Andhra Pradesh Grameena Vikas Bank FD Fixed Deposit

⋆ Interest Rate 9.99% ⋆

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      Andhra Pradesh Grameena Vikas Bank FD Interest Rates 

      As you know that a Fixed Deposit (FD) is an investment option offered by banks that gives you a higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to the higher returns offered by it.

      Andhra Pradesh Grameena Vikas Bank FD provides an option to deposit lump sum amount for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Andhra Pradesh Grameena Vikas Bank FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Andhra Pradesh Grameena Vikas Bank_ FD, it will start earning an interest based on the tenure of the deposit. The customer is allowed to deposit lump sum money into a fixed deposit only once into his FD account at the time of opening the account with the bank and afterwards he cannot deposit additional money in the same FD account.

      You can also get tax benefits under section 80C of the Income Tax Act on an amount between Rs. 100 to 1.5 lakh by investing in Andhra Pradesh Grameena Vikas Bank FD for a tenure of 5 years or more.

      The following table provides you with Andhra Pradesh Grameena Vikas Bank FD Rates of various tenors. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Andhra Pradesh Grameena Vikas Bank FD for different tenures by clicking on the “calculate” button provided in the table.

      Andhra Pradesh Grameena Vikas Bank Gold Loan Interest Rate Starting 7.0% per annum
      Andhra Pradesh Grameena Vikas Bank Gold Loan Rate Per Gram Rate Per Gram Today is ₹ 5,121
      Andhra Pradesh Grameena Vikas Bank Gold Requirement Minimum 18 Carat
      Andhra Pradesh Grameena Vikas Bank Gold Loan Processing Fee 1% of the Principal Loan Amount
      Andhra Pradesh Grameena Vikas Bank Minimum Loan Amount 90% LTV on Your Gold Market Price
      Andhra Pradesh Grameena Vikas Bank Maximum Loan Amount Up to Rs. 1 Crore (With Income Proof)
      Andhra Pradesh Grameena Vikas Bank Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
      Andhra Pradesh Grameena Vikas Bank Repayment Tenure 3 Months to 36 Months
      Andhra Pradesh Grameena Vikas Bank Gold Loan Schemes Bullet Payment Scheme, EMI Scheme

      Andhra Pradesh Grameena Vikas Bank Fixed Deposit Interest Rates (as of 25 Mar 2021)

      Maturity Period Interest Rate (p.a.)
      30 Days 3.50%
      45 Days 3.50%
      60 Days 3.50%
      90 Days 4.75%
      120 Days 4.75%
      6 Months 5.75%
      9 Months 5.75%
      12 Months 5.75%
      2 Years 5.60%
      3 Years 5.65%
      4 Years 5.65%
      5 Years 5.75%
      10 Years 5.75%

      Features & Benefits: Andhra Pradesh Grameena Vikas Bank Fixed Deposit

      • Competitive interest rates are offered with flexible FD tenures to suit your investment plan.
      • FD account can be opened online or by visiting your nearest Andhra Pradesh Grameena Vikas Bank branch.
      • No cap on the Maximum Amount of FD
      • FD Tenures: 7 days to 10 years
      • Different interest payout options such as monthly, quarterly, etc.
      • Loan/ Overdraft against FD facility is available upto 85% of the FD amount.
      • Easy and fast liquidity options are available.
      • A nomination facility is available.
      • Tax benefit of amount up to Rs 1,50,000, through tax saving term deposit scheme
      • Part withdrawal facility and auto-renewal facilities are also available
      • Senior citizens can enjoy a higher interest rate as compared to regular citizens
      • NRE, NRO and FCNR deposit facility is offered by the bank

      Who is Eligible for Andhra Pradesh Grameena Vikas Bank Fixed Deposit

      Any of the following persons is eligible to invest in fixed deposits (FD):

      • Individual
      • Minor
      • HUF
      • Proprietary Firm
      • Partnership Firm
      • Limited Liability Partnership (LLP)
      • Company
      • Association of Persons (AOP)
      • Body of Individuals (BOI)
      • Local Authority
      • Trust
      • Non-Resident Indian (NRI)
      • Registered Society

