• Jana Small Finance Fixed Deposit

    Jana Small Finance Bank is the largest Micro Finance Institution (MFI) in India. The bank offers regular fixed deposits as well as FD plus fixed deposits. The interest rates offered by the bank ranges from 6% p.a. to 9% p.a. for different tenures.

    The highest FD interest rate offered by the bank is 9% p.a. for a tenure of 3 years. Meanwhile, senior citizens are offered an additional interest of 0.60% p.a. on all tenures.

    Interest Rates for Regular Fixed Deposits

    Tenure Interest rate for senior citizens (p.a.) Interest rate for general public (p.a.)

    7 days - 45 days

    6.60%

    6%

    46 days - 60 days

    7.10%

    6.50%

    61 days - 180 days

    7.60%

    7%

    181 days - 1 year

    9.10%

    8.50%

    Over 1 year up to 2 years

    9.10%

    8.50%

    Over 2 years up to 3 years

    9.10%

    8.50%

    3 years

    9.60%

    9%

    Over 3 years up to 5 years

    9.10%

    8.50%

    Over 5 years up to 10 years

    7.60%

    7%

    Note: Rates are effective as of 31 January 2019.

    Jana Small Financial Bank is offering a maximum interest rate of 9% on fixed deposits for 3 years. It should be noted that the aforementioned rates for fixed deposit are applicable to deposits less than Rs.2 crore.

    In case you want to opt for premature withdrawal, you will need to pay a penalty which is applicable on the rate of interest for the duration of the deposit. Here are the penalty rates:

    • For fixed deposits of less than Rs.2 crore– 0.5%
    • For fixed deposits equal to greater than Rs.2 crore – 1%

    Know more: Small Finance Bank FD Interest Rates in India 2020

    Interest Rates for FD Plus Deposits

    Period Interest rate Yeild

    7 days - 45 days

    6%

    6%

    46 days - 60 days

    6.50%

    6.50%

    61 days - 180 days

    7.25%

    7.32%

    186 days - 1 year

    8.75%

    9.04%

    Over 1 year - 2 years

    9%

    9.74%

    Over 2 years to less than 3 years

    9%

    10.20%

    3 years

    9.25%

    10.52%

    Over 3 years up to 5 years

    8.50%

    10.46%

    Over 5 years up to 10 years

    7%

    10.03%

    Note the following:

    • The aforementioned rates are applicable to deposit amounts over Rs.15 lakh.
    • The interest rates are subject to change.

    How to apply

    You can visit the nearest branch of Jana Small Finance Bank to open a deposit. You can also contact the bank online following which you can get a service appointment with the bank’s relationship manager.

    Eligibility Criteria

    • Existing as well new customers can open an FD account with Jana Small Finance Bank.
    • Customers such as Individuals, Partnerships, NGO, Proprietorship, Minors, HUF (Hindu Undivided Family), Registered and Unregistered Bodies, Cooperative Societies, Private Limited Organisations, and Trusts can open an FD with the bank.

    Documents Required

    In order to open a fixed deposit, you will need to complete the KYC check with the bank. Identification proof such as PAN or Aadhaar have to be submitted.

    Fixed deposit is a popular form of investment mode as it offers guaranteed returns. It is advised to compare interest rates of different banks before selecting the one that is suitable for you.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.