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

Madhyanchal Gramin Bank Fixed Deposit

GraminNA 
DICGC

6%

Interest for 3 years

Madhyanchal Gramin Bank FD Interest Rates 2024

TenureNormal Citizen FD RateSenior Citizen FD Rate
7 days - 1 month 16 days3%3.5%
1 month 17 days - 5 months 28 days4.5%5%
5 months 29 days - 6 months 28 days5.25%5.75%
6 months 29 days - 11 months 29 days5.75%6.25%
11 months 30 days - 1 year 11 months 29 days6.8%7.3%
1 year 11 months 30 days - 2 years 11 months 29 days7%7.5%
2 years 11 months 30 days - 9 years 11 months 28 days6%6.5%

Note: All interest rates shown above are as on 5th Feb 2024

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% - 7%

FD Rate

3.5% - 7.5%

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 6%For 5 years with interest of 6%
₹ 50,000 ₹ 59,834₹ 67,443
₹ 1 lakh ₹ 1,19,668₹ 1,34,885
₹ 2 lakh ₹ 2,39,336₹ 2,69,770
₹ 5 lakh ₹ 5,98,340₹ 6,74,425
₹ 10 lakh ₹ 11,96,681₹ 13,48,850

Compare Madhyanchal Gramin Bank Fixed Deposit Returns with Top Banks

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

vs
Bandhan Bank FD
Madhyanchal Gramin Bank FD
Madhyanchal Gramin Bank FD
Maturity Amount 1,07,016 1,07,496
Total Investment Amount₹ 1,00,000₹ 1,00,000
Total Interest Gained7,016 7,496

Compare Madhyanchal Gramin Bank Fixed Deposit Rates with Top Banks

Bank NameFD Interest Rates
Bandhan Bank FD
7.25% - 7.75%
Capital Small Finance Bank FD
7.15% - 7.65%
Bharat Bank FD
7.25% - 7.75%
Jharkhand Rajya Gramin Bank FD
6.5% - 6.75%
Uttarakhand Gramin Bank FD
6.3% - 6.8%
ICICI HFC FD
7.65% - 7.9%
Maharashtra Gramin Bank FD
6.85% - 7.35%
Federal Bank FD
7% - 7.5%
Union Bank of India FD
6.5% - 7%
Bank of India FD
6.5% - 7.25%

Calculate Madhyanchal Gramin Bank FD Returns

1,00,000

Total Investment

7,016

Wealth Gained

1,07,016

Maturity Amount

Explore Debt Funds, instead!

The flexible & tax efficient alternative to FDs.

Frequently Asked Questions

What is the highest Madhyanchal Gramin Bank FD rate today?

The highest Madhyanchal Gramin Bank FD rates for general citizens is 7% p.a. and 7.5% p.a. for senior citizens.

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

The highest interest rate on Madhyanchal Gramin Bank 1 year FD scheme is 6.8% p.a.

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

6% p.a is the interest rate for 5 years on Madhyanchal Gramin Bank FD scheme.

How many years FD will double in Madhyanchal Gramin Bank?

To know in how many years Madhyanchal 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 Madhyanchal Gramin Bank Bank FD will double. The current highest Madhyanchal Gramin Bank FD interest rate is 7% so investors will double the investment in 10.29 years. Similarly, senior citizen depositors will double their FD investment in 9.60 years, where the highest FD rate for senior citizens is 7.5%.

What is Madhyanchal Gramin Bank FD minimum deposit amount?

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

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

The senior citizen fixed deposit interest rates in Madhyanchal Gramin Bank range between 3.5% to 7.5% p.a. for an available minimum and maximum investment duration.

What are the available FD tenures in Madhyanchal Gramin Bank?

Madhyanchal Gramin Bank FD tenure ranges from 7 days to 9 years 11 months 28 days

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

The interest from the Madhyanchal Gramin Bank FD calculator for 10 lakh deposit for 1 year will be INR 70,160. The maturity value will be INR 10,70,160. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.

How to check the fixed deposit balance in Madhyanchal Gramin Bank?

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

How many FDs can be opened in Madhyanchal Gramin Bank?

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