• Fixed Deposit
  • Madhyanchal Gramin Bank
  • Madhyanchal Gramin Bank Fixed Deposit
Madhyanchal Gramin Bank Fixed Deposit

Madhyanchal Gramin Bank Fixed Deposit

GraminNA 
DICGC

5.3%

Interest for 3 years

Madhyanchal Gramin Bank FD Interest Rates February 2023

Historical FD Rates →
TenureNormal Citizen FD RateSenior Citizen FD Rate
7 days - 1 month 17 days3%3.5%
1 month 18 days - 11 months 30 days4.5%5%
1 year - 1 year 11 months 29 days5.5%6%
1 year 11 months 30 days - 2 years 11 months 29 days5.75%6.25%
2 years 11 months 30 days - 4 years 11 months 29 days5.3%5.8%
4 years 11 months 30 days - 9 years 11 months 28 days5.4%5.9%

Note: All interest rates shown below are as on 2nd Feb 2023

About Madhyanchal Gramin Bank FD

Madhyanchal Gramin Bank is a regional rural bank in India. It is under the ownership of Ministry of Finance , Government of India. It was formed by merging three rural banks in the state of Madhya Pradesh in central India namely Madhya Bharat Bank, Sharda Grameen Bank, Rewa Sidhi Grameen Bank, sponsored by State Bank Of India, Allahabad Bank and Union Bank of India. Its headquarters is in Saugor. There are 454 branch and 7 regional offices in Rewa, Sidhi, Satna, Damoh, Shivpuri, Chhatarpur and Tikamgarh.

Madhyanchal Gramin Bank FD

3% - 5.75%

FD Rate

3.5% - 6.25%

FD Rate for Seniors

-

Minimum Deposit

-

Maximum Deposit

-

Lock-in

-

FD Tenure

-

Loan against FD

NA

CRISIL Rating

Madhyanchal Gramin Bank FD Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 5.3%For 5 years with interest of 5.4%
₹ 50,000 ₹ 58,596₹ 65,459
₹ 1 lakh ₹ 117,193₹ 130,917
₹ 2 lakh ₹ 234,386₹ 261,834
₹ 5 lakh ₹ 585,964₹ 654,586
₹ 10 lakh ₹ 1,171,928₹ 1,309,171

Compare Madhyanchal Gramin Bank Fixed Deposit Returns with Top Banks

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

vs
Shriram Finance FD
Madhyanchal Gramin Bank FD
Madhyanchal Gramin Bank FD
Maturity Amount 105,641 108,149
Total Investment Amount₹ 100,000₹ 100,000
Total Interest Gained5,641 8,149

Compare Madhyanchal Gramin Bank Fixed Deposit Rates with Top Banks

Bank NameFD Interest Rates
Shriram Finance FD
7.86% - 8.36%
Suryoday Small Finance Bank FD
7.25% - 7.75%
Tripura Gramin Bank FD
5.5% - 6%
Baroda UP Bank FD
6.1% - 6.6%
Deutsche Bank FD
7.5% - 7.75%
SCB FD
7% - 7.5%
Punjab Gramin Bank FD
6.25% - 6.25%
Dakshin Bihar Gramin Bank FD
5.6% - 5.6%
Jharkhand Rajya Gramin Bank FD
5.5% - 5.75%
Mahindra Finance FD
7.5% - 7.75%

Calculate Madhyanchal Gramin Bank FD Returns

₹ 100,000

Total Investment

5,641

Wealth Gained

₹ 105,641

Maturity Amount

Explore Debt Funds, instead!

The flexible & tax efficient alternative to FDs.