Assam Gramin Vikash Bank 2023:- The Ministry of Finance of the Indian Government is in charge of running Assam Gramin Vikash Bank. Fixed deposits for seven days to ten years are available to investors at the Bank. In addition to investing, customers of Assam Gramin Vikash Bank who have fixed deposits can take advantage of tax breaks.
The only regional rural bank (RRB) in Assam is the Assam Gramin Vikash Bank (AGVB), which is owned by the Ministry of Finance. Customers of the bank can take advantage of fixed deposit plans with lucrative interest rates of up to 6% per year. The FD programs are available for seven days to ten years.
Assam Gramin Vikash Bank 2023
A set amount of money is deposited in an Assam Gramin Vikash Bank 2023 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.
Assam Gramin Vikash Bank 2023 Details
| Bank Name | Assam Gramin Vikash Bank |
| Article Name | Assam Gramin Vikash Bank Interest Rate For FD |
| Category | Trending |
| Official Website | www.agvbank.co.in |
About Assam Gramin Vikash Bank
I will take over as Chairman of Assam Gramin Vikash Bank and join the AGVB family on March 1, 2021. Being a part of this prestigious family, which includes thousands of satisfied and trustworthy customers, enthusiastic employees, and other stakeholders from all social strata in the state of Assam, is a privilege of a lifetime. Since its inception four decades ago, the AGVB has provided yeomen’s service to the rural populace and underprivileged segments of our society as well as to all citizens of Assam. Not only will we continue to serve this rural sector, but we are also determined to improve our services to the state of Assam’s marginal farmers, entrepreneurs, and businesspeople.
As a rural bank for the state of Assam, we have a special responsibility to help the state’s economy grow, and we are working to get involved in the government’s special linkage program for women, tribal people, and young people so that more people can get out of poverty and live sustainably in the area. Assam’s handloom, Assam Silk, raw rice, medicinal herbs, and other distinctive products had already distinguished the state. There is a niche export market for many of these products as well.
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Assam Gramin Vikash Bank Fixed Deposit Interest Rates: Things to Know!
Through its strong network of 473 branches, Assam Gramin Vikash Bank (AGVB) covers the entire state’s territory. It was established through merger. In addition, with effect from April 1, 2020, the sponsorship of the bank has been transferred to Punjab National Bank as a result of the merger of United Bank of India and Punjab National Bank. A few things one must know about are:
- Fixed store financial backers can get loan fees from 4% p.a. to 6% p.a. as the picked FD residency.
- Putting resources into is a gainful choice for senior residents, as it is one among the couple of little money banks that offer senior residents higher loan costs.
- The Bank pays straightforward premium at development on the proper store for a store time of under a half year.
- For a proper store term of a half year or over, the Bank works out revenue quarterly.
- Any Total Interest on the stores is determined quarterly.
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Assam Gramin Vikash Bank Fixed Deposit Rates 2023
Allude to the table beneath to know the Assam Gramin Vikash Bank Fixed Store Rates for 2023.
| Policy Period | Interest Rates for Deposits up to Rs. 1 Crore | Interest Rates for Deposits above Rs. 1 Crore |
| 7 days to 14 days | 3.25% | 3% |
| 15 days to 29 days | 3.25% | 3% |
| 30 days to 45 days | 3.25% | 3% |
| 46 days to 60 days | 4.00% | 3% |
| 61 days to 90 days | 4.00% | 3% |
| 91 days to 179 days | 4.00% | 3% |
| 180 days | 4.60% | 3% |
| 181 days to 269 days | 4.75% | 3% |
| 270 days to less than 1 year | 4.75% | 3% |
| 12 Months | 5.5% | 3.25% |
| Above 1 year to less than 2 years | 5.25% | 3.25% |
| 2 years to less than 3 years | 5.25% | 3.25% |
| 3 years to less than 5 years | 5.5% | 3.25% |
| 5 years and Above | 5.5% | 3.25% |
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Assam Gramin Vikash Bank Fixed Deposit Rates 2023 for Senior Citizens
Senior citizens enjoy higher interest rates for their fixed deposit accounts than regular customers. Assam Gramin Vikash Bank offers an additional 0.5% for deposits of 1 year and above made by the elderly. The following table shows the fixed deposit rates for senior citizens offered by.
| Policy Period | Interest Rates for Deposits up to Rs. 1 Crore | Interest Rates for Deposits above Rs. 1 Crore |
| 7 days to 14 days | 3.25% | 3% |
| 15 days to 29 days | 3.25% | 3% |
| 30 days to 45 days | 3.25% | 3% |
| 46 days to 60 days | 4.00% | 3% |
| 61 days to 90 days | 4.00% | 3% |
| 91 days to 179 days | 4.00% | 3% |
| 180 days | 4.60% | 3% |
| 181 days to 269 days | 4.75% | 3% |
| 270 days to less than 1 year | 4.75% | 3% |
| 12 Months | 6.0% | 3.75% |
| Above 1 year to less than 2 years | 5.75% | 3.75% |
| 2 years to less than 3 years | 5.75% | 3.75% |
| 3 years to less than 5 years | 6.0% | 3.75% |
| 5 years and Above | 6.0% | 3.75% |
Assam Gramin Vikash Bank Fixed Deposit Interest Rate Calculator
Official website Visit www.agvbank.co.in Fixed Store number cruncher is a simple to-utilize, bother free device that assists in speedy estimation of the development with summing and the premium procured receivable toward the finish of the approach residency. By entering a few fundamental subtleties, you can compute the right FD sum. Here are the means that a financial backer requirements to follow to work out Fixed Store rates on the FD Adding machine.
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How Does Assam Gramin Vikash Bank Fixed Deposit Interest Rate Calculator Work?
Looking to invest in a fixed deposit with Assam Gramin Vikash Bank? Our interest rate calculator can help you find the best option for you. Simply enter your desired investment amount, select the term of the deposit (between 1 and 5 years), and our calculator will provide you with an accurate estimate of the bank’s interest rate. So whether you’re looking to lock in a low interest rate or take advantage of current market conditions, our calculator is perfect for you. Thanks for visiting. Using the following components, the Fixed Deposit Interest Rate Calculator determines the interest earned on a fixed deposit:
Deposit Amount
A fixed deposit account holder wishes to invest this amount in the fixed deposit. Principal is also a name for it. Keep in mind that this amount can only be deposited once, so you should 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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