Madhya Pradesh Gramin Bank (MPGB) is a nationalised public sector bank, headquartered in Indore, established in 2019. Its headline 1-year FD rate of 6.30% is −0.27% below the public sector average of 6.57%, ranking #25 of 28 public sector banks.
Rates as of 25 Sept 2026, verified from official source. Majority Government-of-India owned — deposits insured by DICGC up to ₹5,00,000.
Estimate returns at MPGB (quarterly compounding)
Rates for deposits below ₹3 crore · General vs Senior · trend over time
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
No additional super-senior premium — showing Senior rates.
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
| Tenure | General | Senior | Trend | Applies to |
|---|---|---|---|---|
7 days to 14 days |
3.00% | — | Below ₹1 crore | |
15 days to 45 days |
3.00% | — | Below ₹1 crore | |
46 days to 90 days |
4.50% | — | Below ₹1 crore | |
91 days to 179 days |
4.25% | — | Below ₹1 crore | |
180 days to 269 days |
5.50% | 6.00% | Below ₹1 crore | |
270 days to 364 days |
5.75% | 6.25% | Below ₹1 crore | |
1 year |
6.30% | 6.80% | Below ₹1 crore | |
Above 1 year to less than 2 years |
6.50% | 7.00% | Below ₹1 crore | |
451 days MPGB 451 days |
6.65% | 7.15% | Below ₹1 crore | |
2 years |
6.30% | 6.80% | Below ₹1 crore | |
Above 2 years to less than 3 years |
6.30% | 6.80% | Below ₹1 crore | |
3 years to less than 5 years |
6.30% | 6.80% | Below ₹1 crore | |
5 years to 10 years |
6.00% | 6.50% | Below ₹1 crore |
Rates for deposits below ₹3 crore · general vs senior citizen · trend over time
| Tenure | General | Senior | Trend | Applies to |
|---|---|---|---|---|
1 year |
6.30% | 6.80% | Any amount | |
Above 1 year to less than 2 years |
6.50% | 7.00% | Any amount | |
2 years |
6.30% | 6.80% | Any amount | |
Above 2 years to less than 3 years |
6.30% | 6.80% | Any amount | |
3 years to less than 5 years |
6.30% | 6.80% | Any amount | |
5 years to 10 years |
6.00% | 6.50% | Any amount |
Rates for deposits below ₹3 crore · general vs senior citizen · trend over time
| Tenure | General | Senior | Trend | Applies to |
|---|---|---|---|---|
Any tenure |
2.70% | 2.70% | Any balance |
Deposits with Madhya Pradesh Gramin Bank are insured by DICGC up to ₹5,00,000 per depositor (principal + interest). Senior citizens (60+) typically earn an extra 0.50% p.a. over the published general rates.
Informational only — always confirm the current rate on the official MPGB website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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