      Important Things to Know Before Investing in Fixed Deposits

      • Always compare tenure-wise FD interest rates of different banks before finalizing the bank for opening an FD account, in order to get a maximum interest rate on selected tenure.
      • The tenure for most bank fixed deposits varies from 7 days to 10 years. You should choose the FD Tenure according to your convenience and objective behind the investment.
      • Opt for interest payout options such as monthly or quarterly, if required. Otherwise, choose the cumulative option so that you can receive a lump sum amount when FD gets matured.
      • You can also avail of a loan or overdraft against FD if you have immediate requirement of funds.
      • If your annual income is non-taxable, you can submit Form 15G or Form 15H in order to avoid TDS.
      • Don’t forget to make a nomination in your FD account.
      • If you are a senior citizen then open your FD in a bank that offers extra interest of 0.25% to 0.75% to senior citizens.
      • When you open a fixed deposit online or offline, do not forget to give instructions on what to do on the maturity of your FD. If you do not give any instruction, your fixed deposit will be renewed automatically on maturity.

      Calculation of Interest on FD of Andhra Pradesh Grameena Vikas Bank

      Interest on FD for different tenures is calculated in the following manner:

      1. Simple interest is paid at maturity for fixed deposit tenure of less than 6 months.
      2. Interest is calculated on a quarterly basis for fixed deposit tenure of 6 months & above.
      3. Cumulative Interest/ re-investment interest is calculated every quarter and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
      4. In the case of a monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at a discounted rate over the Standard FD Rate

      Andhra Pradesh Grameena Vikas Bank FD Interest Calculator

      Andhra Pradesh Grameena Vikas Bank FD Interest Calculator is an online financial tool that allows you to calculate the maturity value of your fixed deposit at the interest rate offered by the bank. The amount of FD, interest rate, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

      Automatic Renewal of Bank FD

      Bank FD matures on a specific date. On maturity, if you have not given any specific instructions such as payout or renewal of FD, most of the banks automatically renew the FD for the same period for which it was initially made at the interest rate prevailing on the date of maturity of FD. This is called Automatic Renewal of Bank FD.

      You should choose the option on the account opening form if you do not want the bank to auto-renew your FD. You have 2 options on the account opening form while depositing money in FD, first one is the auto-renew and second one is deposit of amount to your account after maturity. In case you have not mentioned any option on the account opening form then you will need to visit the bank branch on maturity day of your bank FD and opt for credit of the final proceeds of your bank FD into your savings account if you do not want an auto-renewal of your FD.

      Bank FD News Mar 2021

      13-01-2020: SBI revised FD interest rate

      SBI has announced a cut in retail fixed deposits of FD rates. The latest FD rates on SBI deposits is effective from 10th January 2020. The bank has cut the FD rates by 15 bps on long-term deposits maturing in 1 year to 10 years. Now FD interest rate for 7 to 45 days is 4.50%, for 46 to 179 days is 5.50%, for 180 days to 1 year is 5.80% and for 1 year to 10 years is 6.10%.

      09-01-2020: Axis Bank reduced FD interest rate

      Axis Bank reduced interest rates by up to 20 bps from January 9. FDs for less than Rs 2 crore and with the tenor of less than 1 year will earn 6.40%, for the tenor of 5 years to up to 10 years, FD rates are 6.50%.

      07-01-2020: HDFC Bank deposits up by 25% (YoY) in 2019

      The largest private sector lender HDFC Bank’s deposits up by 25% (YoY) in 2019. Its deposits are at Rs 10.67 trillion as of December 31, 2019, growing by 25% as compared to Rs 8.52 trillion as of December 31, 2018.

      24-12-2019: HDFC Bank revised FD interest rate

      The revised rate for FDs maturing in 9 months 1 day to less than 1 year will be 6.05%. Term deposits maturing in 1 year to 2 years will fetch an interest rate of 6.3%, 2-3 years 6.40%, and 3 years to 10 years 6.3%.

      01-12-2019: PNB cuts off FD rates

      With effect from December 1, 2019, FDs for less than Rs 2 crore and the tenor of 271 days to below 1 year will be 6% for general customers and 6.5% for senior citizens. For the tenor of 5 years to up to 10 years, PNB has FD rates of 6.3% for general customers and 6.8% for senior citizens.

      12-11-2019: ICICI Bank reduces FD interest rate

      The interest rates on ICICI Bank FD for less than Rs 2 crore and the tenor of 185 days to 289 days will be 5.75%, for 5 years to up to 10 years will be 6.40% and 6.9% for senior citizens. Its interest rates will be effective from December 7, 2019.

