Andhra Pragati Grameena Bank FD Interest rates
Andhra Pragati Grameena bank offers fixed deposit interest rates. These deposit interest rates will depend on your interest rate, tenure time and the amount which you are depositing. These are some of the uses of the Andhra Pragati Grameena bank.
Fixed deposit is a benefit to the people, and they feel like investing money in the banks, and there is no risk to lose the money. You will get interest rates for the fixed deposit. In this way, these fixed deposit interest rates work.
Andhra Pragati Grameena bank fixed deposit features:
There are fixed deposit features present in the Andhra Pragati Grameen bank. Some of the features are:
- FD tenure time: 7 to 10 days
- Loan/overdraft facility: 85 per cent
- NRE deposit facility: Available
- NRO deposit facility: Available
- FCNR deposit facility: Available
- Tax benefits : up to 1,50,000
- Cap of the fixed interest: Unavailable
These are some of the features of the Andhra Pragati Grameena bank. You can use all these fixed deposit features before going to fixed deposit the money.
Andhra Pragati Grameena Bank FD Interest rates
| Tenure | FD Interest rates for general citizens | FD Interest rates for senior citizens |
| 30-45 days | 4.00% | 4.50% |
| 60 days | 4.25% | 4.75% |
| 90-120 days | 4.50% | 5.00% |
| Six months | 5.25% | 5.75% |
| Nine months | 5.50% | 6.00% |
| 12 months- 2 years | 6.00% | 6.50% |
| 3-10 years | 6.10% | 6.60% |
The above provided are some of the fixed deposit interest rates in Andhra Pragati Grameena bank.
Type of Andhra Pragati Grameena bank fixed deposit schemes:
Andhra Pragati Grameena bank offers fixed deposit schemes that can help different people based on their interest rates, interest amount tenure period many more things. Some of the Andhra Pragati Grameena banks fixed deposit schemes are:
- Normally fixed deposit schemes
- Senior citizen fixed deposit schemes
- Tax saving fixed deposit schemes
Average saving fixed deposit scheme:
- A typical saving fixed deposit scheme is common to all banks where you can deposit your amount in the tenure period of 7 days to 10 years.
- Here the fixed deposit interest rate is based on tenure time.
Senior citizen fixed deposit scheme:
- In the senior citizen fixed deposit scheme, people who are above 60 years can be benefited. They can get many interest rates more significant than the savings account.
Tax saving fixed deposit scheme:
- You can get some tax benefits, and you can invest up to 1.5 lakhs.
These are some of the fixed deposit schemes available at the Andhra Pragati Grameena bank.
Documents required to open a fixed deposit account in Andhra Pragati Grameena bank:
If you have to open an account in any bank, then there are some necessities required. For opening an account, you must need a PAN Card, proof of identity, proof of address and all these basic things required to open a fixed deposit account.
And if you are opening a business account, then you can do it by adding some extra additional information to it. Like your business-related documents are required. And if you are opening an account for a trust, you must have a Deed of trust papers that help open an account. These are some of the document required to open a fixe deposit in eth Andhra Pragati Grameena bank.
Andhra Pragati Grameena bank Fixe deposit rates- premature withdrawals:
Premature withdrawals mean you can take the fixe deposit amount before the tenure period. But the bank doesn’t give the money after its tenure period. For this, you need to pay the penalty. Various bank chooses various penalty rates. Generally, most banks choose the 1% penalty.
And Andhra Pragati Grameena ban also charges the same amount foR the premature withdrawals. In this way, you can withdraw your money before the tenure period by premature withdrawals penalty.
Loan against Fixed deposit Andhra Pragati Grameena bank
Generally, if you want to take a loan, you have to make some security t the banks. In this case, your fixed deposit is your security, and you can get your loan.
You can get the loan amount based on the tenure time, interest rates, and how much money di you have deposited and how much money is present at the load time. Using all these things, they can issue an amount of the loan. In this way, you can get a loan against the fixed deposit.
Calculation of Andhra Pragati Grameen bank fixed deposit interest rates:
You can calculate your fixed deposit amount. For calculating the fixed deposit, you need to know some of the things like interest rates, the amount you have deposited and the tenure period. By knowing all these things, you can get the calculation of your fixed deposit amount. In this way, you can calculate the Andhra Pragati Grameena bank.
FD Account opening process at Andhra Pragati Grameena bank:
You can open an account at the Andhra Pragati Grameen bank by visiting your nearest branch. After that, fill out the application form, and then you have to attach the required documents. After that, pay the desired fee, and you can get it according to the type of account. Then after that, you will get a passbook and cheque book. You can use them. And you can apply for the other credit and debit cards online. In this way, you can open an FD Account at Andhra Pragati Grameena bank.
Nomination facility on Andhra Pragati Grameena bank FD
Here nomination facility means you can nominate a person who can check your account status and all interest rates and all these things. You have nominated a nominee for this case. This facility is provided by all other bank sand Andhra Pragati Grameena bank too. In this way, you can use the nomination facility.
Tax benefits on Andhra Pragati Grameena bank Fixed deposit:
Tax benefits are the very most important thing in the Andhra Pragati Grameena bank. Under section 80 C, you can get tax benefits which can have a source of income. As tax us, people who earn money don’t get tax and tax benefits.
In this way, you can get the tax benefits from the Andhra Pragati Grameena bank.
Andhra Pragati Grameena bank News snippets:
Profit rises by 19% in Andhra Pragati Grameena bank
The Andhra Pragati Grameena bank has increased its profits. The entire business has shifted to the syndicate bank, which had sponsored this bank. An increase in profit has benefitted many of their customers based on their interest rates.
Andhra Pragati Grameena bank fixed deposit interest rates- FAQs.
What is the tenure period od the Andhra Pragati Grameena bank?
7days to 10 years
What id the interest rate benefitted from the tax benefits in the Andhra Pragati Grameena bank?
8.03 per cent
What Are the interest rates of the general citizens in the fixed deposit interest rates?
4.00%
