Madhya Pradesh Gramin Bank Fixed Deposit
Gramin
NA
DICGC
5%
Interest for 3 years
Madhya Pradesh Gramin Bank FD Interest Rates May 2022
Note: All interest rates shown below are as on 2nd May 2022
| Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
|---|---|---|
| 7 days - 1 month 14 days | 3.2% | 3.2% |
| 1 month 15 days - 5 months 26 days | 4.2% | 4.2% |
| 5 months 27 days - 11 months 29 days | 4.7% | 5.2% |
| 1 year - 9 years 11 months 27 days | 5% | 5.5% |
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.
3.2% - 5%
FD Rate
3.2% - 5.5%
FD Rate for Seniors
-
Minimum Deposit
₹ 2 Crores
Maximum Deposit
days
-
FD Tenure
-
NA
Fixed Deposits
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
Madhya Pradesh Gramin Bank FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5% | For 5 years with interest of 5% |
|---|---|---|
| ₹ 50,000 | ₹58074 | ₹64168 |
| ₹ 1 lakh | ₹116147 | ₹128336 |
| ₹ 2 lakh | ₹232294 | ₹256672 |
| ₹ 5 lakh | ₹580736 | ₹641679 |
| ₹ 10 lakh | ₹1161472 | ₹1283359 |
Compare Madhya Pradesh Gramin Bank Fixed Deposit Returns with Top Banks
Use FD calculator to change values and compare your returns from top banks.
| Maturity Amount | ₹105116 | ₹ 105326 |
| Total Investment Amount | ₹ 100000 | ₹ 100000 |
| Total Interest Gained | ₹5116 ₹5116 | ₹ 5326 |
| Income Tax on Wealth Gained | ₹ 12898 | ₹ 13092 |
Compare Madhya Pradesh Gramin Bank Fixed Deposit Rates with Top Banks
| Bank Name | FD Interest Rates |
|---|---|
| 5.2% - 5.7% | |
| 5.1% - 5.6% | |
| 5.35% - 5.85% | |
| 5.65% - 6.15% | |
| 5.2% - 5.95% | |
| 5.3% - 5.8% | |
| 5.4% - 6.05% | |
| 5% - 5% | |
| 5.3% - 5.8% | |
| 5.25% - 5.75% |
Calculate Madhya Pradesh Gramin Bank FD Returns
₹ 100000
Total Investment
₹5116
Wealth Gained
₹5116
Wealth Gained
₹105116
Maturity Amount
How to invest in FD
Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing
Sign up for a Fixed Deposit Account through Scripbox by way of an entirely paperless process.
Enter an investment amount and try different durations to preview potential returns at a glance.
Invest via Card, Netbanking, or UPI instantly; once done, your Fixed Deposit will be confirmed.
You can view the status of any Fixed Deposits you’ve added or created in your Scripbox account.
Get started with investing today
Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.