• Jana Small Finance Bank FD Rates

    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 2.50% p.a. to 6.50% p.a. for tenures ranging from 7 days to 10 years. The highest FD interest rate offered by the bank is 7.25% p.a. on a term deposits opened for a tenure that ranges between 3 years 1 day and 5 years. Meanwhile, senior citizens are offered an additional interest of 0.50% p.a. on all fixed deposit tenures.

    Interest Rates for Regular Fixed Deposits below Rs.2 Crore

    Tenure Interest rate for general public (p.a.) Interest rate for senior citizens (p.a.)
    7 days to 14 days 2.50% 3.00%
    15 days to 60 days 3.00% 3.50%
    61 days to 90 days 3.75% 4.25%
    91 days to 180 days 4.50% 5.00%
    181 days to 364 days 6.00% 6.50%
    365 days 6.75% 7.25%
    1 year 1 day to 3 years 7.00% 7.50%
    3 years 1 day to 5 years 7.25% 7.75%
    5 years 7.00% 7.50%
    5 years 1 day to 10 years 6.50% 7.00%

    Note: The rates are effective as of 11 April 2021.

    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%.

    Interest Rates for ‘FD Plus’ Deposits Above Rs.15 lakh (No Premature Withdrawal Facility)

    Period Interest rate
    7 to 14 days 2.50%
    15 to 60 days 3.00%
    61 to 90 days 3.75%
    91 to 180 days 4.50%
    181 to 364 days 6.15%
    1 year 6.90%
    1 year 1 day to 2 years 7.25%
    2 years 1 day to 3 years 7.50%
    3 years 1 day to less than 5 years 7.25%
    5 years 7.00%
    5 years 1 day to 10 years 6.50%

    Note: The rates are effective as of 11 April 2021.

    How to Apply for Jana Small Finance Bank Fixed Deposit

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

    Jana Small Finance Bank FD 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 to Apply for Jana Small Finance Bank FD

    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.

    Jana Small Finance Bank FD FAQs

    1. Do I need to be an existing customer of the bank to open a Jana Small Finance Fixed Deposit?

      No, existing as well new customers can open a fixed deposit account with Jana Small Finance Bank.

    2. Can I open a fixed deposit less than Rs.2 crore?

      Yes, you can open a fixed deposit of less than Rs.2 crore.

    3. Is there any penalty applicable for the fixed deposit?

      Yes, penalty will be imposed for premature withdrawal of your fixed deposit.

    4. What is the maximum tenure for this fixed deposit?

      You can open a fixed deposit for up to 10 years.

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