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This Bank Revises Interest Rates On Savings Account Now Get Up To 6.50%
Jana Small Finance Bank has a variety of savings accounts to select from, depending on your needs and individuality. Aside from the ease of opening an account online, the bank offers competitive interest rates on your savings account balance. The bank has revised its savings account interest rates, which are effective from 11th October 2021, and upon the most recent revision, Jana Small Finance Bank is now offering up to 6.50 percent interest rates on savings accounts along with a deposit safety of up to Rs 5 lakhs provided by DICGC.
Types of savings accounts
Jana Small Finance Bank is offering the following types of savings accounts to its customers.
Premium Savings Account
- Get Elite Lifestyle Benefits
- Complimentary Golf Lessons
- No Fees Banking Services
- Average Monthly Balance: Metro - INR 2,00,000/- and Non Metro - INR 1,00,000/-
Silver Premium Account
- Get Complimentary Health Check-up
- Discount on Yoga Sessions
- No Fees Banking Services
- Average Monthly Balance: Metro - INR 1,50,000/- and Non-Metro - INR 75,000/-
Savings Plus Account
- Domestic Airport Lounge Access
- No Charge on NEFT/RTGS
- Expense Management App
- Average Monthly Balance: Metro - INR 50,000/- and Non-Metro - INR 25,000/-
Video KYC Account
- Unrestricted balances/deposits
- Open this account through quick video KYC
- Resident individuals having a minimum age limit of 18 years can open this account
Salary Account
- No charge on NEFT/RTGS
- Expense Management App
- Free Debit Card
- Domestic Airport lounge access etc.
DIGIGEN Savings Account
- Instant Account Opening
- No Charge on NEFT/RTGS
- Doorstep KYC service
- 24/7 fund transfer facility
- Get up to 3% interest p.a on Savings Account and 6% on Fixed deposit
Jana Small Finance Bank Savings Account Interest Rates
Jana Small Finance Bank has modified its savings account interest rates, which are in effect on October 11, 2021. The applicable interest rates will be determined based on the daily account balance, and interest will be paid quarterly.
| Savings Account Balance | Interest Rate Per Annum | Illustration |
|---|---|---|
| > 0 and upto 1 lakh | 3.00% | 3.00% will be paid on incremental balances above Rs. 0 & up to Rs. 1 Lakh |
| More than 1 lakh and Upto 10 Lakhs | 6.00% | 6.00% will be paid on incremental balances above Rs. 1 Lac & up to Rs. 10 Lacs |
| More than 10 Lakhs and Upto 50 Crores | 6.50% | 6.50% will be paid on incremental balances above Rs. 10 Lacs & up to Rs. 50 Crores |
| More than Rs. 50 Crores | 6.50% | 6.50 % will be paid on incremental balances above Rs. 50 Crores |
| Source: Bank Website, Rates are effective from 11/10/2021 |
How to apply for a savings account with Jana Small Finance Bank?
Customers who want to apply for a savings account at Jana Small Finance Bank can follow the steps below for effective submission of the application.
- Visit https://www.janabank.com/ and go to the "Individual" section.
- Now from the drop-down list click on "Savings Account"
- Click on "Apply Now" and then click on the button "Start Now"
- Now select the type of account which you want to open. You can select from Savings + FD account, Savings Account and Current Account.
- Once you make your selection, accept the terms and conditions and proceed further to provide your mobile number and email ID.
- Fill in all the required details and then complete the video KYC procedure to open your savings account successfully.
