Fixed Deposits: This Bank To Offer Up To 9.00% Interest Rate After Revision

Jana Small Finance Bank has revised its fixed deposits interest rates and new rates have already become effective beginning from May 30, 2023, as per the bank's website. The bank has revised FD interest rates for deposits below Rs 2 crore. The bank offers highest fixed deposit interest rates of 9.00%. Check details below:

After revision of FD interest rates, the bank now offers minimum interest rate of 3.75 to regular citizens for FDs maturing in 7-14 days while senior citizens are offered 4.25% for the same tenure.

For FDs with the tenure of 61-90 days, regular citizens can fetch interest rates of 5.00% and senior citizens can get 5.50% interest rates.

Jana SFB provides an interest rate of 6.25% to regular citizens for FDs with the tenure of 91 to 180 days and 6.75 to senior citizens for the similar tenure.

If you FDs mature in 181 to 364 days, you can earn an interest rate of 7.00% and senior citizens can obtain an interest rate of 7.50%.

The highest interest rate is available for FDs maturing in 366-499 days and 501 days to 2 years. Under these tenure, regular citizens can get an interest rate of 8.50% and senior citizens can get an interest rate of 9.00%.

The bank offers an interest rate of 6.00% for FDs maturing in 5-years- 10 years and 6.50% to elderly for the same tenure.

Jana Small Finance Bank Limited (Jana Small Finance Bank) is one of the leading Small Finance Banks of India in terms of assets under management and deposit size as at March 31, 2020. Jana Small Finance Bank has the second most geographically diversified portfolio with a pan-India presence among all Small Finance Banks in India as at March 31, 2020 (Source: IRR Report).

As at February 28, 2021, Jana Small Finance Bank had 611 Branches, including 166 Branches in Unbanked Rural Centres, and 134 ATMs located in 229 districts in 19 states and three union territories, according to its official website.