Jammu and Kashmir Bank RD Interest Rates 2025

Interest Rates for deposits less than Rs.2 crore

Maturity Period	Deposit Type	Current Interest Rates	Revised Interest Rates per Annum with effect from 11 February 2023
7 days to 30 days	Domestic/NRO	3.50%	3.50%
31 days to 45 days	Domestic/NRO	3.70%	3.70%
46 days to 90 days	Domestic/NRO	4.50%	4.75%
91 days to 180 days	Domestic/NRO	4.50%	4.75%
181 days to 270 days	Domestic/NRO	5.50%	5.50%
271 days to less than 1 Year	Domestic/NRO	5.75%	6.00%
1 Year to less than 2 years	Domestic/NRO/NRE	6.75%-7.25%	7.25%
2 years to less than 3 years	Domestic/NRO/NRE	6.75%	6.75%
3 years to less than 5 years	Domestic/NRO/NRE	6.50%	6.50%
5 years to less than 10 years	Domestic/NRO/NRE	6.50%	6.50%

1. In the case of NRE deposits, the minimum tenure of the scheme is 1 year.
2. In the case of Senior Citizens, an additional 0.50% interest rate is provided across all maturities.

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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 5.25%  and for a tenure of 9 months it is 6.50% 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  7.00% and 7.75%. Customers can get an interest rate of 7.00%  for senior citizen recurring deposit accounts with tenures between 5 years and 10 years.

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Interest Rates for Senior Citizens

Maturity Period	Interest Rates per Annum
7 days to 30 days	4.00%
31 days to 45 days	4.20%
46 days to 90 days	5.25%
91 days to 180 days	5.25%
181 days to 270 days	6.50%
271 days to less than 1 Year	6.50%
1 Year to less than 2 years	7.75%
2 years to less than 3 years	7.25%
3 years to less than 5 years	7.00%
5 years to less than 10 years	7.00%

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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.

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Interest Rates for NRE deposits 

Tenure	Rate of Interest (%)
1 year and above but less than 2 years	7.25
2 years and above but less than 3 years	6.75
3 years and above but less than 5 years	6.50
5 years and above but less than 10 years	6.50

RD Interest Rates by Banks

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

RD Article Pages

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. Co-operative Bank Recurring Deposit
11. Indian Bank Recurring Deposit
12. Union Bank Recurring Deposit
13. UCO Bank Recurring Deposit

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FAQs on Jammu and Kashmir Bank Recurring Deposit Interest Rates

• What is the minimum deposit period?

  The minimum RD deposit period in Jammu & Kashmir Bank is seven days to one month. 

• What are the documents needed to open an RD account?

  You need to submit the duly filled RD application form, passport size photograph, proof of residence, and proof of address to open an RD account. 

• What is the current RD interest rate provided by Jammu & Kashmir Bank?

  Jammu & Kashmir Bank provides interest rates between 3.5% to 7.25% on its recurring deposits. 

• How do I apply for a regular recurring deposit account in Jammu & Kashmir Bank?

  If you are a new customer of Jammu & Kashmir Bank, you need to visit to your nearest branch of Jammu & Kashmir Bank to open a savings account which can be linked to an RD account. 

• Can I withdraw my RD amount prematurely?

  Yes, you can withdraw your RD amount prematurely. However, the bank will charge penal interest on the premature withdrawals. 

• What are the interest rates offered by Jammu and Kashmir Bank on RD accounts in 2024?

  Jammu and Kashmir Bank is offering competitive interest rates on Recurring Deposit (RD) accounts in 2024 that ranges from 6.00% to 7.10% for tenure ranging between six months to 10 years. For withdrawable RD deposit scheme for the same range of tenure, the interest ranges between 6.00% to 7.00%. The rates are subject to change based on market conditions, so it's advisable to check with the bank for the latest updates. 

• How are the interest rates for Jammu and Kashmir Bank RDs determined?

  The interest rates for RD accounts offered by Jammu and Kashmir Bank are typically determined depending on various factors, such as prevailing RBI regulations, market rates, value of the dollar, and the bank's internal policies. 

