Uttar Bihar Gramin Bank 2024 Interest Rate For FD- A fixed amount of money is deposited in an Uttar Bihar Gramin Bank Fixed Deposit account for a fixed period 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 interest rates offered by each bank for fixed deposits as of 2024.
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.
Uttar Bihar Gramin Bank 2024 Interest Rate For FD
Gramin Banks, otherwise called Provincial Rustic Banks (RRBs), work in country areas of India and spotlight on giving financial administrations to the provincial populace. These banks were laid out with the target of giving monetary or banking administrations to rustic regions to foster their economy. Gramin banks offer Fixed Stores (FDs) at higher loan costs than those presented by most business banks.
These FDs give a safe venture choice to the provincial populace and deal ensured returns as interest. The residency of these FDs goes from 7 days to 10 years and the loan fees change from 2.75% p.a. to 7.25% p.a. Financial backers have the choice to rashly pull out their stores or apply for a new line of credit involving their FD speculations as guarantee. Gramin banks likewise offer an extensive variety of other financial items and administrations, including bank accounts, credits, and so on.
Uttar Bihar Gramin Bank 2024 Interest Rate For FD Details
| Bank Name | Uttar Bihar Gramin Bank |
| Article Name | Uttar Bihar Gramin Bank Interest Rate For FD |
| Category | Trending |
| Official Website | Click Here |
About Uttar Bihar Gramin Bank FD
Uttar Bihar Gramin Bank, headquartered at Muzaffarpur, is sponsored by Central Bank of India. The network of 1032 Branches (639 Rural,349 Semi Urban and 44 Urban Branches) and 3430 BC outlets (Sunahara Sapna Kendras) is controlled by 14 regional offices.
The Uttar Bihar Gramin Bank FD is an open-end fund based in the state of Bihar in India. It was established to provide financial services to the public and protect the interests of investors. The fund is managed by a board of directors and a team of professionals. It offers a variety of investment products, including savings accounts, term deposits, and fixed-term bonds.
The Uttar Bihar Gramin Bank FD is considered to be a high-quality fund because it has strong management and solid financial metrics. It has consistently shown growth over time, with an annualized compound yield of more than 6% as of October 2017. The fund’s performance can be attributed to its disciplined investment approach and prudent management. Overall, the Uttar Bihar Gramin Bank FD is a well-located and stable fund that provides good returns for its investors.
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Uttar Bihar Gramin Bank Interest Rate For FD Features & Benefits
- Safe Venture: Gramin FDs are viewed as a protected speculation choice as they are supported by the public authority and deal a decent pace of return.
- Least Venture: You can open a Gramin FD with a base speculation of Rs.100. There is no restriction on the greatest measure of speculation.
- Higher Loan fees: Gramin banks frequently offer higher financing costs on FDs contrasted with different kinds of banks, making them a rewarding speculation choice.
- Adaptable Residency: Gramin FDs are accessible for a large number of residency choices, from a couple of months to quite a while, so you can pick a term that suits your monetary objectives.
- Untimely Withdrawal: Some Gramin banks permit early withdrawal of FDs, albeit this might be dependent upon specific circumstances and may draw in a punishment.
- Credit Office: Some Gramin banks offer an advance office against FDs, permitting you to get against your store while as yet procuring revenue on it.
- Selection Office: Gramin FDs likewise offer a designation office, which permits you to name an individual to get the store in case of your end.
- Simplicity Of Opening: FDs can be handily opened at a Gramin bank office or web based, making them a helpful venture choice.
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Gramin Bank Fixed Deposit Interest Rates
Listed below are the details for top 20 Gramin Banks Fixed Deposits:
| Gramin Bank Name | Interest Rates (Varied Tenors) |
| Bangiya Gramin Vikash Bank | 3% p.a. to 5.75% p.a. |
| Tripura Gramin Bank | 3.35% p.a. to 6.10% p.a. |
| Baroda Gujarat Gramin Bank | Contact the bank |
| Saurashtra Gramin Bank | 3% p.a. to 5.50% p.a. |
| Assam Gramin Vikash Bank | 3% p.a. to 5.75% p.a. |
| Rajasthan Marudhara Gramin Bank | 3% p.a. to 6.25% p.a. |
| Uttarakhand Gramin Bank | Contact the bank |
| Madhyanchal Gramin Bank | 3% p.a. to 6.25% p.a. |
| Kerala Gramin Bank | 3.25% p.a. to 7.65% p.a. |
| Jharkhand Rajya Gramin Bank | 3% p.a. to 5.75% p.a. |
| Sarva Haryana Gramin Bank | 3.50% p.a. to 7.50% p.a. |
| Maharashtra Gramin Bank | 4% p.a. to 6.60% p.a. |
| Karnataka Gramin Bank | 3.25% p.a. to 7.25% p.a. |
| Madhya Pradesh Gramin Bank | 5.00% p.a. to 6.70% p.a. |
| Uttar Bihar Gramin Bank | 3% p.a. to 6.50% p.a. |
| Paschim Banga Gramin Bank | 3% p.a. to 5.70% p.a. |
| Punjab Gramin Bank | 3.50% p.a. to 7.25% p.a. |
| Dakshin Bihar Gramin Bank | 3% p.a. to 6.10% p.a. |
| Uttarbanga Kshetriya Gramin Bank | 2.75% p.a. to 5.60% p.a. |
| Vidarbha Konkan Gramin Bank | 4% p.a. to 7% p.a. |
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How does Uttar Bihar Gramin Bank Fixed Deposit Interest Rate Calculator Work?
Interest is calculated on the total amount deposited in a given period, which is known as the interest period. The interest rate is determined by the bank, which is usually based on the financial condition of the country or the particular institution. In Uttar Bihar Gramin Bank Fixed Deposit Interest Rate Calculator, you can enter your desired deposit amount and choose the desired interest period to calculate your expected return.
The formula used to calculate interest rates varies depending on the type of deposit offered by the bank. For example, if you choose a fixed deposit with a maturity period of one year or more, you will likely be charged a higher interest rate than if you choose a shorter-term deposit with a similar amount.
The Uttar Bihar Gramin Bank Fixed Deposit Interest Rate Calculator uses the following components to determine the interest that is earned on a fixed deposit:
Deposit Amount
A fixed deposit account holder wishes to invest this amount in the fixed deposit. Keep in mind that this amount can only be deposited once, so you must choose the amount to invest based on your investment goals.
Interest Rate
It refers to the interest rate offered by the bank where the FD is opened. It varies depending on the tenure. The interest rate on an FD will not change once it is opened for a specific period of time.
Term of Deposit (FD Tenure)
It refers to the amount invested in an FD over a period of time, which can range from seven days to ten years. You can select the duration in days, months, or an entire year in the calculator.
Compounding of Interest
On a monthly, quarterly, half-yearly, or annual basis, interest can be compounded. It can also be a straightforward interest. You must enter it based on the bank’s offer.
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