Jammu and Kashmir (J&K) Bank Fixed Deposit Rates 2020

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.

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.

Best Jammu & Kashmir Bank FD Rates

Tenure Regular FD rates p.a.
7 days to 1 month 3.00%
31 days to 45 days 3.25%
46 days to 3 months 3.75%
91 days to 6 months 4.10%
181 days to 9 months 4.40%
271 days up to 365 days 4.75%
365 days to less than 2 years 5.25%
2 years to below 3 years 5.30%
3 years to below 5 years 5.30%
5 years to below 10 years 5.30%

*The Jammu & Kashmir Bank Domestic term deposit rates are subject to change as per the discretion of the bank. The rates provided above are effective as of July 2020.

* Domestic term deposits for all senior citizens will be 0.50% additional rate across all maturities.

  • On the short-term and medium-term basis, the rate of interest for regular citizens ranges from 3.00% per annum to 5.3% per annum.
  • For senior citizens, the rate of interest is 0.5% additional.
  • The highest rate of interest paid by the bank is 5.3% per annum, which is gained during a tenure that ranges from 2 years up to 10 years for regular citizens. The rate paid is 7.50% per annum for senior citizens for the same tenure.

Jammu & Kashmir Bank FD Rates: Rs.2 Crore to Rs.5 Crores

Tenure Bracket Regular FD rates (per annum)
7 days to 1 month 3.00%
31 days to 45 days 3.10%
46 days to 3 months 3.25%
91 days to 6 months 3.50%
181 days to 9 months 4.00%
271 days up to 365 days 4.00%
365 days to less than 2 years 4.50%
2 years to below 3 years 4.50%
3 years to below 5 years 4.50%
5 years to below 10 years 4.50%
  • The rate of interest on a short-term and medium-term basis ranges from 3.00% per annum to 4.5% per annum for regular citizens.
  • Domestic term deposits for all senior citizens will be 0.50% additional rate across all maturities.
  • For regular citizens, on a long-term basis, the interest rates is 4.5%.

Rates Of Interest For Non-withdrawable Term Deposits

Maturity Period Deposit Type Revised Interest Rates per Annum (Non-Withdrawable)
For Rs 2.00 Crs to Rs 2.50 Crs Above Rs 2.50 Crs to Less than Rs 5.00 Crs
91 days to 180 days Domestic/NRO 3.60% 3.60%
181 days to 270 days Domestic/NRO 4.10% 4.10%
271 days to less than 1 year Domestic/NRO 4.35% 4.35%
1 year to less than 2 years Domestic/NRO/NRE 4.60% 4.60%
2 year to less than 3 years Domestic/NRO/NRE 4.60% 4.60%

The interest rates applicable on FCNR (B) deposits for the month of July 2020 shall be as under:

FCNR(B)
FCY 1year<2years 2year<3years 3year<4years 4year<5years 5years only
USD 1.12 1.08 1.09 1.12 1.18
GBP 0.99 1.03 1.03 1.05 1.07
EUR 0 0 0 0 0
JPY * 0 0 0 - -
CAD* 1.69 1.43 1.48 - -
AUD * 1.02 1.05 1.1 - -

*Deposits for a maximum period of 3 years only

The interest rates applicable on RFC deposits for the month of July 2020 shall be as under:

RFC Deposits
Period USD GBP EUR JPY
1 Month< 6 Months 0.08 0.05 0 0
6 Month < 1 Year 0.18 0.15 0 0
1 Year < 2 Years 1.12 0.99 0 0
2 Years < 3 Years 1.08 1.03 0 0
3 Years 1.09 1.03 0 0

RFC Saving Deposits

Currency USD GBP EUR JPY
0.02 0.01 0 0

The revised interest rates shall be applicable on fresh deposits and renewal of maturing deposits.

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