Janakalyan Sahakari Bank FD Rates
Janakalyan Sahakari Bank FD rates range from 3.75% to 7.00% p.a. for the general public and go up to 7.25% p.a. for senior citizens across tenures from 7 days to 10 years. The RBI-licensed bank, founded in 1974, offers monthly, quarterly and on-maturity interest payouts, and its five-year tax-saving FD qualifies for Section 80C deduction.
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:
- FD tenures range from 7 days to 10 years.
- FD schemes offer interest rates in monthly or quarterly terms.
- There is a nomination facility.
- There is no maximum limit on the FD amount.
- Senior citizens have access to higher interest rates.
- Flexible FD tenures are offered with competitive interest rates to match your investment strategy.
- There are also part withdrawal and auto-renewal facilities.
- Options for quick and simple liquidity are available.
- Tax benefits of up to Rs.1,50,000 are available through the tax-saving term deposit scheme.
- 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
- Kalyan Thev Yojana: In the Kalyan Thev Yojana scheme, quarterly interest is calculated and paid after maturity.
- Fixed Deposit Quarterly Interest: In this fixed deposit scheme, the interest is calculated quarterly. The interest is directly credited to your account.
- Fixed Deposit Monthly Interest: In this scheme, monthly interest is credited to the customer's account at a discounted rate.
- Jankar Bachat Thev Yojana: This tax-saving scheme has a tenure of five years and offers monthly interest, quarterly interest and cumulative options. Deposits under the scheme are eligible for deduction under Section 80C, the minimum deposit is Rs.1,000 in multiples of Rs.100, and the maximum is Rs.1,00,000 in a financial year. Premature withdrawal is not permitted, and no loan can be availed against the deposit.
- Premature payment: A penalty of 1% applies on premature payment of Kalyan Thev Yojana deposits, other than deposits that are reinvested for a longer period than the original maturity.
Eligibility for Janakalyan Sahakari Bank Fixed Deposit Scheme
You can open an FD in Janakalyan Sahakari Bank if you are
- Trust
- Any individual
- Registered Society
- Limited Liability Partnership (LLP)
- Proprietary Firm
- Body of individuals (BOI)
- Partnership Firm
- HUF
- Local authority
- Limited company
- Association of Persons (AOP)
Senior citizen rates: To get the senior citizen interest rates, the depositor must be an Indian national above 60 years of age.
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.) | Interest rates for High Net Worth Depositors* (p.a.) |
7 days to 29 days | 3.75% | 3.75% | 3.75% |
30 days to 90 days | 4.25% | 4.50% | 4.50% |
91 days to 270 days | 4.75% | 5.00% | 5.00% |
271 days to 1 year | 5.25% | 5.50% | 5.50% |
More than 1 year to 18 months | 7.00% | 7.25% | 7.25% |
More than 18 months to 30 months | 5.50% | 5.75% | 5.75% |
More than 30 months to 60 months | 5.75% | 6.00% | 6.00% |
More than 60 months to 120 months | 5.75% | 6.00% | 6.00% |
5 years- Jankar Bachat Yojana (TAX Benefit) | 5.75% | 5.75% | 5.75% |
Note: The interest rates are effective from 1 April 2025.
*High Net Worth deposits require a minimum single-receipt amount of Rs.1 crore and above.
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.
- PAN card
- Driving Licence
- Passport
- Aadhaar card
- NREGA authorised Job Card
- Voters ID
Address Proof
You can submit any one of the following documents as residence proof.
- Aadhaar card
- Passport
- Voter's ID card
- Driving Licence
- A recent electricity or telephone bill in your name
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.50,000 (Rs.1,00,000 for senior citizens), as of July 2026.
Summary
Janakalyan Sahakari Bank FDs let individuals, firms, trusts and other eligible depositors invest for tenures from 7 days to 10 years, with higher rates for senior citizens and a five-year tax-saving option under Section 80C. Interest can be paid monthly, quarterly or on maturity, depending on the scheme. Check the rate table above, keep your identity and address proof ready, and open your Janakalyan Sahakari Bank FD online or at your nearest branch.
