,175,433	₹ 1,309,171

Compare Madhya Pradesh Gramin Bank Fixed Deposit Returns with Top Banks

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Jana Small Finance Bank FD


Maturity Amount	₹ 105,904	₹ 108,139
Total Investment Amount	₹ 100,000	₹ 100,000
Total Interest Gained	₹5,904	₹ 8,139

Compare Madhya Pradesh Gramin Bank Fixed Deposit Rates with Top Banks

Bank Name	FD Interest Rates
Jana Small Finance Bank FD	7.85% - 8.8%
CSB Bank FD	5.75% - 6.25%
Axis Bank FD	7% - 7.75%
Deutsche Bank FD	7% - 7%
Ujjivan Small Finance Bank FD	7.2% - 7.95%
Indian Bank FD	6.25% - 6.75%
Federal Bank FD	6.5% - 7%
Chaitanya Godavari Grameena Bank FD	6.25% - 6.75%
Ellaquai Dehati Bank FD	5.3% - 5.55%
Paschim Banga Gramin Bank FD	5.2% - 5.7%