Kerala Gramin Bank (KGB) offers FD interest rates of 3.75-7.45% p.a. to senior citizens and of 3.25-7.95% p.a. to other depositors on tenures ranging from 7 days to 10 years. The interest rate on Gramin Tax Saver (GTS) FDs is 7.00% p.a. for senior citizen depositors and 6.50% p.a. to other depositors for tenures of 5 years. The bank also offers two fixed deposit products for NRIs – NRO fixed deposits and NRE fixed deposits.
Kerala Gramin Bank Fixed Deposit Rates Highlights – 2025
| Highest slab rate | 7.45% p.a. (666 days) |
| For 1 year | 6.25% p.a. |
| For 2 years | 6.75% p.a. |
| For 3 years | 6.75% p.a. |
| For 4 years | 7.00% p.a. |
| For 5 years | 6.50% p.a. |
| Tax-Saving FD | 6.50% p.a. |
The interest rates are updated as of 25 November 2024
KGB Bank FD Interest Rate
KGB Bank Fixed Deposit Rates on Domestic/NRO Deposits of less than Rs 1 crore w.e.f. 2 September 2024
| Tenure (Days/Years) | Interest Rates (% p.a.) | |
| Regular Rates | Senior Citizens Rates | |
| 7 – 14 days | 3.25 | 3.75 |
| 15 – 90 days | 4.00 | 4.50 |
| 91 – 179 days | 4.75 | 5.25 |
| 180 – 269 days | 5.75 | 6.25 |
| 270 days – less than 1 year | 5.75 | 6.25 |
| 1 year | 6.25 | 6.75 |
| Above 1 year to less than 15 months | 6.90 | 7.40 |
| 15 months and up to 554 days | 6.75 | 7.25 |
| 555 days only | 7.40 | 7.90 |
| 556 days to 3 years | 6.75 | 7.25 |
| Above 3 years up to less than 5 years | 7.00 | 7.50 |
| 5 years to 10 years | 6.50 | 7.00 |
| 666 days (exclusively for women) | 7.45 | 7.95 |
KGB FD Rates on NRE deposits of less than Rs 1 crore w.e.f. 2 September 2024
| Tenure (Days/Years) | Interest Rates (% p.a.) |
| 1 year | 6.25 |
| Above 1 year to less than 15 years | 6.90 |
| 15 months and up to 554 days | 6.75 |
| 555 days | 7.40 |
| 556 days to 3 years | 6.75 |
| Above 3 years to less than 5 years | 7.00 |
| 5 years to 10 years | 6.50 |
| 666 days (exclusively for women) | 7.45 |
Types of Kerala Gramin Bank (KGB) FD Schemes
Regular Fixed Deposits
- Minimum deposit amount- Rs 1,000
- Tenure – 7 days to 10 years
- Depositors can opt for either a monthly, quarterly, or half-yearly interest pay-out option
- Depositor can avail auto-renewal and nomination facilities on their fixed deposits
KVD – Cumulative Deposit (Re-investment plan)
- Minimum deposit amount – Rs 1,000
- Tenure – 1 year to 10 years (in multiples of 3 months)
- This scheme allows reinvestment of the interest component to the deposit amount. This helps in deriving the power of compounding.
- Nomination and auto-renewal facilities are available
Senior Citizen Fixed Deposits
- Minimum deposit amount- Rs 1,000
- Tenure – 7 days to 10 years
- Additional 0.50% p.a. interest rate is offered to senior citizen FD accountholders
- Interest pay out option on regular fixed deposits – monthly, quarterly and half-yearly
- In case of KVD (cumulative) deposits, interest is paid at the time of maturity on quarterly compounding basis
- Depositors can also avail nomination and auto-renewal facilities
Gramin Tax Saver (GTS) Deposits
- Under Tax Saver FD scheme, deposits are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- Tenure – 5 years
- Depositor can avail nomination facility
- Auto renewal facility is not available
NRE Fixed Deposits
- Minimum deposit amount- Rs 1,000
- Tenure – 1 year to 10 years
- Depositor can opt for either opt for monthly, quarterly or half-yearly interest pay-out option
- Both, nomination and auto renewal facility is available to depositor
NRO Fixed Deposits
- Minimum deposit amount- Rs 1,000
- Tenure – 1 year to 10 years
- Interest pay out option – Monthly, quarterly and half-yearly
- Depositors can auto-renew their fixed deposits
- Nomination facility is also available to accountholders
Loan Against Fixed Deposits
- Loan against FD facility is available on cumulative deposits, regular FDs and senior citizen FDs and NRE deposits.
- Interest rate is charged @ 2% above the fixed deposit rate
- The loan limit will be on the basis of the residual maturity duration of their FDs
- Depositors cannot avail loan against fixed deposits on Tax saver FDs.
Premature Withdrawal on Fixed Deposits
- Premature withdrawal of FD is allowed on regular FDs, cumulative deposits, senior citizen deposits and NRE deposits except Gramin Tax Saver Deposit scheme
- Penal rate is 1% on the applicable interest rate for the corresponding tenure for which the deposit remained with the bank.