Jammu and Kashmir Bank Fixed Deposit Rates 2021

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.

Features Jammu & Kashmir Bank Fixed Deposits

  • 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

Tenure Regular FD rates p.a.
7 days to 1 month 2.90%
31 days to 45 days 3.00%
46 days to 3 months 3.10%
91 days to 6 months 3.25%
181 days to 9 months 3.25%
271 days up to 365 days 4.00%
365 days to less than 2 years 3.75%
2 years to below 3 years 4.00%
3 years to below 5 years 4.00%
5 years to below 10 years 4.00%

*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 11 Decemeber 2020.

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

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 3.35% 3.35%
181 days to 270 days Domestic/NRO 3.35% 3.35%
271 days to less than 1 year Domestic/NRO 4.10% 4.10%
1 year to less than 2 years Domestic/NRO/NRE 3.85% 3.85%
2 year to less than 3 years Domestic/NRO/NRE 4.10% 4.10%

* The rates provided above are effective as of 11 Decemeber 2020.

Jammu & Kashmir Bank FCNR (B) Deposit Rates

FCNR(B)
FCY 1year<2years 2year<3years 3year<4years 4year<5years 5years only
USD 0.97 0.97 0.99 1.11 1.2
GBP 0.76 0.78 0.85 0.9 0.94
EUR 0 0 0 0 0
JPY * 0 0 0 - -
CAD* 1.44 1.27 1.37 - -
AUD * 0.82 0.87 0.76 - -

The above FCNR (B) interest rates are applicable for the month of January 2021.

*Deposits for a maximum period of 3 years only

The interest rates applicable on RFC deposits for the month of January 2021 shall be as under:

RFC Deposits
Period USD GBP EUR JPY
1 Month< 6 Months 0.07 0.02 0 0
6 Month < 1 Year 0.12 0.03 0 0
1 Year < 2 Years 0.97 0.76 0 0
2 Years < 3 Years 0.97 0.78 0 0
3 Years 0.99 0.85 0 0

RFC Saving Deposits

Currency Rate
USD 0.02
GBP 0
EUR 0
JPY 0

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

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