Jana Small Finance Bank Hikes Interest Rates On FDs By 25 Bps (W.e.f. 5th May 2022)

On domestic fixed deposits of less than Rs 2 crore, the DICGC-insured Jana Small Finance Bank has raised interest rates by 25 basis points. The announcement has been published today, May 5th, 2022, and the bank has raised interest rates on deposits maturing in three to five years from 6.75 per cent to 7% as a result of the modification. The bank has kept the interest rates on the remaining tenors unchanged.

Jana Small Finance Bank Regular FD Rates

Domestic term deposits of less than INR 2 crore maturing in 7-14 days would pay a 2.5 per cent interest rate, while deposits maturing in 15-60 days will have a 3 per cent interest rate. The bank will give a 3.75 per cent interest rate on deposits maturing in 61-90 days, and 4.50 per cent on deposits maturing in 91-180 days. Jana Small Finance Bank will now provide a 5.50 per cent interest rate on deposits maturing in 181-364 days, and a 6.5 per cent interest rate on deposits maturing in 1 year [365 days] and more than 1 year to 2 years. Fixed deposits maturing in 2 to 3 years will enjoy a 6.75 per cent interest rate, while deposits maturing in 3 to 5 years will pay a 7 per cent interest rate, up from 6.75 per cent previously. Regular customers will get a 6.75 per cent interest rate on 5 years [1825 days] or tax-saving fixed deposits, and a 6.00 per cent interest rate on long term deposits of 5 years to 10 years.

Period	Interest Rate (p.a.)
7-14 days	2.50%
15-60 days	3.00%
61-90 days	3.75%
91-180 days	4.50%
181-364 days	5.50%
1 Year [365 Days]	6.50%
More than 1 Year - 2 Years	6.50%
More than 2 Years - 3 Years	6.75%
More than 3 Years to less than 5 Years	7.00%
5 Years [1825 Days]	6.75%
More than 5 Years - 10 Years	6.00%
Source: Bank Website. Effective from 05th May 2022

Jana Small Finance Bank FD Rates For Senior Citizens

Senior citizens will continue to receive an additional 0.80 per cent rate over and above the regular rates. Senior citizens would get interest rates ranging from 3.30 per cent to 6.80 per cent on accounts maturing in seven days to ten years, with the maximum rate of 7.80 per cent on deposits maturing in three to five years.

Period	Interest Rate (p.a.)
7-14 days	3.30%
15-60 days	3.80%
61-90 days	4.55%
91-180 days	5.30%
181-364 days	6.30%
1 Year [365 Days]	7.30%
More than 1 Year - 2 Years	7.30%
More than 2 Years - 3 Years	7.55%
More than 3 Years to less than 5 Years	7.80%
5 Years [1825 Days]	7.55%
More than 5 Years - 10 Years	6.80%
Source: Bank Website. Effective from 05th May 2022

Jana Small Finance Bank RD Rates

Period	Regular RD Interest Rate (p.a.)	Senior Citizen RD Interest Rate (p.a.)
More than 1 Month - 6 Months	4.00%	4.80%
More than 6 months to less than 12 Months	5.50%	6.30%
12 Months - 24 Months	6.50%	7.30%
More than 24 Months - 36 Months	6.75%	7.55%
More than 36 Months - 60 Months	7.00%	7.80%
More than 60 Months - 120 Months	6.00%	6.80%
Source: Bank Website. Effective from 05th May 2022