• Jammu and Kashmir (J&K) Bank Fixed Deposit Rates 2019

    Jammu and Kashmir (J&K) Bank, established in 1938, is a well-known bank in the country and is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). J&K Bank offers a variety of financial services which includes Fixed Deposits (FDs). The bank pays an attractive interest rate on all domestic term deposits that are less than Rs.1 crore, more than Rs.1 crore to less than Rs.5 crore and deposits more than Rs.5 crore.

    Minimum and Maximum Jammu and Kashmir Bank fd interest rates 2019 for Regular and Senior Citizen
    Jammu and Kashmir Bank FD Rates

    Features of fixed deposits offered by Jammu & Kashmir Bank

    • The fixed deposit account can be opened by an individual or a group of people, minors with the help of a guardian, Hindu Undivided Families (HUFs), public and private companies and also various partnership firms
    • The minimum amount needed to open the account is Rs.100.
    • Interest is fixed and paid only on a quarterly basis or at the time of maturity.
    • The minimum tenure for this fixed deposit account is 7 days and the maximum is 10 years.

    Jammu & Kashmir Bank FD Rates: Rs.1 Crore To Rs.5 Crores

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    7 days to 1 month

    5.25%

    5.75%

    31 days to 45 days

    5.50%

    6.00%

    46 days to 3 months

    6.00%

    6.50%

    91 days to 6 months

    6.50%

    7.00%

    181 days to 9 months

    6.50%

    7.00%

    271 days upto 365 days

    6.75%

    7.25%

    365 days to less than 2 years

    7.25%

    7.75%

    2 years to below 3 years

    7.25%

    7.75%

    3 years to below 5 years

    7.00%

    7.50%

    5 years to below 10 years

    6.75%

    7.25%

    • The rate of interest on a short-term and medium-term basis ranges from 5.25% per annum to 7.25% per annum for regular citizens.
    • For senior citizens under the same tenure, interest rates are between 5.75% per annum to 7.75% per annum.
    • For regular citizens, on a long-term basis, the interest rates are 7.00% per annum between 3 years to below 5 years and 6.75% per annum for 5 years and below 10 years.
    • On a long-term basis, the interest rates are 7.50% per annum between 3 years to below 5 years and 7.25% per annum for 5 years and below 10 years, for regular citizens.

    Rates Of Interest For Fixed Deposits Of Above Rs.5 Crores -

    The fixed deposits which amount to more than Rs.5 crores are only applicable for a tenure of 1 year and upto 3 years.

    Tenure Interest Rate(P.A.)

    More than 12 months to less than 18 months

    Rate of interest issued by the Asset and Liability Management Department for a fixed deposit of Rs. 1 crore to less than Rs.5 crore for a period of 1 year.

    OR

    Card Rate issued on daily basis by the Treasury Operations on Corporate Deposits for a period of 1 year and for a similar deposit amount.

    More than 18 months up to 36 months

    Interest rate for (More than 1 year and less than 18 months) + 0.10%

    Interest Rates Of Fixed Deposits For NRIs.

    Jammu & Kashmir bank also offers fixed deposit options for Non-Resident Indians living abroad. The bank makes it easy for them to deposit their money and also attain a good interest rate.

    With the provision of FNCR deposits and RFC deposits, NRIs can deposit their money in the foreign currency as well.

    J & K NRE FD Rates

    Tenure bracket

    Rate of interest

    (Less than Rs.1 crore) % p.a.

    Rate of interest

    (Rs.1 crore to less than Rs.5 crore) % p.a.

    1 year and less than 24 months

    7.00%

    7.25%

    2 years and less than 36 months

    7.00%

    7.25%

    3 years and less than 60 months

    6.25%

    7.00%

    5 years to 120 months

    6.25%

    6.50%

    • The minimum tenure for an NRE fixed deposit is 1 year.
    • For a deposit of less than Rs.1 crore, the rate of interest is 7.00% per annum for a tenure between 1 year to 3 years and 6.25% per annum for a tenure of 3 years to 10 years.
    • The rate of interest is 7.25% per annum for a tenure between 1 year to 3 years for a deposit of more than Rs.1 crore to less than Rs.5 crore. For 3 years to 5 years, the rate of interest is 7.00% per annum and 6.50% per annum for a tenure between 5 years to 10 years.

