Best FD Interest Rate: This Popular Bank Offers Citizens 8.80% Interest Rates

Banks have been raising interest rates on fixed deposits to attract depositors. Latest in the line is Jana Small Finance Bank. The bank increased its interest rates for fixed deposits beginning from February 1, 2023 and on recurring deposits starting from February 1, 2023.

After the hike, Jana Small Finance Bank is offering maximum interest rate of up to 8.80% p.a. interest rate to senior citizens on Recurring Deposits beginning from February 1, 2022.

Jana Small Finance is offering maximum interest rate of 8.80% p.a. to senior citizens for FDs for the period of 2 years to 3 years. Regular citizens can get maximum 8.10% p.a. interest rate for fixed deposits for FDs maturing in 2 years to 3 years.

The bank's minimum interest rate for regular citizens begins at 3.75% p.a. for FDs maturing in 7 to 14 days while senior citizens will get 4.45% interest rate for this tenure.

For FDs for the tenure of 5 years to 10 years, the bank is offering 6% interest rate to regular citizens and 6.70% interest rate to senior citizens.

For recurring fixed deposits, the bank is offering maximum 8.80% interest rate per annum to senior citizens for the tenure of 24 months to 36 months while regular citizens will get 8.10% interest rate per annum.

Jana Small Finance Bank is a small finance bank headquartered in Bangalore, India.