RBangiya Gramin Vikash Bank 2023- A set amount of money is deposited into a Bangiya Gramin Vikash Bank Fixed Deposit account for a set amount of time, typically seven days to ten years. Fixed deposits have higher interest rates, which vary from bank to bank based on the amount deposited and the amount of time invested. You can get periodic payments of a fixed interest rate throughout the term, or you can get the whole interest and the principal at maturity. Find the most recent and current fixed deposit interest rates offered by each bank as of March 3, 2023.
The deposit period can be days, months, or years, and the compounding of interest can be monthly, quarterly, half-yearly, or yearly, depending on the bank. The following FD calculator makes it simple to determine the maturity amount and earned interest amount. It should be noted that the outcome of this calculator will only provide you with an approximate value; the precise value can only be provided by your bank.
Bangiya Gramin Vikash Bank 2023
Compared to standard savings accounts, a Fixed Deposit (FD) may offer higher interest rates. Customers who are interested in making a one-time deposit and are looking for reasonable interest rates may find that a fixed deposit plan makes it convenient to secure future objectives. PNB sponsors Bangiya Gramin Vikash, which was established under the RRB Act (Regional Rural Bank Act) of 1976. The Indian Government and the Bengal Government own the Bank.
The Bangiya Gramin Vikash Bank FD lets you put down a single amount for a specific amount of time, from seven days to ten years. Depending on your comfort and financial goals, you can choose from any of the residences offered by Bangiya Gramin Vikash Bank FD. When you choose a residency and put the money in the Bangiya Gramin Vikash Bank FD, it will start earning interest based on where the deposit is located. The customer is only allowed to make a single cash deposit into his or her fixed deposit account once.
Bangiya Gramin Vikash Bank 2023 Interest Rate For FD Details
|Bank Name||Bangiya Gramin Vikash Bank|
|Article Name||Bangiya Gramin Vikash Interest Rate For FD|
|Official Website||Click Here|
About Bangiya Gramin Vikash Bank FD
Bangiya Gramin Vikash Bank FD is a state-owned financial institution providing banking services to the people of West Bengal, India. The bank was founded in 1936 and is headquartered in Kolkata, the capital city of West Bengal. It has more than 6,000 employees and a network of over 100 branches across the state. The bank offers a variety of financial products and services to its customers, including loans, savings accounts, and insurance products. It is one of the largest state-owned banks in India, with assets exceeding $11 billion as of 2017. Bangiya Gramin Vikash Bank is a leading financial institution in West Bengal and provides quality banking services to its customers at affordable prices.
According to the provisions of the Regional Rural Banks Act of 1976, Bangiya Gramin Vikash Bank (BGVB) is an Indian regional rural bank that was established as a Gramin bank. It is owned by the Government of India and sponsored by Punjab National Bank (50 percent of Share Capital Deposit). of Punjab National Bank and West Bengal (15 percent of the Share Capital Deposit), respectively. The Ministry of Finance of the Indian Government owns it. The bank has a head office in Baharampur, Murshidabad, West Bengal, and it operates in 12 districts of the state of West Bengal (since the creation of Jhargram District). Within its commanding region, it has 587 Branches.
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Features of Bangiya Gramin Vikash Bank Fixed Deposit
BGVB offers fixed deposit products for both individuals and businesses. These products are available with different maturities and can be withdrawn at any time without penalties or fees. BGVB also provides flexible repayment options for its customers, allowing them to make periodic payments or make larger lump-sum payments at any time.
The Bangiya Gramin Vikash Bank has an excellent track record when it comes to customer service. Its highly qualified staff members offer guidance and assistance to its customers, making it easy for them to manage their finances. In short, BGVB is a reliable and trustworthy financial services provider that offers quality products and services at affordable prices.
The bank has a number of features and easy access that make it easy to deposit money. Among the characteristics are:
- The bank has both online and offline options for opening a fixed deposit. The service is available to seniors without them having to go to the bank.
- The customer has the option of choosing from a wide range of terms and interest rates offered by the bank.
- There are a variety of payout options, including half-yearly, annual, quarterly, and monthly.
- The maximum amount that can be put into a fixed deposit is unlimited.
- In comparison to regular customers, senior citizens receive special benefits.
- The nomination facility is also available to customers.
- The FD can be used as collateral for up to 85% of loans.
- Customers can request automatic deposit renewal at any time.
- The customer can rely on a safe and secure deposit because the bank is run by the government.
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Bangiya Gramin Vikash Bank Fixed Deposit Rates 2023
Below mentioned are the current interest rates:
|Period of Deposit||Interest rates(Regular citizens)||Interest rates(Senior citizens)|
|7 to 14 days||4.00||4.00|
|15 to 29 days||4.00||4.00|
|30 to 45 days||4.00||4.00|
|46 to 90 days||4.50||4.50|
|91 to 180 days||5.00||5.00|
|181 to 269 days||5.75||5.75|
|270 to less than 1 year||6.00||6.00|
|Above 1 year to less than 3 years||6.25||6.75|
Check Also-Bank of India 2023 Interest Rate For FD
About Bangiya Gramin Vikash Bank Fixed Deposit Interest Rate Calculator
The Bangiya Gramin Vikash Fixed Deposit calculator is a user-friendly and hassle-free tool for quickly calculating the maturity amount and interest earned and due at policy termination. You can determine the appropriate FD amount by entering some fundamental information. An investor can use the FD Calculator to determine the rates for fixed deposits by following these steps.
The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount
Also Read- Citi Bank 2023 Interest Rate For FD
Things to Know BGVB Interest Rate For FD
The following are some of the most important facts about the bank’s fixed deposit programs:
- If you want to put your savings in a fixed deposit, the Bangiya Gramin Vikash Fixed Deposit Rates are perfect for you.
- Customers can choose from a variety of tenures and interest rates offered by the bank. The amount and duration from which interest rates can be calculated determine this.
- This facility is provided without excessive formalities by Bangiya Gramin Vikash. At the time of deposit, a one-time payment is made to the customer who applies for the FD.
- The interest rate is added to the deposit during the chosen tenure, which can last anywhere from seven days to ten years.
The conclusion to the Bangiya Gramin Vikash Bank FD interest rate is that, in general, the interest rate of a Bangiya Gramin Vikash Bank FD is low. The Bangiya Gramin Vikash Bank FD is a fixed-term deposit account offered by a government bank. This type of account offers high liquidity and stability, as well as security, which makes it appealing for some investors.
The Bangiya Gramin Vikash Bank FD interest rate can be affected by a number of factors, including the bank’s financial health and its ability to pay interest on deposits. Generally speaking, the higher the quality of a bank’s assets and operations, the higher its ability to pay interest on deposits and the lower its cost of capital. As such, if you choose a Bangiya Gramin Vikash Bank FD with high-quality assets and sound operations, you can expect to receive a competitive interest rate. However, it is important to note that not all banks are equal in terms of their financial strength and profitability, so you may need to do your research before choosing an FD with Bangiya Gramin Vikash Bank.