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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 22.01.2024)) **
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 344 days 5.75 6.25
345 days Refer Interest Rate for the scheme KGB Dhanam 345
346 to less than 1 year 5.75 6.25
1 year only 6.25 6.75
Above 1 years to 400 days 6.75 7.25
401 days 7.35 7.85
Above 401 days to less than 15 months 6.75 7.25
15 months only 7.25 7.75
Above 15 months to 500 days 6.75 7.25
501 days 7.45 7.95
Above 501 days to 3 years 6.75 7.25
Above 3 years up to below 5 years 6.50 7.00
5 years and above up to 10 years 6.50 7.00

* 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.

Tenure-345 Days only Revised ROI w.e.f. 22.01.2024*
a) For General Public 6.00% per annum (Simple)
b) For Senior Citizen 6.50 % per annum (Simple)

**Minimum deposit amount Rs 5000/- and maximum deposit amount Rs 14,99,999/-. Penal charge of 1% is applicable for term deposits prematurely closed/ prematurely extended.

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. 22.01.2024*
1 year only 6.25
Above 1 years to 400 days 6.75
401days 7.35
Above 401 days to less than 15 months 6.75
15 months only 7.25
Above 15 months to 500 days 6.75
501 days 7.45
Above 501 days to 3 years 6.75
Above 3 years up to below 5 years 6.50
5 years and above up to 10 years 6.50
KGB NIDHI 777 6.75
KGB NIDHI 1111 7.10

**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. 22.01.2024*
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. 22.01.2024*
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 and up to below 5 years 6.50
5 years and above up 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. 22.01.2024*
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 and up to below 5 years 6.50
5 years and above up 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.

• Rate of interest on Savings Bank deposits maintaining average balance below Rs 1 crore is currently fixed as 2.85% w.e.f 01.04.2021.

• Accounts having MAB* of Rs 1 Crore and above will be paid 0.15% more than the base rate of 2.85% w.e.f 01.04.2021 (ie 3%).


*MAB - Monthly Average Balance

Tenure ROI w.e.f. 22.01.2024*
General Senior Citizen
777 days 6.75 7.25
Minimum Deposit Amount – Rs 50000/-
Maximum Deposit Amount – Rs 1 Crore/-

Conditions

• Accounts can be opened for minimum Rs. 50,000/- and Maximum Rs.99,99,999/-.

• Deposits can be opened with options of Fixed deposits or cumulative deposits.

• Applicable for Domestic, NRE and NRO deposits.

• Deposits can be opened with options of Fixed deposits or cumulative deposits.

• Senior Citizens shall be eligible for applicable preferential rate of interest up to Rs. 15lakhs.


Note: - Premature closure of the deposit will attract normal penal cut of 1.00%.

Tenure ROI w.e.f. 22.01.2024*
General Senior Citizen
1111 days 7.10 7.60
Minimum Deposit Amount – Rs 50000/-
Maximum Deposit Amount – Rs 1 Crore/-

Conditions

• Accounts can be opened for minimum Rs. 50,000/- and Maximum Rs.99,99,999/- .

• Deposits can be opened with options of Fixed deposits or cumulative deposits.

• Applicable for Domestic, NRE and NRO deposits.

• Senior Citizens shall be eligible for applicable preferential rate of interest up to Rs. 15lakhs.


Note: - Premature closure of the deposit will attract normal penal cut of 1.00%.

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