To mark the country's 71st Republic day this year, Bengaluru based microlender, Jana Small Finance Bank has made FD investment even more lucrative for senior citizens by offering a return of 9.75% p.a. The offer is exclusively extended to those who open a fixed deposit account with the bank between January 22, 2019, and January 28, 2019 and a minimum tenure to fetch this return is kept at three years.
For other regular customers, the interest rate is pegged at 9%, if they maintain the FD account with the bank for 3 years. Another scheme of the bank, Fixed deposit Plus fetches 9.25% with no premature withdrawal.
The bank is offering an interest of 8.75 per cent, 9 per cent, 8.5 per cent and 7 per cent on fixed deposits (FD) of tenure from 181 days to 365 days, from over 1 year to 3 years, from over 3 years to 5 years and from more than 5 years to 10 years, respectively.
It is to be noted that the return of 9.75% holds true for deposits less than Rs. 1 crore and for still higher deposit amounts, the customers can approach the bank to get the interest rate on offer.
Investment in a fixed deposit will also make the customers eligible for a Jana Bankable Debit card which comes with welcome benefits worth Rs 15,000 on top brand.
Interest rate list as offered by Jana Small Finance Bank
|Period||FD Plus||Regular||Senior Citizen|
|7 days to 45 days||6%||6%||6.75%|
|46 days to 60 days||6.5%||6.5%||7.25%|
|61 days to 180 days|
|181 days to 365 days||8.75%||8.50%||9.25%|
|More than 1 year up to 2 years||9.0%||8.5%||9.25%|
|More than 2 years up to 3 years||9.0%||8.5%||9.25%|
|More than 3 years up to 5 years||8.5%||8.5%||9.25%|
|More than 5 years to 10 years||7%||7%||7.75%|