• Are the RD interest rates different for different tenure options at Jammu and Kashmir Bank?

  Yes, Jammu and Kashmir Bank offers different interest rates for different tenure options on RD accounts. Typically, longer tenure RDs may attract higher interest rates compared to shorter tenure RDs. 

• Can existing customers avail themselves of any special interest rates on RDs with Jammu and Kashmir Bank?

  Existing customers of Jammu and Kashmir Bank can avail themselves of may be eligible for special interest rates or promotional offers on RDs only if they are eligible for it as per the bank policy. Customers are recommended to inquire with the bank or check the official website about any ongoing promotions or loyalty benefits. 

• How frequently are the RD interest rates revised by the Jammu and Kashmir Bank revise?

  Jammu and Kashmir Bank may revise its RD interest rates periodically based on regulatory changes, market conditions, and internal policies. 

• What is the minimum deposit required to open an RD account with Jammu and Kashmir Bank?

  The minimum deposit required to open an RD account with Jammu and Kashmir Bank may vary depending on the specific account type and tenure. The Jammu and Kashmir Recurring Deposit (RD) scheme allows a minimum deposit of Rs.50 but the customers should contact the bank directly or refer to their official website to get accurate information. 

• Are senior citizens offered any additional benefits on RD interest rates by Jammu and Kashmir Bank?

  Yes, Jammu and Kashmir Bank offer additional RD interest rates for senior citizens, providing them with higher returns on their investments. 

• Can I prematurely withdraw my RD with Jammu and Kashmir Bank affect the interest earned?

  Yes, interest may be affected by premature withdrawal of RDs with Jammu and Kashmir Bank. Premature withdrawals are allowed, subject to certain terms and conditions but such premature withdrawals may attract penalties, and the interest earned might get affected accordingly. 

• Does Jammu and Kashmir Bank offer any online RD calculators to estimate returns?

  Yes, Jammu and Kashmir Bank may provide online RD calculators on their official website or through their mobile banking app that enables the customers to estimate their return corresponding to their investment. 

• Does Jammu and Kashmir Bank offer competitive RD interest rates compared to other banks?

  Jammu and Kashmir Bank offer competitive RD interest rates to attract and retain more customers. It is recommended that customers must compare RD interest rates across multiple banks to decide where to invest based on individual financial goals and preferences. 

• What documents are needed to open an RD account?

  Some of the essential documents that are required to open an RD account in Jammu and Kashmir Bank are Proof of residency, PAN Card, Form 60 or 61, and ID proof; two passport-sized photograph; dully filled and signed application form; any other KYC (Know Your Customer) document; and other relevant document required for Minors, Partnership Firms, Companies, HUFs candidates. 

• Can I close my deposit before it matures?

  Yes, you can close your RD account prematurely in Jammu and Kashmir Bank in case you need emergency fund, but penal interest may be imposed for premature withdrawals. 

• How can I apply for a recurring deposit in Jammu and Kashmir Bank?

  You can apply for an RD account in Jammu and Kashmir Bank by first opening a savings account first if you are a new customer. If you are an existing customer, then you can apply for an RD account either online or by visiting the branch. 

• Who can open an RD account with Jammu and Kashmir Bank?

  Any individual alone or jointly can open an RD account in Jammu Kashmir Bank. Apart from them other entities who can the RD account in this bank are, minor of 10 years of age; minors under legal or natural guardian; illiterate or blind; and Commercial Organization, Company or Corporate Body Hindu Undivided Family Association, Trust or Religious or Charitable Educational Institutions, Club, Society, Municipality or Panchayat, Government or Quasi-Governmental Body. 

• What are the tax implications over the RD from Jammu and Kashmir Bank?

  TDS (Tax Deducted at Source) at the rate of 10% would be deducted over the RD from Jammu and Kashmir Bank if the total interest deducted surpasses Rs.10,000 in the fiscal year. In case excess TDS has been deducted, you claim refund by filing ITR.