Jana Bank FD Rates 2023: Jana Small Finance Bank’s Regular Fixed Deposit ensures that your earnings grow steadily and effortlessly. Its key features like attractive interest rates, multiple interest payout options, and zero penalty on premature closure make it the ideal investment for your hard-earned money.
The Jana Bank offers a wide range of Fixed Deposits (FDs) that offer a good rate of return and come with various other benefits. Some of the features of Jana Bank FDs include nomination facility, flexible tenure options, auto renewal facility, different interest payout options, loan/overdraft facility, Etc. It is very easy to open a Jana Bank FD online and this can be done at the click of a button in a paper-free manner.
Key Benefits for Jana Bank FD Rates
A Fixed Deposit (FD) is one of the most popular financial instruments among the general saving public in India as it provides a higher rate of interest than a regular savings account. Fixed Deposit (FD) is the safest of investments that give high returns after a period.
| FEATURES | BENEFITS |
| Attractive Interest Rates |
|
| Low Deposit Amounts | Start depositing with an amount as low as INR 1000 |
| Premature Closure |
|
| Mobile Banking App | Transact conveniently through our Mobile Banking App |
| Cumulative and Non-Cumulative (Monthly / Quarterly / Half-Yearly / Yearly Payout Options) | Freedom to choose the Interest pay-out option |
Jana Bank FD Rates
Rates are Effective Date- 30 May 2023 (subject to change from time to time)
| Tenure | Regular FD Interest Rate (p.a.) | Senior Citizen FD Interest Rate (p.a.) |
| 7-14 Days | 3.75% | 4.25% |
| 15-60 Days | 4.25% | 4.75% |
| 61-90 Days | 5.00% | 5.50% |
| 91-180 Days | 6.25% | 6.75% |
| 181-364 Days | 7.00% | 7.50% |
| 365 Days | 7.25% | 7.75% |
| 366 – 499 Days | 8.50% | 9.00% |
| 501– 730 Days | 8.50% | 9.00% |
| > 2 Years – 3 Years(1095 Days) | 7.35% | 7.85% |
| > 3 Year – < 5 Years | 7.25% | 7.75% |
| 5 Years(1825 Days) | 6.00% | 6.50% |
| > 5 Years – 10 Years | 6.00% | 6.50% |
| 500 Days | 8.50% | 9.00% |
*FD Plus with No Premature Withdrawal Interest Rate (p.a) on deposit of >15 lakhs.
- **Regular FD Interest Rate (p.a) on deposit of < 2 crore.
- ***Senior Citizen FD Interest Rate (p.a) on deposit of < 2 crore.
- The interest is computed based on the actual number of days in a year i.e. 365 days for a non-leap year and 366 days for a leap year. The tenor of Deposit is calculated in number of days.
- *The above card rates are applicable to deposits less than INR 2 Crore.
- *For interest rates on deposits of INR 2 Crore & above, please contact the nearest branch of Jana Small Finance Bank.
- *In case of premature withdrawal of the deposit, penalty as follows will be applied on the applicable rate of interest for the duration which the deposit is maintained with us:
- Fixed Deposit less than INR 200 Lakhs – 0.5%
- Fixed Deposits greater than or equal to INR 200 Lakhs – 1%
Jana Bank FD Eligibility Criteria
- Both new and existing customers of Jana Small Finance Bank can open a Fixed Deposit.
- Following are the types of customers who can open fixed deposit accounts: Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO and, Private Limited.
How to Apply for Jana Bank FD
- Visit the nearest branch of Jana Small Finance Bank and our Relationship Manager will guide you on the application process.
- You can also contact us and our Customer Care Executive will fix a service appointment with our Relationship Manager to help you with the application process.
Documents Required
a) Individuals
- Aadhaar/ Proof of application of Aadhaar enrolment which is not older than six months and
- PAN/Form 60 (In case of Form 60, one certified copy of OVD* to be submitted) and
- FATCA Declaration which is part of the account opening form
- Recent Photograph
b) Hindu Undivided Family
- Aadhaar/ Proof of application of Aadhaar enrolment of Karta/existing authorised signatories)
- PAN/Form 60 (In case of Form 60, one certified copy of OVD* to be submitted) of HUF
- PAN/Form 60 (In case of Form 60, one certified copy of OVD* to be submitted) of Karta /existing authorised signatories)
- Declaration from the Karta and Joint Hindu Family letter signed by all the adult holders as per format Annexure 2 attached
- Recent Photograph of Karta/authorised signatories
- FATCA Declaration which is part of the account opening form
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