Jammu & Kashmir Bank Flexi Deposit

Jammu & Kashmir Bank offers its customers the facility of flexi deposit where you can deposit variable amounts every into the deposit. 

Updated On - 05 Sep 2025

Deposit Amount

Rs.1,000 and above

Tenure

From 6 months to 10 years

Interest payouts

Interest will be paid on maturity

Premature withdrawal

Allowed (with penalty)

Add-ons

  1. Flexible Credit facility with multiple credits and withdrawals. This is up to 90% of the amount that you have deposited plus the interest accrued.
  2. There is no separate loan requisition, and no execution of loan documents. You do not have to surrender the original Flexi Deposit Receipt.

Eligibility of Jammu & Kashmir Bank Flexi Deposit

  1. An individual
  2. More than one person in joint names.
  3. A minor through a parent or a guardian.
  4. Sole Proprietorship concerns
  5. Partnership firms
  6. Private and Public Limited Companies
  7. HUFs
  8. Associations
  9. Clubs
  10. Societies
  11. Trusts

Documents Required to Apply for the Jammu & Kashmir Bank Flexi Deposit

  1. Application Form
  2. Photograph of depositor/s (2 copies)
  3. Documents as per KYC Norms
  4. PAN Card or Form 60 or 61
  5. Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF's etc

Interest Rates on Term Deposits of less than Rs.2 Crore

Tenure 

Interest Rates for General Public (p.a.) 

Interest Rates for Senior Citizens (p.a.) 

7 to 30 days 

3.50% 

4.00% 

31 to 45 days 

3.50% 

4.00% 

46 to 90 days 

5.25% 

5.75% 

91 to 180 days 

5.50% 

6.00% 

181 to 270 days 

6.25% 

6.75% 

271 days to less than 1 year 

6.25% 

6.75% 

1 Year to less than 2 years 

7.00% 

7.50%                                

2 years to less than 3 years 

7.00% 

7.50% 

3 years to less than 5 years 

6.75% 

7.25% 

5 years to less than 10 years 

6.50% 

7.00% 

Note: These rates are effective from 11 August 2024 and can be changed as per the Bank’s rules and regulations. 

Interest Rates for Withdrawable Term Deposits: Above Rs.2 cr

Maturity Period

Interest Rates for General Public (p.a.)

7 days to 30 days

4.50%

31 days to 45 days

4.50%

46 days to 90 days

5.00%

91 days to 180 days

5.50%

181 days to 270 days

6.25%

271 days to less than 1 Year

6.25%

1 Year to less than 2 years

7.00%

2 years to less than 3 years

6.50%

3 years to less than 5 years

6.25%

5 years to less than 10 years

6.00%

Note: The interest rates are effective since 11 May 2023 and can be changed as per Bank’s rules and regulations.

Interest Rates for Non-Withdrawable Term Deposits: Above Rs.2 cr

Tenure

Interest Rates  for Rs 2.00 Crs to Rs 2.50 Crs (p.a.)

Interest Rates for above Rs 2.50 Crs to less than Rs 5.00 Crs

91 days to 180 days

5.60%

5.60%

181 days to 270 days

6.10%

6.10%

271 days to less than 1 year

6.10%

6.35%

1 year to less than 2 years

6.85-7.10%

7.10%

2 year to less than 3 years

6.60%

6.60%

Note: These interest rates are effective since 11 February 2023 and can be changed as per Bank’s rules and regulations.

FAQs on Jammu & Kashmir Bank Flexi Deposit

  • Is the interest under the Jammu & Kashmir Bank Flexi Deposit applied on simple or compound basis?

    The interest for the Jammu & Kashmir Bank Flexi Deposit is compounded quarterly.

  • What are the tenures available for the Jammu & Kashmir Bank Flexi Deposit for which I can open accounts?

    You can open an account for tenures between 6 months and 10 years.

  • Is there a value addition offered under the Jammu & Kashmir Bank Flexi Deposit?

    Yes, you have a Flexible Credit facility up to 90% (with facility of multiple credits/withdrawals) of the amount deposited and interest accrued.

  • Am I allowed to withdraw my deposit prematurely?

    Yes, but you will be charged an interest on pre-mature withdrawals.

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