Janakalyan Sahakari Bank FD Rates

Janakalyan Sahakari Bank Ltd. was founded on 29 May 1974, under the Maharashtra State Co-operative Societies Act, 1960, and began operations on 15 August 1974, after receiving a licence from the Reserve Bank of India (RBI).

Updated On - 05 Sep 2025

The bank has over 55,000 shareholders, over 3,07,000 depositors, and over 8,500 borrowers, demonstrating the bank's reach and the general public's trust. Janakalyan Sahakari Bank offers many FD schemes with attractive interest rates and a wide range of tenures from a week (7 days) to a decade (10 years). By making an investment in a Janakalyan Sahakari Bank FD for a duration of five years or longer, you can also receive tax benefits under section 80C of the ITA. 

Janakalyan Sahakari Bank Fixed Deposit Features and Benefits 

The numerous benefits and features of Fixed deposits from Janakalyan Sahakari Bank are listed below:  

  1. FD tenures range from 7 days to 10 years. 
  2. FD schemes offer interest rates in monthly or quarterly terms. 
  3. Up to 85% loan/overdraft against the FD amount. 
  4. There is a nomination facility. 
  1. There is no maximum limit on the FD amount. 
  2. Senior citizens have access to higher interest rates.  
  3. The bank provides NRE, NRO, and FCNR deposit facilities. 
  4. Flexible FD tenures are offered with competitive interest rates to match your investment strategy. 
  5. There are also part withdrawal and auto-renewal facilities. 
  1. Options for quick and simple liquidity are available. 
  2. Tax benefits of up to Rs.1,50,000 are available through the tax-saving term deposit scheme. 
  3. You can open an FD account online or in person at the Janakalyan Sahakari Bank branch that is closest to you. 

Janakalyan Sahakari Fixed Deposit Schemes 

  1. Kalyan Thev Yojana: The Kalyan Thev Yojana scheme quarterly interest is calculated which is paid after maturity.  
  1. Fixed Deposit Quarterly Interest: In this fixed deposit scheme, the interest is calculated quarterly. The interest is directly credited to your account.  
  2. Fixed Deposit Monthly Interest: In this scheme, monthly interest is credited to the customer's account at a discounted rate. 

Eligibility for Janakalyan Sahakari Bank Fixed Deposit Scheme 

You can open an FD in Janakalyan Sahakari Bank if you are  

  1. Trust 
  1. Any individual 
  2. Non-Resident Indian (NRI) 
  3. Registered Society 
  4. Limited Liability Partnership (LLP) 
  5. Proprietary Firm 
  1. Body of individuals (BOI)   
  2. Partnership Firm 
  3. HUF 
  4. Local authority 
  5. Limited company 
  1. Body of individuals (BOI) 
  2. Association of Persons (AOP) 

Janakalyan Sahakari Bank Interest Rates for Fixed Deposits 

You can find the Janakalyan Sahakari Bank FD interest rates for various tenures in the table below:  

Tenure 

Interest rates for General Public (p.a.)

Interest rates for Senior Citizens (p.a.)

7 days to 29 days 

3.75% p.a.

3.75% p.a.

1 month to 3 months  

4.25% p.a.

4.50% p.a.

91 days to 270 days  

4.75% p.a.

5.00% p.a.

271 days to 1 year 

5.25% p.a.

5.50% p.a.

More than 1 year to 18 months 

7.00% p.a.

7.25% p.a.

More than 18 months to 30 months

5.50% p.a.

5.75% p.a.

More than 30 months to 60 months

5.75% p.a.

6.00% p.a.

More than 60 months to 120 months

5.75% p.a.

6.00% p.a.

5 years- Jankar Bachat Yojana (TAX Benefit)  

5.75% p.a.

5.75% p.a.

 Note:  Interest Rate Structure effective from 1 April 2024.

Documents Required  

You will need to provide the following documents:  

Identity Proof: You can provide any one of the following documents as proof of your identity. 

Address Proof: You can submit any one of the following documents as residence proof. 

TDS 

Unless Form 15G/Form 15H is submitted at the start of each financial year, TDS will be deducted in accordance with the current law if the total amount of interest exceeds Rs.40,000 and Rs.50,000 for Senior citizens.  

FAQs on Janakalyan Sahakari Bank FD Rates

  • What is the minimum tenure for opening an FD with Janakalyan Sahakari Bank?

    The minimum tenure for opening an FD with Janakalyan Sahakari Bank is 7 days.  

  • Is there a facility for the auto-renewal of fixed deposits in Janakalyan Sahakari Bank?

    Yes, Janakalyan Sahakari Bank offers you an option to auto-renew your fixed deposit after maturity.

  • Can I apply for a loan or overdraft facility against my FD with Janakalyan Sahakari Bank?

    Yes, you can apply for 85% of your FD amount for a loan or overdraft.  

  • Will TDS be deducted from my FD with Janakalyan Sahakari Bank?

    If the interest earned from your FD is more than Rs.40,000 then TDS will be deducted.  

  • Are the FD interest rates at Janakalyan Sahakari Bank calculated monthly or quarterly?

    There are different FD schemes available at Janakalyan Sahakari Bank which calculate the interest rates in both monthly and quarterly terms. 

  • Is there a nomination facility available for FD with Janakalyan Sahakari Bank?

    Yes, a nomination facility is available for FD with Janakalyan Sahakari Bank.  

  • Can I open an FD account with Janakalyan Sahakari Bank online?

    Yes, you can visit the official website of Janakalyan Sahakari Bank to apply for an FD account. 

  • Do Senior citizens get any special benefits if they open an FD account with Janakalyan Sahakari Bank?

    Yes, Senior citizens get higher interest rates when they open an FD account with Janakalyan Sahakari Bank. Senior citizens also have a higher cap for TDS (Rs.50,000). 

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