Jana Bank FD Rates 2023: In 2023, Jana Small Finance Bank presents its Regular Fixed Deposit, ensuring a consistent and effortless growth of your earnings.This deposit stands out with its attractive interest rates, Jana Bank FD Eligibility diverse interest payout options, and no penalty on premature closure, making it an ideal investment for your hard-earned money.
Jana Bank provides a range of Fixed Deposits (FDs) offering competitive returns and various perks. Among the notable features are nomination facilities, flexible tenure options, auto-renewal, diverse interest payout choices, and provisions for loans or overdrafts. Opening a Jana Bank FD online is hassle-free, just a few clicks away, ensuring a paperless process.
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Advantages of Jana Bank FD Rates
A Fixed Deposit (FD) stands out as a favored financial tool among the general public in India due to its ability to offer higher interest rates compared to a regular savings account. It’s considered one of the safest investment options, ensuring notable returns over a fixed period.
| FEATURES | BENEFITS |
|---|---|
| Attractive Interest Rates 💰 | – Best-in-class Interest Rates of 8.10%* p.a., the highest in the card rate<br>- Earn more attractive rates compared to Savings Account<br>- Senior Citizens receive an additional 0.6% interest over the FD card rate |
| Low Deposit Amounts 💵 | – Begin depositing with an amount as low as INR 1000 |
| Premature Closure 🛑 | – Available penalty on Premature closure |
| Mobile Banking App 📱 | – Convenient transactions through our Mobile Banking App |
| Cumulative and Non-Cumulative 🔄 | – Freedom to choose Interest pay-out options (Monthly / Quarterly / Half-Yearly / Yearly Payout) |
Jana Bank FD Rates
Rates are Effective Date- 30 May 2023 (subject to change from time to time)
| Tenure | Regular FD Interest Rate (p.a.) | Senior Citizen FD Interest Rate (p.a.) |
|---|---|---|
| 7-14 Days | 3.75% 🕒 | 4.25% 🕒 |
| 15-60 Days | 4.25% 🕓 | 4.75% 🕓 |
| 61-90 Days | 5.00% 🕓 | 5.50% 🕓 |
| 91-180 Days | 6.25% 🕓 | 6.75% 🕓 |
| 181-364 Days | 7.00% 🕓 | 7.50% 🕓 |
| 365 Days | 7.25% 🕓 | 7.75% 🕓 |
| 366 – 499 Days | 8.50% 🕓 | 9.00% 🕓 |
| 501– 730 Days | 8.50% 🕓 | 9.00% 🕓 |
| > 2 Years – 3 Years | 7.35% 🕓 | 7.85% 🕓 |
| > 3 Year – < 5 Years | 7.25% 🕓 | 7.75% 🕓 |
| 5 Years(1825 Days) | 6.00% 🕓 | 6.50% 🕓 |
| > 5 Years – 10 Years | 6.00% 🕓 | 6.50% 🕓 |
| 500 Days | 8.50% 🕓 | 9.00% 🕓 |
- FD Plus with No Premature Withdrawal: Interest Rate (p.a) on deposits exceeding 15 lakhs.
- Regular FD Interest Rate (p.a) on deposits below 2 crore.
- Senior Citizen FD Interest Rate (p.a) on deposits below 2 crore.
- Interest is calculated based on the actual number of days in a year, i.e., 365 days for a non-leap year and 366 days for a leap year. The deposit tenor is computed in days.
- The aforementioned rates apply to deposits less than INR 2 Crore.
- For interest rates on deposits of INR 2 Crore & above, please consult the nearest Jana Small Finance Bank branch.
- In the event of premature withdrawal, the following penalties are applied on the applicable interest rate for the duration of the deposit:
- Fixed Deposit less than INR 200 Lakhs – 0.5%
- Fixed Deposits greater than or equal to INR 200 Lakhs – 1%
Jana Bank FD Eligibility Criteria
Both new and existing customers of Jana Small Finance Bank can open a Fixed Deposit. Various customer types are eligible for fixed deposit accounts, including individuals, minors, proprietorships, Hindu Undivided Families (HUF), registered and unregistered bodies, cooperative societies, trusts, partnerships, NGOs, and private limited companies.
How to Apply for Jana Bank FD
To initiate a Fixed Deposit with Jana Small Finance Bank:
- Visit the nearest branch of Jana Small Finance Bank, where our Relationship Manager will assist you with the application process.
- Alternatively, you can contact us, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to facilitate your application process.
Documents Required
- Aadhaar/Proof of application of Aadhaar enrolment (not older than six months)
- PAN/Form 60 (In case of Form 60, submission of one certified copy of OVD*)
- FATCA Declaration (part of the account opening form)
- Recent Photograph
Hindu Undivided Family
- Aadhaar/Proof of application of Aadhaar enrolment of Karta/existing authorized signatories
- PAN/Form 60 (Submission of one certified copy of OVD* in case of Form 60) of HUF
- PAN/Form 60 (Submission of one certified copy of OVD* in case of Form 60) of Karta/existing authorized signatories Jana Bank FD Eligibility
- Declaration from the Karta and Joint Hindu Family letter signed by all adult holders as per the attached Annexure 2 format
- Recent Photograph of Karta/authorized signatories
- FATCA Declaration (part of the account opening form)
Jana Bank FD Rates 2023 – FAQs
Jana Small Finance Bank offers various tenure options ranging from 7 days to 10 years, providing flexibility to suit different investment durations.
Yes, senior citizens can enjoy an additional interest rate of [specific interest rate]% over and above the regular FD interest rates.
Yes, customers can start depositing with an amount as low as INR 1000, making it accessible for various investors.
There may be penalties associated with premature closure, and it’s advisable to inquire about the specific terms and penalties before opting for premature closure.
Customers have the flexibility to choose between cumulative and non-cumulative options (monthly, quarterly, half-yearly, or yearly payout) for their interest earnings.
