Jana Finance Bank FD Calculator
Jana Small Finance Bank Fixed Deposit Calculator 2022
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 | Interest Rate for General Public | Interest Rate for Senior Citizens | Max Maturity Amount per Lakh |
|---|---|---|---|
| 7 days to 14 days | 2.50% | 3.00% | ₹ 1,00,048 - ₹ 1,00,115 |
| 15 days to 60 days | 3.00% | 3.50% | ₹ 1,00,123 - ₹ 1,00,575 |
| 61 days to 90 days | 3.75% | 4.25% | ₹ 1,00,627 - ₹ 1,01,048 |
| 91 days to 180 days | 4.50% | 5.00% | ₹ 1,01,122 - ₹ 1,02,481 |
| 181 days to 364 days | 5.50% | 6.00% | ₹ 1,02,746 - ₹ 1,06,119 |
| 1 year | 6.25% | 6.75% | ₹ 1,06,398 - ₹ 1,06,923 |
| 1 year 1 day to 2 years | 6.50% | 7.00% | ₹ 1,06,679 - ₹ 1,14,888 |
| 2 years 1 day to 3 years | 6.50% | 7.00% | ₹ 1,13,784 - ₹ 1,23,144 |
| 3 years 1 day to 4 years 364 days | 6.75% | 7.25% | ₹ 1,22,262 - ₹ 1,43,198 |
| 5 years 1 day to 10 years | 6.50% | 7.00% | ₹ 1,38,067 - ₹ 2,00,160 |
| 5 years | 6.00% | 6.50% | ₹ 1,34,686 - ₹ 1,38,042 |
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Jana Small Finance Bank Fixed Deposit Calculator
Jana Small Finance Bank fixed deposit calculator helps you calculate maturity value of your deposited amount at the interest rate which is compounded 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.
How to Use MyLoanCare FD Calculator
Here is a simple procedure to use MyLoanCare FD calculator:-
Jana Small Finance Bank Fixed Deposit Interest Rate Calculator – Interest Payment Options
How is Jana Small Finance Bank FD Rate Calculated?
Jana Small Finance Bank calculates fd interest in two ways, one is cumulative and non-cumulative as discussed above. It is a decision made by you whether you want interest payout at the end of the tenure or monthly, quarterly, half-yearly or yearly. To earn more money you can go for a cumulative method because interest earned throughout the tenure is added to the principal amount and is compounded then. However, if you are looking for monthly income or so then you can go for non-cumulative.
Jana Small Finance Bank FD Maturity Calculation for 5 Year
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.
Let’s understand how much interest you will earn if you invest ₹ 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 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 | |||
| 2022 | ₹ 6,923 | ₹ 1,06,923 | ₹ 7,450 | ₹ 1,07,450 | ||
| 2023 | ₹ 7,402 | ₹ 1,14,325 | ₹ 8,004 | ₹ 1,15,454 | ||
| 2024 | ₹ 7,914 | ₹ 1,22,239 | ₹ 8,601 | ₹ 1,24,055 | ||
| 2025 | ₹ 8,462 | ₹ 1,30,701 | ₹ 9,241 | ₹ 1,33,296 | ||
| 2026 | ₹ 9,048 | ₹ 1,39,749 | ₹ 9,930 | ₹ 1,43,226 | ||
Jana Small Finance Bank FD Calculator Formula
Along with an 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 –
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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 deposits.
✅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.You can also use Jana Small Finance Bank fd calculator to calculate the maturity amount. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.05%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.05 = 10.21. 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.
✅Can I withdraw my premature FD from Jana Small Finance Bank?
Yes, you can withdraw your premature FD amount if you want money before the tenure ends.
✅How can I calculate Jana Small Finance Bank premature FD amount?
To calculate premature FD amount you can use Jana Small Finance Bank bank fd calculator. All you have to put is the value of the invested amount, tenure, interest rate and premature penalty rate (if any).
- 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%.
