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).
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.
The numerous benefits and features of Fixed deposits from Janakalyan Sahakari Bank are listed below:
You can open an FD in Janakalyan Sahakari Bank if you are
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.
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.
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.
The minimum tenure for opening an FD with Janakalyan Sahakari Bank is 7 days.
Yes, Janakalyan Sahakari Bank offers you an option to auto-renew your fixed deposit after maturity.
Yes, you can apply for 85% of your FD amount for a loan or overdraft.
If the interest earned from your FD is more than Rs.40,000 then TDS will be deducted.
There are different FD schemes available at Janakalyan Sahakari Bank which calculate the interest rates in both monthly and quarterly terms.
Yes, a nomination facility is available for FD with Janakalyan Sahakari Bank.
Yes, you can visit the official website of Janakalyan Sahakari Bank to apply for an FD account.
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).
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.