MarketStock Market

Tripura Gramin Bank FD Tax Saving Fix Deposit

Tripura Gramin Bank FD Save up to Rs. 1.5 lakhs in taxes by investing in tax-saving FDs under section 80C. The 5-year lock-in term for the Tax Saver Fixed Deposit includes restrictions on early withdrawal.

Tripura Gramin Bank FD Interest Rates

TenureNormal Citizen FD RateSenior Citizen FD Rate
7 days – 1 month 14 days3.35%3.35%
1 month 15 days – 1 month 29 days3.5%3.5%
1 month 30 days – 2 months 28 days3.6%3.6%
2 months 29 days – 5 months 27 days3.8%3.8%
5 months 28 days – 11 months 29 days4.55%4.55%
1 year – 1 year 11 months 28 days5.3%5.8%
1 year 11 months 29 days – 9 years 11 months 27 days4.8%5.3%

About Tripura Gramin Bank FD

According to the rules of the Regional Rural Banks Act of 1976, Tripura Gramin Bank (TGB) was created on December 21 as a regional rural bank. Governments of India (50 percent of the share capital deposit), the Government of Tripura (15 percent of the share capital deposit), and Punjab National Bank jointly sponsor and own the bank (35 percent of Share Capital Deposit). In Tripura’s Eight District, TGB has 154 operational branches in total. The Government of India’s Ministry of Finance is the owner.

Also Read: Canara Robeco Mutual Fund Things You Need To Know Before Investing

FD Rate3.35% – 5.3%
FD Rate for Seniors3.35% – 5.8%
Minimum Deposit1000 Rs.
Maximum Deposit1 Crores Rs.

Tripura Gramin Bank FD Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 4.8%For 5 years with interest of 4.8%
₹ 50,000₹ 57728₹ 63532
₹ 1 lakh₹ 115455₹ 127064
₹ 2 lakh₹ 230910₹ 254128
₹ 5 lakh₹ 577276₹ 635320
₹ 10 lakh₹ 1154552₹ 1270641

Is Tripura Gramin Bank FD interest on 5 year FD tax free?

TDS is applied on interest on fixed deposits. Five years of service is the requirement to receive tax advantages. It can, however, be prolonged for a longer period of time.

Also Read: Sundaram Mutual Fund Things You Need To Know Before Investing

Related Articles

Back to top button