Tripura Gramin Bank FD Tax Saving Fix Deposit
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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
| Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
| 7 days – 1 month 14 days | 3.35% | 3.35% |
| 1 month 15 days – 1 month 29 days | 3.5% | 3.5% |
| 1 month 30 days – 2 months 28 days | 3.6% | 3.6% |
| 2 months 29 days – 5 months 27 days | 3.8% | 3.8% |
| 5 months 28 days – 11 months 29 days | 4.55% | 4.55% |
| 1 year – 1 year 11 months 28 days | 5.3% | 5.8% |
| 1 year 11 months 29 days – 9 years 11 months 27 days | 4.8% | 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.
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| FD Rate | 3.35% – 5.3% |
| FD Rate for Seniors | 3.35% – 5.8% |
| Minimum Deposit | 1000 Rs. |
| Maximum Deposit | 1 Crores Rs. |
Tripura Gramin Bank FD Returns Based on Investment Amount
| Investment Amount | For 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.
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