Whoever said wishes don’t come true hasn’t explored our offers!

Jammu and Kashmir Bank Recurring Deposit Interest Rates 2021

 0.0 / 5.0   by 0 users
Used this product? Write a review >>

The Recurring Deposit (RD) scheme offered by Jammu and Kashmir Bank comes with attractive interest rates. The tenure of the RD account ranges from 6 months and 10 years. The rate of interest is fixed and is compounded every quarter. The interest that is generated from the deposits is paid out at the time of maturity. Under the scheme, premature withdrawal is allowed, and loans can be availed against the deposit and the interest that is accumulated in the account. The minimum deposit that must be made in the account is Rs.50.

Interest Rates for deposits less than Rs.2 crore

Tenure Rate of Interest (%) Deposit Type
181 days to 270 days 4.00 Domestic/NRO
271 days to less than 1 year 4.50 Domestic/NRO
1 year and above but less than 2 years 5.10 Domestic/NRO/NRE
2 years and above but less than 3 years 5.20 Domestic/NRO/NRE
3 years and above but less than 5 years 5.30 Domestic/NRO/NRE
5 years and above but less than 10 years 5.30 Domestic/NRO/NRE
  • In the case of NRE deposits, the minimum tenure of the scheme is 1 year.
  • In the case of Senior Citizens, an additional 0.50% interest rate is provided across all maturities.

Jammu and Kashmir Bank - Senior Citizen Recurring Deposit Interest Rates

The interest rates offered by J&K Bank for recurring deposit accounts opened by Senior Citizens is generally 0.50% more than the regular term deposit rates. This additional interest rate applies to all maturity terms and deposit amounts. For a RD tenure of 6 months, the interest rate offered is 4.50% and for a tenure of 9 months it is 4.50% for senior citizens. For tenures ranging above that, i.e. 1 year to up to 4 years, the interest rate given by J&K Bank ranges between 5.60% and 5.80%. Customers can get an interest rate of 5.80% for senior citizen recurring deposit accounts with tenures between 5 years and 10 years.

Interest Rates for Senior Citizens -

Tenure Rate of Interest (%)
181 days to 270 days 4.50
271 days to less than 1 year 5.00
1 year and above but less than 2 years 5.60
2 years and above but less than 3 years 5.70
3 years and above but less than 5 years 5.80
5 years and above but less than 10 years 5.80

Jammu and Kashmir Bank - NRE Recurring Deposit Interest Rates

J&K Bank also provides the recurring deposit facility to NRIs at competitive interest rates. For NRE and NRO deposits, the interest rates varies depending on the tenure and the deposit amount.

Interest Rates for NRE deposits -

Tenure Rate of Interest (%)
1 year and above but less than 2 years 5.10
2 years and above but less than 3 years 5.20
3 years and above but less than 5 years 5.30
5 years and above but less than 10 years 5.30

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.