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The bank also offers various fixed deposit products for NRIs, such as NRE, NRO and FCNR fixed deposits. The bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP) and EUR.
Highlights for NKGSB Fixed Deposit
| Highest slab rate | 7.00% p.a. (16 months – 24 months) |
| For 1 year | 6.75% p.a. |
| For 2 years | 7.00% p.a. |
| For 3 years | 6.65% p.a. |
| For 4 years | 6.60% p.a. |
| For 5 years | 6.60% p.a. |
| Tax-Saving FD (5 Year – No premature payment) | 6.60% p.a. |
The interest rates are updated as of 26 August 2025
Book FDs at Interest rate upto 8.00% p.a
Manage all FDs in one place
No Bank A/C Required
NKGSB FD Rates
NKGSB Fixed Deposit Rates w.e.f. 2 August 2025
| Tenure (Days/Years) | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 – 44 days | 2.75 | 3.00 |
| 45 – 90 days | 4.00 | 4.50 |
| 91 – 180 days | 5.00 | 5.50 |
| 181 – 364 days | 5.75 | 6.00 |
| 12 months – 15 months | 6.75 | 7.25 |
| 16 months – 24 months | 7.00 | 7.50 |
| 25 months – 36 months | 6.65 | 7.15 |
| Above 3 years – 5 years | 6.60 | 7.10 |
| Above 5 years – 7 years | 6.40 | 6.75 |
| Above 7 years – 10 years | 6.40 | 6.75 |
Annapurna Tax Saver FD
| Tenure | Interest Rates (% p.a.) |
| 5 years | 6.60 |
Types of NKGSB FD Schemes
Short Term Deposit (SDR)
- Minimum deposit amount: Rs 1,000
- Tenure: 7 days to 364 days
- The interest will be paid with the principal on the maturity date
Fixed Deposit (FDR)
- Minimum fixed deposit amount: Rs 1,000
- Tenure: 1 year to 10 years
- The interest will be paid on a quarterly basis
Monthly Income Plan (MIP)
- Minimum deposit amount: Rs 1,000
- Tenure: 1 year to 10 years
- The interest is credited monthly at a discounted rate under the monthly income plan
Annapurna Tax Benefit Deposit Scheme
- Deposit amount: Minimum – 5,000; Maximum – Rs 1.5 lakhs in a financial year
- Tenure: 5 years
- Deposits are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- Depositors are not allowed to prematurely withdraw their fixed deposits under the tax saver FD scheme
- Nomination facility is available
Quarterly Interest Re-Investment Plan (QIRP)
- Minimum deposit amount: Rs 1,000
- Tenure: 1 year to 10 years (in multiples of 3)
- This scheme allows reinvestment of the interest component to the deposit amount and thereby, helps in deriving the power of compounding
- The interest earned on fixed deposits is on a quarterly compounded basis
Automatic Renewal Certificate (ARC)
- Minimum deposit amount: Rs 5,000
- Tenure: Minimum 1 year
- The interest is paid periodically on the basis of the instruction given by the depositor
- The fixed deposit receipt is automatically renewed without interest (only the principal amount) on the due date for 6 times
- Depositor can change their deposit scheme on any date or before the due date
Flexi Quarterly Interest Re-Investment Plan
- Minimum deposit amount: Rs 1,000
- Tenure: 1 year to 10 years (in multiples of 3)
- Depositors can partially withdraw their fixed deposits without the loss of interest of the remaining deposit amount
- The remaining NKGSB fixed deposit amount will continue to earn interest till maturity
Automatic Renewal Certificate with Interest
- NKGSB Bank also offers automatic renewal certificate with an interest facility wherein the fixed deposit receipt is automatically renewed along with the interest amount on the due date for 6 times
- Minimum deposit amount: Rs 5,000
- Tenure: Minimum 1 month
- Depositor has the option to change their deposit scheme on any date or before the due date
Non-Resident (External) NRE Deposit
- Tenure: 1 year
- The NRE deposit account can be opened by a Person of Indian Origin or a Non-resident individual of Indian nationality
- This account is for maintaining foreign currency in Indian rupees
FCNR Deposit
- Minimum deposit amount in USD: USD 5000
- Minimum deposit amount in GBP: GBP 5000
- The deposits will only be accepted in multiples of foreign currency of 500
Loan against Fixed Deposits
- NKGSB Bank also offers loan against fixed deposit facility wherein depositors can avail loans against 90% of their deposits
- This facility is available under short-term deposit, fixed deposit, monthly income plan, Quarterly Interest Re-investment plan, Automatic Renewal Certificate, Flexi Quarterly Interest Re-investment Plan and Automatic Renewal Certificate with Interest
Premature Withdrawal of Fixed Deposits
- All categories of fixed deposits can be prematurely withdrawn except for the Annapurna Tax Benefit Deposit Scheme
- The penal rate is 1% for premature withdrawal of fixed deposits
NKGSB Bank FD Calculator
Depositors can check the FD maturity amount of their NKGSB Bank Fixed Deposits using the FD Calculator. Individuals just need to enter the amount they wish to deposit, the preferred fixed deposit tenure, and the NKGSB FD interest rate to know their FD returns. Alternatively, customers can check the interest and maturity amount for reinvestment schemes using Paisabazaar’s compound interest calculator.