FAQs on Janakalyan Sahakari Bank FD Rates
1.What is a Janakalyan Sahakari Bank FD?
A Janakalyan Sahakari Bank FD is a fixed deposit in which you place a lump sum with Janakalyan Sahakari Bank for a fixed tenure and earn interest on it. The bank, founded in 1974 and licensed by the Reserve Bank of India, offers several FD schemes with tenure options from a week to a decade. The interest rate table above lists the rates for each tenure.
2.What are the features and benefits of a Janakalyan Sahakari Bank FD?
A Janakalyan Sahakari Bank FD offers flexible tenures, a choice of interest payout frequency, a nomination facility and higher rates for senior citizens. A tax-saving option is also available under Section 80C. The features section above lists every benefit in full.
3.What FD schemes does Janakalyan Sahakari Bank offer?
Janakalyan Sahakari Bank offers the Kalyan Thev Yojana, a monthly interest FD and a quarterly interest FD, along with the Jankar Bachat Yojana tax-saving deposit. Under the Kalyan Thev Yojana, interest is compounded quarterly and paid on maturity, while the monthly and quarterly schemes credit interest to your account during the tenure. Each scheme is described in the schemes section above.
4.Who is eligible to open a Janakalyan Sahakari Bank FD?
Individuals, HUFs, proprietary and partnership firms, limited companies, LLPs, trusts, associations of persons and bodies of individuals can open a Janakalyan Sahakari Bank FD. The eligibility section above lists every category of depositor.
5. Does Janakalyan Sahakari Bank offer higher FD interest rates for senior citizens?
Yes, Janakalyan Sahakari Bank pays senior citizens a higher interest rate than the general public on most Janakalyan Sahakari Bank FD tenures. To qualify, the depositor must be an Indian national above 60 years of age. The exact rate for your tenure is shown in the interest rate table above.
6.Are Janakalyan Sahakari Bank FD interest rates the same for all tenures and depositors?
No, Janakalyan Sahakari Bank FD interest rates depend on the tenure you choose and on whether you are a general public, senior citizen or high net worth depositor. The rate for each combination is listed in the interest rate table above. The bank revises its rates periodically, so check the table before booking.
7.What documents do I need to open a Janakalyan Sahakari Bank FD?
You need one valid identity proof and one address proof to open a Janakalyan Sahakari Bank FD. Identity proof can be a PAN card, driving licence, passport, Aadhaar card, NREGA job card or voter's ID, and the address proof options are listed in the documents section above.
8.Will TDS be deducted on my Janakalyan Sahakari Bank FD interest?
Yes, TDS is deducted on Janakalyan Sahakari Bank FD interest in line with the Income Tax rules once your total interest crosses the prescribed threshold in a financial year. You can avoid the deduction by submitting Form 15G or Form 15H at the start of each financial year, if you are eligible. Senior citizens have a higher threshold than other depositors, as explained in the TDS section above.
9.How can I save tax with a Janakalyan Sahakari Bank FD?
You can claim a deduction under Section 80C by investing in the Jankar Bachat Yojana, the tax-saving Janakalyan Sahakari Bank FD. This deposit has a five-year tenure and does not allow premature withdrawal. Check the current deduction limit with a tax advisor before investing.
10.Is there a nomination facility for a Janakalyan Sahakari Bank FD?
Yes, Janakalyan Sahakari Bank offers a nomination facility on its fixed deposits. This lets you name a person who can claim the Janakalyan Sahakari Bank FD if something happens to you.
11.Can I open a Janakalyan Sahakari Bank FD online?
Yes, you can open a Janakalyan Sahakari Bank FD online through the bank's online application form or in person at your nearest branch. Keep your identity and address proof ready, whichever route you choose.
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