Andhra Pragathi Grameena Bank (APGB) offers attractive FD options. APGB FD rates start at 3.50% and go up to 7.50%, including senior citizens for deposits under ₹1 crore. APGB FD rates for above ₹1 cr and above, start at 3.40 and go up to 7.35%. 

With flexible tenures ranging from 7 days to 120 months and the option to receive interest monthly or quarterly, APGB makes it easy to tailor your investment to your goals, combining security, flexibility, and steady growth.

APGB FD Rates for Senior Citizens offer 0.50% higher interest across all slabs. Super Senior Citizens receive 0.75% more.

• Bank staff, their spouses, and the families of retired or deceased employees get 1.00% extra up to ₹150 lakh.
• Senior retired staff and their spouses earn 1.50% more, with 0.75% additional for Super Seniors.

Term Wise APGB FD Interest Rates

APGB FD rates offer safe and consistent growth across different tenures. You can choose the duration that best fits your goals:

1. Short-term FD: Ranges from 7 days to 12 months offering interest rates between 3.50% and 6.40% p.a. Ideal for short-term needs and quick liquidity.
2. Medium-term FD: Covers 1 to 2 years with interest rate going up to 7.50% for senior citizens and 7.00% for general citizens. Suitable for building savings with reliable returns.
3. Long-term FD: Extends from 2 to 10 years offering 6.65% to general citizens and an additional 0.50% to senior citizens. It is perfect for long-term financial goals and wealth stability.

Example:

Mr Mehra invests ₹1,50,000 for 2 years at 7.65% quarterly. On maturity, he receives ₹21,488, earning ₹1,71,488 in total. 

Benefits of APGB FD Rates

APGB FDs offer guaranteed returns with almost no risk. With DICGC insurance cover of up to ₹5 lakh, your money stays secure. The other benefits are:

1. Tax-Saving Advantage: Investors can claim deductions up to ₹1.5 lakh under Section 80C on 5-year tax-saving deposits.
2. Fixed Returns and Flexible Tenure: Interest remains constant throughout the tenure. Choose periods from 7 days to 10 years to meet your goals.
3. Multiple Deposit Options: Select cumulative FDs for lump-sum maturity or non-cumulative FDs for regular payouts as per your preference.

Eligibility to Avail APGB FD Interest Rates

Anyone who is a resident of India, NRI, minor (under guardian), HUFs, companies, or trusts are eligible to invest in fixed deposits. Each category must meet specific documentation norms.

However, for full eligibility details, visit your nearest APGB branch or contact customer support.

Documents Required to Avail APGB Fixed Deposit Rates

As per RBI guidelines, APGB follows strict KYC norms for customer security. The FD KYC documents include PAN, Aadhaar, Passport, Voter ID, Driving Licence, and NREGA Job Card. Moreover, ensure all details match your bank records for smooth verification.

Premature Withdrawal and Overdraft Against APGB Fixed Deposit

Premature withdrawal or overdraft is not allowed for 5-year tax-saver FDs. For other deposits, customers can check specific terms with APGB. You can also contact customer support at 18004256708 or email for further assistance.

Tax on APGB Fixed Deposit Interest

Interest from APGB fixed deposits is fully taxable under your income slab. TDS applies when annual interest crosses ₹40,000, and for senior citizens, it is ₹50,000.

Senior citizens can claim deductions up to ₹50,000 under Section 80TTB, while 5-year tax-saver deposits qualify for a ₹1.5 lakh deduction under Section 80C.

The minimum tenure for tax-saver deposits is 60 months. Senior citizens earn an additional 0.50% interest, and a nomination facility is available.

APGB Fixed Deposit Calculator

To estimate your returns on APGB FD Rates, use the following calculator.

For example, Mrs Reddy, a senior citizen, invests ₹80,000 in an APGB FD for 1.5 years at 7.60% interest compounded annually. She earns ₹9,292 as interest and receives ₹89,292 on maturity.

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Why Should You Book an FD with Stable Money?

Stable Money allows you to compare various banks’ tenures and interest rates so you can make an informed choice. Moreover, you can book FDs online without opening a new savings account.

Banks on Stable Money give returns up to 8.15%. However, Stable Money's quarterly compounding increases effective returns to 8.40%, with the interest amount adding up every quarter.

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