Tripura Gramin Bank RD Interest Rates
TGB is a Regional Rural Bank that was formed on December 21, 1976, in accordance with the provisions of the Regional Rural Banks Act 1976. Punjab National Bank sponsors the bank, which is jointly owned by the Government of India, the Government of Tripura, and Punjab National Bank.
Features of Tripura Gramin Bank RD Interest Rates
Recurring Deposit at Tripura Gramin Bank
Tripura Gramin Bank provides you with the ability to build up capital over time by making daily monthly deposits of a fixed amount. It provides you with a variety of RD choices, ranging from a minimum of 12 months to a maximum of 120 months. An RD’s maximum deposit volume is unlimited. When you open your RD account, you must have instructions for the disposition of maturity proceeds. Loans or overdrafts of up to 90% of the deposited amount are open. The rate of interest on RDs is the same as that on term deposits. Both Senior Citizens aged 60 and up will be charged at a rate that is 0.50 percent higher than the general consumer rate.
Tripura Gramin Bank Recurring Interest Rates
| Maturity Period | Interest Rate (p.a.) |
| Year 1 | 5.80% |
| Year 2 | 5.30% |
| Year 3 | 5.30% |
| Year 4 | 5.30% |
| Year 5 | 5.30% |
Disclaimer: The Recurring Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Website
RD Interest Calculation of Tripura Grameen Bank
The RD Interest Rate Calculator’s performance
The output depends on the following factors (Monthly Number, Length, and Interest Rate) as follows:
Amount of the Deposit
It will reveal the cumulative amount you have deposited in RD over the course of its entire tenure.
Sum of Maturity
It will reveal your RD’s maturity value after it has served its full term. It is determined by the amount deposited, the term of the RD, and the rate of interest on the RD.
Earned Interest
It displays the cumulative amount of interest received on your RD. It’s the difference between the deposit volume and the maturity value.
News Snippets Tripura Grameen Bank
Tripura’s rural bank makes a record profit of Rs. 35.35 crore
Tripura Gramin Bank, one of India’s 84 Regional Rural Banks, had the highest profit among Tripura’s RRBs.
Tripura Gramin Bank earns Rs 35.35 crore in net profit.
The Tripura Gramin Bank (TGB) declared on Sunday that it had made a net profit of Rs 35.35 crore in the previous financial year.
FAQ’s
✅ Is it possible to deposit monthly installments in an RD account?
No, separate monthly payments cannot be deposited in a standard RD account. Some banks, on the other hand, offer Flexi RDs, which allow customers to deposit any amount at any time during the term without having to make monthly deposits.
✅ Will RD interest be subject to TDS?
TDS will not be deducted if the interest gained on the RD is less than Rs 10,000. If it crosses the cap of Rs 10,000, a 10% TDS will be applied. If your income is not taxable, you can escape TDS exclusion by filing Form 15G (for non-senior citizens)/ Form 15H (for senior citizens).
✅ How long does the RD account last?
Most banks offer RDs with terms ranging from 6 to 120 months (10 years). A 240-month RD is also available from some banks.
✅ Is there a limit to the amount of RD money I can deposit per month?
No, there is no limit to the amount of RD money you can deposit per month. You can set any sum based on your financial goals and priorities, as well as your financial resources.
✅ How does the calculator measure the RD maturity value?
The maturity value is determined using the deposit amount (monthly installment), the term, and the RD interest rate. It employs the interest compounding formula.