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Utkal Grameen Bank Fixed Deposit

GraminNA

DICGC

6.25%

Interest for 3 years

Utkal Grameen Bank FD Interest Rates 2023

Tenure	Normal Citizen FD Rate	Senior Citizen FD Rate
7 days - 1 month 14 days	3%	3%
1 month 15 days - 5 months 27 days	4.5%	4.5%
5 months 28 days - 8 months 25 days	5.25%	5.25%
8 months 26 days - 11 months 28 days	5.75%	5.75%
11 months 29 days - 2 years 11 months 28 days	6.75%	7.25%
2 years 11 months 29 days - 9 years 11 months 27 days	6.25%	6.75%

Note: All interest rates shown above are as on 4th May 2023

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.

3% - 6.75%

FD Rate

3% - 7.25%

FD Rate for Seniors

₹ 1500000

Minimum Deposit

₹ 1 Crores

Maximum Deposit

Lock-in

FD Tenure

Loan against FD

CRISIL Rating

Utkal Grameen Bank FD Returns Based on Investment Amount

Investment Amount	For 3 years with interest of 6.25%	For 5 years with interest of 6.25%
₹ 50,000	₹ 60,282	₹ 68,286
₹ 1 lakh	₹ 1,20,564	₹ 1,36,573
₹ 2 lakh	₹ 2,41,129	₹ 2,73,146
₹ 5 lakh	₹ 6,02,822	₹ 6,82,865
₹ 10 lakh	₹ 12,05,643	₹ 13,65,730

Compare Utkal Grameen Bank Fixed Deposit Returns with Top Banks

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

DBS Bank FD


Maturity Amount	₹ 1,06,963	₹ 1,07,763
Total Investment Amount	₹ 1,00,000	₹ 1,00,000
Total Interest Gained	₹6,963	₹ 7,763

Compare Utkal Grameen Bank Fixed Deposit Rates with Top Banks

Bank Name	FD Interest Rates
DBS Bank FD	7.5% - 8%
Jammu And Kashmir Grameen Bank FD	6.5% - 7%
Central Bank of India FD	6.25% - 6.75%
IDBI Bank FD	6.5% - 7%
Madhyanchal Gramin Bank FD	5.3% - 5.8%
Mizoram Rural Bank FD	6.5% - 6.5%
Axis Bank FD	7% - 7.75%
Bangiya Gramin Vikash Bank FD	6.25% - 6.75%
Bandhan Bank FD	7.25% - 7.75%
LIC Housing Finance FD	7.75% - 8%

Calculate Utkal Grameen Bank FD Returns

Investment Amount

Investment Period

Interest Rate

Compounding Period

Senior Citizen

₹ 1,00,000

Total Investment

6,963

Wealth Gained

₹ 1,06,963

Maturity Amount

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Frequently Asked Questions

What is the highest Utkal Grameen Bank FD rate today?

The highest Utkal Grameen Bank FD rates for general citizens is 6.75% p.a. and 7.25% 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 6.75% p.a.

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

6.25% 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 6.75% so investors will double the investment in 10.67 years. Similarly, senior citizen depositors will double their FD investment in 9.93 years, where the highest FD rate for senior citizens is 7.25%.

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 3% to 7.25% 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 27 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 69,628. The maturity value will be INR 10,69,628. 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.