• Fixed Deposit
  • Utkal Grameen Bank
  • Utkal Grameen Bank Fixed Deposit
Utkal Grameen Bank Fixed Deposit

Utkal Grameen Bank Fixed Deposit

GraminNA 
Shield CheckDICGC

6.8%

Interest for 3 years

Utkal Grameen Bank FD Interest Rates 2024

TenureNormal Citizen FD RateSenior Citizen FD Rate
7 days - 1 month 14 days3.5%4%
1 month 15 days - 5 months 27 days4.8%5.3%
5 months 28 days - 8 months 27 days5.8%6.3%
8 months 28 days - 11 months 29 days6%6.5%
1 year - 1 year 11 months 29 days6.8%7.3%
2 years - 2 years 11 months 29 days7%7.5%
3 years - 4 years 11 months 29 days6.8%7.3%
5 years - 9 years 11 months 28 days6.5%7%

Note: All interest rates shown above are as on 3rd Jul 2024

About Utkal Grameen Bank FD

Utkal Grameen Bank (UGB) is a Regional Rural Bank established on 1 November 2012 with the merger of Rushikulya Gramya Bank and Utkal Gramya Bank in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by State Bank of India & is jointly Owned by the Government of India, Government of Odisha and SBI.It is under the ownership of Ministry of Finance, Government of India. The shareholders of the Bank are Govt. of India (50%), State Bank of India (35%) and Govt. of Odisha (15%). The Bank is operating in 17 districts of Odisha State with its Head Office at Bolangir. Besides, the bank has seven Regional Offices in western and southern Odisha.

Utkal Grameen Bank FD

3.5% - 7%

FD Rate

4% - 7.5%

FD Rate for Seniors

₹ 1500000

Minimum Deposit

₹ 1 Crores

Maximum Deposit

-

Lock-in

-

FD Tenure

-

Loan against FD

NA

CRISIL Rating

Utkal Grameen Bank FD Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 6.8%For 5 years with interest of 6.8%
₹ 50,000 ₹ 61,280₹ 70,180
₹ 1 lakh ₹ 1,22,559₹ 1,40,360
₹ 2 lakh ₹ 2,45,118₹ 2,80,720
₹ 5 lakh ₹ 6,12,796₹ 7,01,800
₹ 10 lakh ₹ 12,25,592₹ 14,03,600

Compare Utkal Grameen Bank Fixed Deposit Returns with Top Banks

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

vs
Jammu & Kashmir Bank FD
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Utkal Grameen Bank FD
Utkal Grameen Bank FD
Maturity Amount 1,07,016 1,06,697
Total Investment Amount₹ 1,00,000₹ 1,00,000
Total Interest Gained7,016 6,697

Compare Utkal Grameen Bank Fixed Deposit Rates with Top Banks

Bank NameFD Interest Rates
Jammu & Kashmir Bank FD
6.5% - 7%
Punjab National Bank FD
7% - 7.5%
ICICI HFC FD
7.75% - 8%
HDFC Ltd FD
7.35% - 7.6%
Vidharbha Konkan Gramin Bank FD
7% - 7%
Karnataka Gramin Bank FD
6.85% - 7.35%
ESF Bank FD
8% - 8.5%
Aryavart Bank FD
6.5% - 7%
Capital Small Finance Bank FD
7.15% - 7.65%
Utkarsh Small Finance Bank FD
8.5% - 9.1%

Calculate Utkal Grameen 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 Utkal Grameen Bank FD rate today?

The highest Utkal Grameen 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 Utkal Grameen Bank 1 year FD scheme?

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

What is Utkal Grameen Bank FD scheme interest rate for 5 years?

6.8% p.a is the interest rate for 5 years on Utkal Grameen Bank FD scheme.

How many years FD will double in Utkal Grameen Bank?

To know in how many years Utkal Grameen 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 Utkal Grameen Bank Bank FD will double. The current highest Utkal Grameen 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 Utkal Grameen Bank FD minimum deposit amount?

The minimum investment in Utkal Grameen Bank FD is INR 15,00,000. However, there is no limit on the maximum amount of investment in Utkal Grameen Bank FD.

What is senior citizen fixed deposit interest rates in Utkal Grameen Bank?

The senior citizen fixed deposit interest rates in Utkal Grameen Bank range between 4% to 7.5% p.a. for an available minimum and maximum investment duration.

What are the available FD tenures in Utkal Grameen Bank?

Utkal Grameen Bank FD tenure ranges from 7 days to 9 years 11 months 28 days

What is Utkal Grameen Bank FD ROI for 10 lakh deposit for 1 year?

The interest from the Utkal Grameen 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 Utkal Grameen Bank?

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

How many FDs can be opened in Utkal Grameen Bank?

There is no restriction on the number of FDs you can open with Utkal Grameen Bank.