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Deposit Interest Rates

Interest rates for Deposits accepted/renewed by Kerala Gramin Bank

Tenure ROI effective for Domestic & NRO Term Deposits (Revised ROI from 02.09.2024) **
General Senior Citizen
7 days to 14 days* 3.25 3.75
15 days to 90 days 4.00 4.50
91 days to 179 days 4.75 5.25
180 days to 269 days 5.75 6.25
270 days to less than 1 year 5.75 6.25
1 year only 6.25 6.75
Above 1 years to less than 15 months 6.90 7.40
15 months and up to 554 days 6.75 7.25
555 days only 7.40 7.90
556 days to 3 years 6.75 7.25
Above 3 years to less than 5 years 7.00 7.50
5 years & above to 10 years 6.50 7.00
666 days (exclusively for women customers) 7.45 7.95

* For Deposits of Rs 5 Lakh and above only.

Penal charge of 1% is applicable for term deposits prematurely closed/ prematurely extended.

Note: - Interest rates are subject to change from time to time without prior notice. For further details, please contact the Branch Manager.

Note: - @simple rate of interest ( rest no change in conditions )

For Interest Rate on Deposits of Rs 1 Crore & above, please confirm the interest rate from the Branch Manager.

Savings Accounts having monthly average balance ROI in %
Less than Rs.1 crore 2.80
Rs.1 crore and above 3
Tenure Special rates from 02.09.2024
General Senior Citizen**
666 days 7.45 7.95

*wef 08.07.2024 with minimum deposit amount of Rs 1 lakh, maximum below Rs.1 crore the ROI is applicable from 02.09.2024 to 30.09.2024 .

NRO TERM DEPOSITS**: Same as applicable to Domestic Deposits.The benefit of additional/preferential interest rate on deposits on account of the depositor being bank’s own Staff or Senior Citizen shall not be available to NRO Deposits

NRE TERM DEPOSITS:

Tenure Revised ROI w.e.f. 02.09.2024*
1 year only 6.25
Above 1 year to less than 15 months 6.90
15 months and up to 554 days 6.75
555 days only 7.40
556 days to 3 years 6.75
Above 3 years to less than 5 years 7.00
5 years & above to 10 years 6.50
666 days (exclusively for women customers) 7.45

**Rate applicable for amounts below Rs. 1 Crore

For Interest Rate on Deposits of Rs 1 Crore & above, please confirm the interest rate from the Branch Manager.

No additional interest rate for Senior Citizens.

No interest will be earned for NRE Term Deposit including NRE RD which is closed prematurely before the completion of one year, penal charge of 1% will be applicable for all NRE deposits prematurely closed after 1 year.

Note: - Interest rates are subject to change from time to time without prior notice. For further details, please contact the Branch Manager.

Tenure ROI w.e.f. 02.09.2024*
General Senior Citizen
5 years only 6.50 7.00

The ceiling amount of Investment under GTS is Rs. 1,50,000/-.

Premature closure of GTS Deposit is not allowed.

Note: - No auto renewal facility is available for Gramin Tax Saver Deposit.

Tenure Revised ROI w.e.f. 20.06.2024*
1 year only 6.25
Above 1 year to less than 15 months 6.75
15 months only 7.25
Above 15 months to 3 years 6.75
Above 3 years to less than 5 years 6.50
5 years & above to 10 years 6.50

*Rate applicable for amounts below Rs. 1 Crore

No additional interest rate for Senior Citizens.

Penal charge of 1% is applicable for term deposits prematurely closed/ prematurely extended.

Note: - Interest rates are subject to change from time to time without prior notice. For further details, please contact the Branch Manager.

NRO RECURRING DEPOSITS** : Same as applicable to Domestic Deposits. No additional interest rate for Senior Citizens.


NRE RECURRING DEPOSITS:
Tenure Revised ROI w.e.f. 02.09.2024*
1 year only 6.25
Above 1 year to less than 15 months 6.75
15 months only 7.25
Above 15 months to 3 years 6.75
Above 3 years to less than 5 years 6.50
5 years & above to 10 years 6.50

*Rate applicable for amounts below Rs. 1 Crore

No additional interest rate for Senior Citizens.

For Interest Rate on Deposits of Rs 1 Crore & above, please confirm the interest rate from the Branch Manager.

No interest will be earned for NRE Term Deposit including NRE RD which is closed prematurely before the completion of one year, penal charge of 1% will be applicable for all NRE deposits prematurely closed after 1 year. No additional interest rate for Senior Citizens.

Note: -Interest rates are subject to change from time to time without prior notice. For further details, please contact the Branch Manager.

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