      Andhra Pradesh Grameena Vikas Bank Agricultural Jewel Loan Scheme

      Scheme Agricultural Jewel Loan Scheme
      Interest Rate  Starting at 7%
      Least amount of Loan Depends on the value of the jewel
      Loan period Adjustment of advance sum inside 2 months from the date of reap of yields

      Benefits of Andhra Pradesh Grameena Vikas Bank Agricultural Jewel Loan Scheme

      • For 0.30% of the loan amount, a Minimum of ₹ 300 is charged as a processing fee ranging from more than ₹25,000 – less than ₹ 5 lakh
      • 0.28% of the credit sum, subject to at least Rs.1,500 applicable on more than Rs.5 lakh and less than Rs.1 crore

      Andhra Pradesh Grameena Vikas Bank Gold Loan Overdraft Scheme

      The loan amount is provided as an overdraft facility and works as a Credit Card for the borrower where the customer can spend the money as and when they wish to. The interest is charged only on the amount that is used.

      FAQs About Andhra Pradesh Grameena Vikas Bank Gold Loan

      ✅ What is Andhra Pradesh Grameena Vikas Bank Gold Loan?

      Andhra Pradesh Grameena Vikas Bank Gold Loan is a loan scheme available to meet urgent monetary requirements for anyone owning gold ornaments. Once your gold ornaments are pledged with the bank, the loan amount gets disbursed into your accounts within a few minutes.

      ✅ How can I get the Gold Loan from Andhra Pradesh Grameena Vikas Bank?

      You can get a gold loan from by either personally visiting any of the gold loan offering branch of Andhra Pradesh Grameena Vikas Bank near you or you can apply online with Dialabank by simply filling a form online. After your documentation is done the loan amount will be disbursed into your bank accounts.

      ✅ How much Gold Loan can I get per gram in Andhra Pradesh Grameena Vikas Bank?

      The per gram Gold Loan amount in Andhra Pradesh Grameena Vikas Bank ranges between Rs 2467 – Rs 3314 depending on the purity of gold.

       How does Andhra Pradesh Grameena Vikas Bank Gold Loan work?

      Andhra Pradesh Grameena Vikas Bank Gold Loan is an easy lending scheme through which you can avail a loan by pledging your gold ornaments (18-24 carats) with the bank. On pledging the gold, the loan amount will be instantly credited into your account, which you can pay in the form of SIs, PDS or EMI instalments.

      ✅ What is Gold Loan Interest Rate in Andhra Pradesh Grameena Vikas Bank?

      Gold Loan interest rate in Andhra Pradesh Grameena Vikas Bank starts at 7% per annum. It may vary depending on your eligibility requirements and your loan amount required.

      ✅ How to calculate Gold Loan Interest in Andhra Pradesh Grameena Vikas Bank?

      You can calculate the interest on your Andhra Pradesh Grameena Vikas Bank Gold Loan by simply subtracting the borrowed amount from the payable loan amount. You can use Dialabank’s EMI Calculator which gives you the exact value of your payable amount.

      ✅ What is the loan tenure of Andhra Pradesh Grameena Vikas Bank Bank Gold Loan?

      The loan tenure for the Andhra Pradesh Grameena Vikas Bank Gold loan is from 3 months to 36 months.

      ✅ How much Processing Fee is applicable on Andhra Pradesh Grameena Vikas Bank Gold Loan?

      The processing fee applicable on an Andhra Pradesh Grameena Vikas Bank Gold Loan is 0.7% + GST of the loan amount.

      ✅ What if I can’t pay the interest on Andhra Pradesh Grameena Vikas Bank Gold Loan for 3 months?

      If you cannot repay your Andhra Pradesh Grameena Vikas Bank gold loan for 3 months the bank will remind you to repay the loan amount on time. If you continuously make loan defaults the bank will have all rights to sell your gold ornaments.

      What is the Overdraft Scheme for Andhra Pradesh Grameena Vikas Bank Gold Loan?

      The Overdraft Scheme has a Credit/Loan Limit. They charge interest on the amount utilized.

      What is the Andhra Pradesh Grameena Vikas Bank Gold Loan closure procedure?

      The Gold loan will end after the loan payment is done in full.

      What is the Andhra Pradesh Grameena Vikas Bank customer care number?

      9878981144 is the customer care number.

      ✅ What are Andhra Pradesh Grameena Vikas Bank Gold Loan Preclosure charges?

      The Bank preclosure charges are 2%+GST (Within 3 Months), 0 (After 3 months)

       

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