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.5 Crore

The interest rated for J&K Grameen Bank fixed deposits for deposits below Rs.5 crore are given below:

Tenure Interest Rates (p.a.)
7 to 30 days 2.90%
31 to 45 days 3.00%
46 to 90 days 3.25%
91 to 180 days 4.00%
181 to 270 days 4.40%
271 days to less than a year 4.50%
1 year to less than 2 years 5.10%
2 years to less than 3 years 5.20%
3 years to less than 5 years 5.30%
5 years to 10 years 5.30%

Note: The interest rates are effective since 10 February 2022 and can be changed as per the bank’s rules and regulations.

J&K Grameen Bank Fixed Deposit Interest Rates for Deposits of Rs.5 Crore and Above

The interest rate for J&K Grameen Bank fixed deposit for deposits of Rs.5 crore and above are mentioned below:

Tenure Interest Rates (p.a.)
7 to 15 days 2.75%
16 to 30 days 2.85%
31 to 60 days 3.00%
61 to 90 days 3.10%
91 to 180 days 3.25%
181 to 270 days 3.25%
271 days to less than a year 3.75%
1 year to 5 years 4.00%

Note: The interest rates are effective since 10 February 2022 and can be changed as per the bank’s rules and regulations.

FAQs on J&K Grameen Bank Fixed Deposit Interest Rates

  1. 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.

  2. 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.

  3. 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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