As per the Jana Small Finance Bank’s website, the bank has made changes to its interest rates for fixed deposits below Rs 2 crore, effective from May 30, 2023.
Latest FD Rates by Bank
Here are the latest Jana SFB FD rates:
• For deposits maturing in 7-14 days, the bank offers an interest rate of 3.75%.
• Deposits maturing in 15-60 days will earn an interest rate of 4.25%.
• Tenors of 61-90 days will receive an interest rate of 5.00%, while tenors of 91-180 days will earn 6.25% interest.
• Deposits with a maturity period of 181-364 days will earn an interest rate of 7.00%.
• Deposits maturing in 1 year (365 days) will receive an interest rate of 7.25%.
• Deposits maturing in 366 days to 2 years, the bank offers an interest rate of 8.50%.
• Deposits maturing in 2 to 3 years will earn an interest rate of 7.35%.
• Deposits maturing in 3 to 5 years will earn an interest rate of 7.25%.
• Deposits maturing in 5 to 10 years will earn an interest rate of 6.00%.
Jana Small Finance Bank’s Other Interest Rates
Jana SFB also offers a special 500-day deposit with an interest rate of 8.50% for regular citizens.
For senior citizens, Jana SFB provides interest rates ranging from 4.25% to 9%. The highest interest rate of 9% is offered on tenures of 366-499 days, 501 days to 2 years, and 500 days. The special rates are applicable only to Resident Indian Senior Citizens aged 60 years and above.
Regarding premature deposits, the applicable interest rate for premature closure will be the lower of the rate for the original/contracted tenure or the rate existing on the date of deposit for the tenure for which the deposit was in force with the Bank.
