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Jana Finance Bank FD Calculator

Jana Small Finance Bank Fixed Deposit Interest Calculator

Last Updated 25th Jun 2021

Jana Small Finance Bank FDs have tenures ranging from 3 years 1 day to 4 years 11 months 4 days with maximum rate of interest of 6.75%. Interest rates for senior citizens are higher than the normal rates and ranges upto 7.25%.

Tenure Rates Maturity Amount for ₹ 1 Lakh
7 days to 14 days 2.50% to 3.00% ₹ 1,00,048 - ₹ 1,00,115
15 days to 60 days 3.00% to 3.50% ₹ 1,00,123 - ₹ 1,00,575
61 days to 90 days 3.75% to 4.25% ₹ 1,00,627 - ₹ 1,01,048
91 days to 180 days 4.50% to 5.00% ₹ 1,01,122 - ₹ 1,02,481
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Jana Small Finance Bank Fixed Deposit Calculator

Jana Small Finance Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in Jana Small Finance Bank. Bank may allow higher interest rate on larger deposits. Jana Small Finance Bank offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. Jana Small Finance Bank offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by Jana Small Finance Bank is 6.75% for deposit amount Below 2 crores corresponding to a deposit tenure of 3 years 1 day to 4 years 11 months 4 days.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 2.50% for a 3 years 1 day FD and a rate of 6.75% for a 4 years 11 months 4 days FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 2.50%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      Jana Small Finance Bank calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

Jana Small Finance Bank Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, Jana Small Finance Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Jana Small Finance Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

FD Maturity Calculator

The interest earned on a fixed deposit in Jana Small Finance Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on Jana Small Finance Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of Jana Small Finance Bank FD.

Suppose if you make an investment of ₹ 1,00,000 in Jana Small Finance Bank FD for a 5-year tenure at an interest rate of 6.75% for depositors below 60 years and 7.25% for senior citizens. The maturity amount for this deposit amount is ₹ 1,39,750 and the total interest earned is ₹ 39,750 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 43,226 which is higher. The maturity schedule of Jana Small Finance Bank FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 6.75% for Citizens below 60 years and at 7.25% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2021 ₹ 3,403 ₹ 1,03,403 ₹ 3,658 ₹ 1,03,658
2022 ₹ 7,158 ₹ 1,10,561 ₹ 7,722 ₹ 1,11,380
2023 ₹ 7,654 ₹ 1,18,215 ₹ 8,297 ₹ 1,19,677
2024 ₹ 8,184 ₹ 1,26,399 ₹ 8,915 ₹ 1,28,592
2025 ₹ 8,750 ₹ 1,35,149 ₹ 9,579 ₹ 1,38,171
2026 ₹ 4,600 ₹ 1,39,749 ₹ 5,054 ₹ 1,43,225

Jana Small Finance Bank FD Calculator Formula

Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on Jana Small Finance Bank FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

Other Investment Calculators

FAQs

What is the highest interest earned on Jana Small Finance Bank fixed deposit?

You can earn a maximum interest of 6.75% on Jana Small Finance Bank fixed deposit.

How is Jana Small Finance Bank FD interest calculated?

The formula to calculate interest on Jana Small Finance Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

How many years FD will double in Jana Small Finance Bank?

The growth of Jana Small Finance Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in Jana Small Finance Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Jana Small Finance Bank.

What are the minimum and maximum amounts that I can invest in an Jana Small Finance Bank FD?

The minimum investment limit in Jana Small Finance Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.


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Jana Finance Bank News - Jul 2021
  • 2021-05-12 : Revised FD rates for Jana Small Finance Bank
    Jana Small Finance Bank changed its FD rates with effect from May 3, 2021. The FD rates for 7 to 14 days is 2.50%, for 15 to 60 days it is 3%. The fixed deposit rate for a tenor of 61 to 90 days is 3.75%, for 91 to 180 days it is 4.50%, and it is 5.50% for 181 to 364 days. Further, FD rates for 365 days is 6.25%, fixed deposit rate for 1 year one day to 3 years is 6.50 %, and it is 6.75% for 3 years 1 day to 4 years 364 days. . The FD rates for 5 years is 6%, and for a tenor of 5 years and 1 day to 10 years the fixed deposit rate is 6.50%.
  • 2020-03-06 : FD Rates Revised By Jana Bank
    Jana small finance bank changed its FD rates with effect from March 3, 2020. The FD rates for 7 to 14 days are 5.00%, for 15 to 54 days it is 5.25%, and for 55 days it is 5.55%. The fixed deposit rate for a tenor of 56 to 90 days is 6.25%, for 91 to 180 days, it is 7.00%, and it is 7.50% for 181 to 364 days. Further, FD rates for 365 days is 8.00%, for 366 days to 554 days it is 7.75 %, and it is 8.15% for 555 days. The fixed deposit rate for long tenors of 566 days to 1554 days is 7.75%, for 1555 days is 8.25%, and 1556 days to 1824 days is 7.75%. The FD rates for 5 years is 8.00%, and for a tenor of 5-10 years, it is 7.00%.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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