    J & K FCNR FD Rates

    Tenure/Currency GBP USD EUR CAD AUD JPY

    1 year to less than 2 years

    1.69%

    3.53%

    0.51%

    3.15%

    2.72%

    0.80%

    2 years to less than 3 years

    1.90%

    3.73%

    0.65%

    3.28%

    2.80%

    0.82%

    3 years to less than 4 years

    2.03%

    3.76%

    0.84%

    3.36%

    2.89%

    0.85%

    4 years to less than 5 years

    2.12%

    3.77%

    0.99%

    5 years only

    2.19%

    3.80%

    1.14%

    • Currency will be accepted in the Canadian Dollar, Australian Dollar and the Japanese Yen for a tenure only upto 3 years.

    J & K NRE FD Rates

    Tenure

    Rate of interest

    (less than Rs.1 crore) p.a.

    Rate of interest

    ( Rs.1 crore to less than Rs.5 crore) p.a.

    7 days to 1 month

    5.00%

    5.25%

    31 days to 45 days

    5.50%

    5.50%

    46 days to 3 months

    6.00%

    6.00%

    91 days to 6 months

    6.25%

    6.50%

    181 days to 9 months

    6.35%

    6.50%

    271 days up to 365 days

    6.50%

    6.75%

    365 days to less than 2 years

    7.00%

    7.25%

    2 years to below 3 years

    7.00%

    7.25%

    3 years to below 5 years

    6.25%

    7.00%

    5 years to below 10 years

    6.25%

    6.50%

    • For a deposit of less than Rs.1 crore, the interest rate on short-term and medium-term deposits range from 5.00% per annum to 7.00% per annum.
    • However, the deposits which are more than Rs.1 crore and less than Rs.5 crore, the rate of interest range from 5.25% per annum to 7.25% per annum.
    • On a long-term deposit, the rate of interest is 6.25% per annum for deposits below Rs.1 crore.
    • For deposits more than Rs.1 crore and less than Rs.5 crore, the rate of interest for long-term deposits, is 7.00% per annum for a tenure of 3 years to less than 5 years. For 5 years up to 10 years, the rate of interest is 6.50% per annum.

    J & K RFC FD Rates

    Tenure/Currency GBP

    (Interest % p.a)

    USD

    (Interest % p.a)

    JPY

    (Interest % p.a)

    EUR

    (Interest % p.a)

    1 month to less than 6 months

    0.36%

    1.13%

    NA

    NA

    6 months to less than 1 year

    0.45%

    1.30%

    NA

    NA

    1 year to less than 2 years

    1.69%

    3.53%

    0.51%

    0.80%

    2 years to less than 3 years

    1.90%

    3.73%

    0.65%

    0.82%

    3 years only

    2.03%

    3.76%

    0.84%

    0.85%

    • Currency in Euro and the Japanese Yen will not be applicable for a tenure of 1 month to less than 6 months and from 6 months to less than 1 year.

    Know more about J&K Bank term deposits

    Apply for Jammu and Kashmir Bank fixed deposits online

    It is very easy to apply for a term deposit online and this can be done online through the bank website. Existing account holders can easily open an FD account by logging on their internet banking accounts.

    Jammu and Kashmir NRO and NRE fixed deposits

    The bank also offers fixed deposits to Non-Resident Indians (NRIs) in the form of NRO and NRE FD accounts. Generally, the interest rates that are offered on them are pretty similar to what is paid on domestic term deposits. These accounts come with a repatriable facility.

    FCNR deposits

    J&K Bank also offers a wide range of FCNR accounts. All FCNR deposits can be maintained in most major foreign currencies in the world. This may include USD, CAD, AUD, EURO, and JPY. The interest that may be gained from such a deposit account is generally not subject to any type of tax in the home country.

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    Jammu and Kashmir Bank Fixed Deposit Reviews

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