Madhya Pradesh Gramin Bank Fixed Deposit

Gramin

NA

DICGC

5%

Interest for 3 years

Madhya Pradesh Gramin Bank FD Interest Rates Sep 2022

Note: All interest rates shown below are as on 1st Sep 2022

Historical FD Rates →
TenureNormal Citizen FD RateSenior Citizen FD Rate
7 days - 14 days3.2%3.2%
15 days - 1 month 15 days3.2%3.2%
1 month 16 days - 2 months 29 days4.2%4.2%
3 months - 5 months 26 days4.2%4.2%
5 months 27 days - 8 months 27 days4.7%5.2%
8 months 28 days - 11 months 30 days4.7%5.2%
1 year - 1 year 11 months 29 days5%5.5%
1 year 11 months 30 days - 2 years 11 months 29 days5%5.5%
2 years 11 months 30 days - 9 years 11 months 28 days5%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

Lock-in

-

FD Tenure

-

Loan against FD

NA

CRISIL Rating

Fixed Deposits

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Madhya Pradesh Gramin Bank FD Returns Based on Investment Amount

Investment AmountFor 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

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vs

Pre Tax

Post Tax

Tax Rate
Maturity Amount₹105116₹ 105221
Total Investment Amount₹ 100000₹ 100000
Total Interest Gained₹5116

₹5116

₹ 5221

Compare Madhya Pradesh Gramin Bank Fixed Deposit Rates with Top Banks

Calculate Madhya Pradesh Gramin Bank FD Returns

₹ 100000

Total Investment

₹5116

Wealth Gained

₹5116

Wealth Gained

₹105116

Maturity Amount

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