Jana Small Finance Bank (SFB), a DICGC-insured lender, has raised interest rates on fixed deposits of at least Rs. 2 crores. The bank made this announcement on June 15, 2022 and as a result of the amendment, the bank increased the interest rates on deposits of 1 to 5 years. On deposits maturing in 7 days to 10 years, the bank is now giving interest at the rate of 2.50 percent – 6.00 percent to the general public and 3.30 percent to 6.80 percent to senior citizens.
Jana Small Finance Bank FD Rates
Jana Small Finance Bank currently offers 2.50 percent interest rate on deposits maturing in 7-14 days and 3.00 percent interest rate on deposits maturing in 15-60 days. Jan SFB will continue to pay 3.75 per cent interest on deposits maturing in 61-90 days and 4.50 per cent on deposits maturing in 91-180 days. The bank will continue to offer 5.50 per cent interest rate on deposits maturing in 181-364 days, but on deposits maturing in one year, Jana Small Finance Bank will now offer 7 per cent interest rate, which was 6.50 per cent earlier, 50 basis Points increase.
Deposits maturing in one year to two years will now yield 7.25 per cent, up from 6.50 per cent earlier, representing an increase of 75 basis points. Deposits maturing in 2 years to 3 years will now get 7.25 per cent in Jana Small Finance Bank from 6.75 per cent earlier, an increase of 50 basis points. Jana Small Finance Bank currently offers the highest interest rate of 7.35 per cent, from 7 per cent earlier, an increase of 35 basis points on deposits of three to five years. On deposits maturing in 5 years[1825 Days]The bank will now offer an interest rate of 7.25 per cent, an increase of 50 basis points from 6.75 per cent earlier, while on deposits maturing in 5 years – 10 years, the interest rate will remain stable at 6.00%.
Seniors will continue to earn an additional 0.80% rate on top of the regular rates. Jana Small Finance Bank offers an interest rate of 3.30 per cent to 6.80 per cent on deposits maturing in 7 days to 10 years to older persons. Senior citizens can earn a maximum interest rate of 8.15 per cent on deposits maturing in three to five years.
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