What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

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Want to Achieve any of the below Goals upto 80% faster?

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Want to Achieve any of the below
Goals upto 80% faster?

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Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

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Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

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Retirement

1st Crore

Top Fixed Deposit Rates: Andhra Pragathi Grameena Bank

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Top Fixed Deposit Rates: Andhra Pragathi Grameena Bank

Mar 22, 2024

15 Mins

Andhra Pragathi Grameena Bank has recently announced its fixed deposit interest rates for the current year. These rates vary depending on the tenure of the deposit and whether the depositor is a normal citizen or a senior citizen.

For a tenure of 7 days to 1 month and 14 days, the interest rate for both normal citizens and senior citizens is 4%. This rate increases to 5.25% for a tenure of 1 month and 15 days to 2 months and 29 days. Similarly, for a tenure of 2 months and 30 days to 5 months and 26 days, the interest rate is 5.5%.

The highest interest rate of 7.6% is offered for a tenure of 5 years to 9 years and 11 months and 26 days, but this rate is applicable for senior citizens only. Normal citizens can earn a maximum interest rate of 7.1% for a tenure of 1 year.

Andhra Pragathi Grameena Bank was established on June 1, 2006, through the merger of Rayalaseema Grameena Bank, Sri Anantha Grameena Bank, and Pinakini Grameena Bank. The bank operates under the Regional Rural Banks Act of 1976, with its Head Office located in Kadapa. It has a total of 552 branches serving customers across 5 districts.

Minimum deposit for an Andhra Pragathi Grameena Bank fixed deposit is ₹ 500, with no maximum deposit limit specified. The bank also offers the option of flexible tenure and partial withdrawal facility. Additionally, customers can track their existing fixed deposits through the bank's services.

For investors considering Andhra Pragathi Grameena Bank fixed deposits, here are some examples of returns based on different investment amounts. For a 3-year investment with an interest rate of 7%, an investment of ₹ 50,000 would yield a maturity amount of ₹ 61,646, while an investment of ₹ 10 lakh would yield ₹ 12,32,926. For a 5-year investment with the same interest rate, ₹ 50,000 would yield ₹ 70,881, and ₹ 10 lakh would yield ₹ 14,17,625.

It's important to compare fixed deposit rates across different banks before making any investment decision. Some other banks offering competitive interest rates include Utkal Grameen Bank, Punjab and Sind Bank, and Saptagiri Grameena Bank.