FD: 8.80 per cent/annum! This bank hikes interest rates on regular fixed deposits
Senior Citizens can reap the benefit of 8.80% on a FD for a tenure of 2-3 years.
06:32 PM IST
Jana Small Finance Bank has announced a hike of interest rates on regular fixed deposits from 15th December, 2022 onwards. With this increase, the bank is offering one of the highest interest rates across the Banking space, an official statement said.
Customers will now get an interest rate as high as 7.85% on deposits for a tenure of 2-3 years.
Senior Citizens can reap the benefit of 8.80% on a FD for a tenure of 2-3 years.
Speaking on this development after the launch of 736th Branch of the Bank at Vijaynagar, Bangalore Shrinivas Murty, President and Head of Branch Banking and Marketing said, “We are fast expanding our footprints across the nation to be able to cater to a large & varied segment of customers. We believe that with our superior customer experience, sharp turn-around-time of delivery & extremely competitive interest rates on deposits, we are well placed to meet the ever-growing Banking products & services needs of customers we serve. This increase in interest rates across tenures would directly help our customers to plan their investments better & help further align returns to their financial goals.”
Retail Domestic Fixed Deposit Cards:
Retail Domestic Fixed Deposit Cards:
Proposed Rate (Effective 15th December 2022) |
Existing NRE/NRO Fixed Deposit Rates (Effective 15th December 2022) |
|||
Period |
Regular FD Interest Rate (p.a.) |
Senior Citizen FD Interest Rate (p.a.)* |
NRE FD Interest Rate (p.a.) |
NRO FD Interest Rate (p.a.) |
7-14 days |
3.75% |
4.70% |
N/A |
3.75% |
15-60 days |
4.25% |
5.20% |
N/A |
4.25% |
61-90 days |
5.25% |
6.20% |
N/A |
5.25% |
91-180 days |
5.50% |
6.45% |
N/A |
5.50% |
181-364 days |
7.00% |
7.95% |
N/A |
7.00% |
1 Year[365 Days] |
7.25% |
8.20% |
7.25% |
7.25% |
> 1 Year - 2 Years |
7.50% |
8.45% |
7.50% |
7.50% |
> 2 Years-3 Years |
7.85% |
8.80% |
7.85% |
7.85% |
> 3 Year- < 5 Years |
7.35% |
8.30% |
7.35% |
7.35% |
5 Years[1825 Days] |
7.25% |
8.20% |
7.25% |
7.25% |
> 5 Years - 10 Years |
6.00% |
6.95% |
6.00% |
6.00% |
Fixed Deposit Plus (Non-Callable FD) Card Rate grid is appended below:
FD Plus Effective Date - 15th December 2022 |
||
Period |
Interest Rate (p.a.) |
Interest Rate (p.a.) |
(<2 Crore) |
(2 Crore & above) |
|
7-14 days |
3.85% |
3.85% |
15-60 days |
4.35% |
4.35% |
61-90 days |
5.35% |
5.35% |
91-180 days |
5.60% |
5.60% |
181-364 days |
7.10% |
7.10% |
1 Year[365 Days] |
7.35% |
7.35% |
>1 Year - 2 Years |
7.50% |
7.50% |
>2 Years-3 Years |
7.85% |
7.85% |
> 3 Year- < 5 Years |
7.35% |
7.35% |
5 Years[1825 Days] |
7.25% |
7.25% |
> 5 Years - 10 Years |
6.00% |
6.00% |
"Existing customers of Jana Small Finance Bank can also enjoy the benefits of booking or investing in FD from the comfort of their homes or offices through internet banking. With this online process, customers can book the FDs instantly in a hassle-free manner," the official statement added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
7 Stocks to buy for long term: Analysts recommend largecap, midcap stocks; Axis Bank, Ambuja Cements on the list
)
Rs 13,00,000 One-time Investment in Mutual Funds: How many years will it take to create a Rs 3 crore- Rs 6 crore corpus at a given rate?
)
Gratuity Calculation: What will be your gratuity for Rs 55,000, Rs 75,000, and Rs 95,000 last-drawn salary after 9 years and 4 months of service?
)
Monthly Income from One-time Investment: How your Rs 15,75,000 lump sum investment can generate Rs 2,74,500/month payout for 30 years
)
How a 29-KM expressway transformed Gurugram’s real estate; these 4 areas are now hotspots for millionaires
)
Power of Rs 13,000 SIP: How many years will it take to generate Rs 9,00,00,000 corpus with just Rs 13,000 monthly investment?
)
From Viral Fame to Police Warning: How this Mumbai auto driver went from earning lakhs to back on the road
)
Shares to Buy: Analysts recommend largecap, midcap stocks for short-term gains; Hyundai Motor, RBL Bank on the list
06:32 PM IST