Odisha Gramya bank FD Interest rates
Odisha Gramya Bank has different fixed deposit interest rates. It has a variety of Fixed deposits such as interest rates, fixed deposits amount and tenure time. These are some of the terms in the Odisha Gramya Bank fixed deposits.
Fixed deposit means an investment that is helpful in the growth of the money in your bank by interest rates. With the interest rates, you can increase your money in the banks. In this way, you can use the fixed deposit.
Odisha Gramya bank Fixed deposit features.
Odisha Gramya Bank has different fixed deposit features. Some of the Odisha Gramya bank fixed deposit features are:
- Tenure fixed deposit time: 6 to 10 days
- Tax benefit: 1,50,000
- NRE fixed deposit: Available
- NRO fixed deposit: Available
- FCNR Fixed deposit: Available
- Loan/overdraft facility: 85 per cent
- Nomination facility: Available
- Online account opening: Available
Odisha Gramya Bank FD Interest rates:
| Tenure | FD Interest rates for general citizens | FD Interest rates for senior citizens |
| 30-45 days | 3.50% | 3.50% |
| 60 days | 4.10% | 4.10% |
| 90 days | 4.25% | 4.25% |
| 120 days | 4.50^% | 4.50% |
| 6-9 months | 5.00% | 5.50% |
| 12 months | 5.40% | 5.90% |
| 2-10 years | 5.45% | 5.95% |
Types of Odisha Gramya bank fixed deposit schemes:
There are a lot of schemes present in the Odhisha Gramya bank Fixed deposit schemes. Some of them are:
- Flexi fixed deposit
- Tax saving fixed deposit
- Senior citizen fixed deposit
Flexi fixed deposit:
- In Flexi fixed deposit, you can make your bank savings account link with the fixed deposit.
- In this way, you can get the transactions.
Tax saving fixed deposit:
- In tax-saving fixed deposits, we can save the tax and here, the minimum amount is 10,000.
- Here you can’t withdraw before the tenure time.
Senior citizen fixed deposit:
- In senior citizen fixed deposit, the minimum age to fixed deposit is more than 60 years.
- You can get many more benefits here rather than the saving account.
Required documents to open a fixed deposit account in Odisha Gramya bank:
If you are opening an account in the Odisha Gramya bank, then the documents are the most important. For opening an account, you need to have a PAN Card, proof of address, proof of identity and many more things. For a company, you can get many business proof documents necessary at the opening account.
And if it’s for a trust, you can have a deed of trust with you which can help. In this way, you can open an account at Odisha Gramya bank.
Odisha Gramya bank Fixed deposit rates- Premature withdrawals:
There are premature withdrawals available at the Odisha Gramya bank. Premature withdrawal means you can withdraw the money in advance or before the tenure time. At this time, the bank may ask for a penalty.
For the Odisha Gramya bank, it may lie around 0.5-1%. In this way, you can get all the premature withdrawals.
Loan against the fixed deposit Odisha Gramya bank:
A fixed deposit is very important for getting a loan. Here you can get a loan based on your security. As the loan wants security, you can use the fixed deposit as your security.
You can use a fixed deposit for your loans. Here the fixed deposit is used. In this way, you can use the Odisha Gramya bank fixed deposit.
Calculation of Odisha Gramya bank fixed deposit interest rates:
If you want to calculate the fixed, then you can by knowing some of the terms. You should know your tenure time, interest rates, withdrawal amount and many more things. By knowing all these things, you can withdraw the money and get your fixed deposit. At the end of the tenure, the time bank will give the fixed deposit calculation.
FD Account opening process at Odisha Gramya bank:
Suppose you want to open an account in the Odisha Gramya bank, Y some of the processes. Firstly visit your nearest branch of Odisha Gramya bank. Then do the process as said by the bank manager. After That, they will ask for a fee, pay the fee and get a passbook and cheque book.
You can also get credit card and debit cards by applying there. In this way, you can open an FD account in the Odisha Gramya bank.
Nomination facility on Odisha Gramya bank FD:
You can get a nomination facility in the Odisha Gramya bank. Here you can nominate a person for your account. They can make any change, and they can see your fixed deposit. They can help you with your fixed deposit. In this way, the nominee helps. Using the nomination facility is the best.
Tax benefits on Odisha Gramya bank fixed deposit:
You can get tax benefits on Odisha Gramya bank by section 80 C. Under this section, the people who can get the regular source of income can avail the tax. Otherwise, they can’t. In this case, also the regular income source people can get the tax benefits. Here around 8.05% of the tax is deducted from the fixed deposit. In this way, you can use the fixed deposits.
Odisha Gramya bank news snippets:
Odisha Gramya bank recruitment:
Odisha Gramya Bank is hiring for its banking management position. Interested people can participate in the exam. Then af5ter the exam, you will be able to get the interview round. And the best candidate will be selected from the interview round.
Odisha Gramya bank Fixed deposit Interest rates- FAQs.
What is the general citizen’s percentage of the fixed deposit interest rates from 7-45 days?
3.50%
What is the tax deduction percentage in the tax deduction system?
8.0%%
