Interest rates for Deposits accepted/renewed by Kerala Gramin Bank

TERM DEPOSITS (Domestic and NRO)**

Period Revision in Interest Rates on Term deposits w.e.f 16.01.2017
Below Rs 15 Lakh Rs 15 Lakh to below Rs 50 Lakh Rs 50 Lakh to below Rs1 Crore
General Senior Citizen General & Senior Citizen General & Senior Citizen
7 days to 14 days* 5.25* 5.75 5.25 5.25
15 days to 30 days 5.25 5.75 5.25 5.25
31 days to 45 days 5.50 6.00 5.50 5.50
46 days to 60 days 6.50 7.00 6.50 6.50
61 days to 90 days 6.50 7.00 6.50 6.50
91 days to 120 days 6.75 7.25 6.75 6.75
121 days to 179 days 6.00 6.50 5.95 5.85
180 days to 269 days 6.75 7.25 6.70 6.60
270 days to less than 1 year 6.75 7.25 6.70 6.60
1 year upto 10 years 7.10 7.60 7.05 7.00

* For deposits of Rs.5 lakh and above only.

** The benefit of additional interest rate on NRO Term Deposits is not applicable for Senior Citizens

GRAMIN TAX SAVER SCHEME

Period Rate w.e.f 16-01-2017
General Senior Citizen
5 years only 7.10 7.60

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