J&K Grameen Bank FD Rates
The J&K Grameen Bank was established on 30 June 2009. The bank has branches in 11 districts of Jammu and Kashmir as well as 2 districts in Ladakh.
The bank has a total of 217 branches all over the union territory of Jammu and Kashmir and the union territory of Ladakh.
J&K Grameen Bank Fixed Deposit Interest Rates for Deposits below Rs.1 Crore
The interest rated for J&K Grameen Bank fixed deposits for deposits below Rs.1 crore are given below:
Maturity Period | Interest Rates for Public (p.a.) | Senior Citizen Interest Rates (p.a.) |
Seven days to 30 days | 3.50% | 4.00% |
31 days to 45 days | 3.50% | 4.00% |
46 days to 90 days | 5.25% | 5.75% |
91 days to 180 days | 5.00% | 5.50% |
181 days to 270 days | 6.00% | 6.50% |
271 days to less than one year | 6.00% | 6.50% |
One year to less than two years | 7.00% | 7.50% |
Two years to less than three years | 7.00% | 7.50% |
Three years to less than five years | 6.50% | 7.00% |
Five years to ten years | 6.50% | 7.00% |
Note: The interest rates are effective from 15 October 2024 and can be changed as per the bank's rules and regulations.
J&K Grameen Bank FD Rates for Deposits of Above Rs.1 cr but less than Rs.5 cr
The interest rate for J&K Grameen Bank fixed deposit for deposits of Rs.1 crore and above are mentioned below:
Maturity Period | Interest Rates for Public (p.a.) | Senior Citizen Interest Rates (p.a.) |
Seven days to 30 days | 4.75% | 5.25% |
31 days to 45 days | 4.75% | 5.25% |
46 days to 90 days | 6.00% | 6.50% |
91 days to 180 days | 6.25% | 6.75% |
181 days to 270 days | 6.50% | 7.00% |
271 days to less than one year | 6.75% | 7.25% |
One year to less than two years | 7.10% | 7.60% |
Two years to less than three years | 6.50% | 7.00% |
Three years to less than five years | 6.25% | 6.75% |
Five years to ten years | 6.00% | 6.50% |
Note: The interest rates are effective from 15 October 2024 and can be changed as per the bank's rules and regulations.
J&K Grameen Bank FD Rates for Deposits of Above Rs.2 cr but less than Rs.5 cr: Non-Withdrawable
Maturity Period | Interest Rates (p.a.) |
91 days to 180 days | 6.35% |
181 days to 270 days | 6.60% |
271 days to less than one year | 6.85% |
One Year to less than two years | 7.20% |
Two years to less than three years | 6.60% |
Note: The interest rates are effective from 15 October 2024 and can be changed as per the bank's rules and regulations.
FAQs on J&K Grameen Bank Fixed Deposit Interest Rates
- What is the minimum tenure period for the J&K Grameen Bank fixed deposit scheme?
The minimum tenure period for the J&K Grameen Bank fixed deposit scheme is 7 days.
- Is there any additional interest rate for senior citizens in J&K Grameen Bank fixed deposit scheme?
Yes, senior citizens will get an additional interest rate of 0.50% under the J&K Grameen Bank fixed deposit scheme.
- Can I prematurely withdraw my deposits within 7 days of opening it under the J&K Grameen Bank fixed deposit scheme?
Yes, you can prematurely withdraw your deposits within 7 days of opening it under the J&K Grameen Bank fixed deposit scheme. However, you will not be entitled to any interest.
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