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JK Bank FD Interest Rates 2022

Jammu And Kashmir Bank Fixed Deposit Interest Rate: Today

Last Updated 20th Jan 2022

When it comes to the FD interest rate, the highest rate offered on Jammu And Kashmir Bank FD is 5.30%. Latest Jammu And Kashmir Bank FD interest rate for senior citizens, on the other hand, ranges between 3.50% to 5.80%.You can earn up to ₹ 26,500 per lakh by investing some money in a fixed deposit account.

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
7 days to 30 days 3.00% 3.50%
31 days to 45 days 3.10% 3.65%
46 days to 90 days 3.25% 3.75%
91 days to 180 days 4.00% 4.50%
181 days to 270 days 4.40% 4.90%
Earn upto 7.05% on FD APPLY NOW

JK Bank Fixed Deposit Features

Jammu And Kashmir Bank FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of Jammu And Kashmir Bank Fixed Deposit are:

  • Deposit Amount : Jammu And Kashmir Bank FD can be opened with an amount as a low to up to No Limit.
  • FD Tenure : Ranges between 7 days to 10 years.
  • Interest Rate Range : 3.00% p.a. to 5.30% p.a.
  • Senior Citizens FD Rate : 3.50% p.a to 5.80% p.a.
  • Highest Interest Rate : As per today’s rate, Jammu And Kashmir Bank’s highest interest rate on FD is 5.30% offered for a tenure of 10 years.
  • Safety of Jammu And Kashmir Bank Deposits : Jammu And Kashmir Bank deposits are covered under the Deposit Insurance Scheme of RBI in which up to ₹ 5 lakh of all deposits of a depositor are insured by DICGC.
  • Loan against FD : Jammu And Kashmir Bank provides loan against FD to help its depositor meet their liquidity requirements without breaking the FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Standard Fixed Deposit

Jammu And Kashmir Bank FD Interest Rates Today

Interest rates on Jammu And Kashmir Bank deposits are updated regularly by the Government of India. The following are updated Jammu And Kashmir Bank FD interest rates 2022:

Tenure Interest Rate
7 days to 30 days 3.00%
31 days to 45 days 3.10%
46 days to 90 days 3.25%
91 days to 180 days 4.00%
181 days to 270 days 4.40%
271 days to 364 days 4.50%
1 year to 1 year 364 days 5.10%
2 years to 2 years 364 months 5.20%
3 years to 5 years 5.30%
5 years to 10 years 5.30%

Jammu And Kashmir Bank FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, Jammu And Kashmir Bank offers a higher interest rate to senior citizens than the general public. Fixed deposit interest rates for senior citizens in Jammu And Kashmir Bank 2022 are as follows:

Tenure Interest Rate for senior citizens
7 days to 30 days 3.50%
31 days to 45 days 3.65%
46 days to 90 days 3.75%
91 days to 180 days 4.50%
181 days to 270 days 4.90%
271 days to 364 days 5.00%
1 year to 1 year 364 days 5.60%
2 years to 2 years 364 months 5.70%
3 years to 5 years 5.80%
5 years to 10 years 5.80%

Jammu And Kashmir Bank Fixed Deposit Rates – Premature Withdrawal

You can close your Jammu And Kashmir Bank FD account prematurely, however Jammu And Kashmir Bank charges a penalty of for premature withdrawal. Also, The penal provisions for premature closure on Jammu And Kashmir Bank FD are subject to change from time to time and may also vary with deposit schemes.

Nomination Facility on Jammu And Kashmir Bank FD

Jammu And Kashmir Bank also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an Jammu And Kashmir Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

Earn upto ₹ 26,500 Per Lakh on Jammu And Kashmir Bank Fixed Deposit?

To earn ₹ 26,500 per lakh on an online FD for 60 months:-

  • Investment Amount - ₹ 1,00,000
  • FD Interest Rate - 5.30%
  • Tenure - 60 months
  • Calculation formula - Simple interest
  • Interest Payout - ₹ 26,500
  • FD Maturity Amount - ₹ 1,26,500

Note: Before investing in a fixed deposit account, you must compare the FD rates offered by different financial institutions. This way, you can earn the maximum returns.

FD Account Opening Process at Jammu And Kashmir Bank

To open an Jammu And Kashmir Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of Jammu And Kashmir Bank and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the Jammu And Kashmir Bank FD after reading the terms and conditions.

Loan Against Fixed Deposit Jammu And Kashmir Bank

Jammu And Kashmir Bank offers loans up to 0% against its own deposit. Note that Jammu And Kashmir Bank will not give you loan against FD of any other bank. Jammu And Kashmir Bank offers Loan against FD at the rate of 4% to 6.3%

FAQs

What is the highest fixed deposit interest rate for Jammu And Kashmir Bank?

You can earn a maximum interest of 5.30% on Jammu And Kashmir Bank fixed deposit deposits for a tenure of 10 months.

Are there any special rates for senior citizens FD of Jammu And Kashmir Bank?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 3.00% to 5.30%. Compared to this, Jammu And Kashmir Bank senior citizens FD are in the range of 3.50% to 5.80%.

What are the current Jammu And Kashmir Bank FD interest rates 2022?

Current interest for FD in Jammu And Kashmir Bank ranges between 3.00% - 5.30%. for different tenure.The highest rate is offered on a tenure 5.80 months/years. For senior citizens the interest rates ranges bweteen 3.50% - 5.80%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with Jammu And Kashmir Bank?

The minimum deposit amount required to book an FD with Jammu And Kashmir Bank is and there is no limit for maximum amount.

Is it possible to change the tenure of my existing fixed deposit account with Jammu And Kashmir Bank?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with Jammu And Kashmir Bank without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in Jammu And Kashmir Bank?

Yes, you can submit your application for opening an FD account on the website of Jammu And Kashmir Bank. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in Jammu And Kashmir Bank?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 5.30%. For Jammu And Kashmir Bank FD the number of years in which your FD will get doubled is; 72/5.30 = 14

What is the interest of 1 lakh in the Jammu And Kashmir Bank?

The interest on Jammu And Kashmir Bank fixed deposit depends on the tenure of the FD for which it is deposited. The highest interest rate is 5.30% for tenure and banks offer senior citizens little more, which is 5.80%.


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JK Bank News - Jan 2022
  • 2021-11-01 : Jammu and Kashmir Bank Revises FD Rates
    Jammu and Kashmir Bank has revised the interest rate for fixed deposits on different tenures. The bank is offering an interest rate of 5.30 percent for 3 year to 5 year tenure. Senior citizens will get a 0.50 percent higher interest rate than the general rate.
  • 2020-05-14 : Jammu and Kashmir Bank revised its FD rates
    Jammu and Kashmir Bank revised the fixed deposits rates, which are in effect from 11 January 2020. FD rates for 7 to 30 days is 3.50%, for 31 to 45 days it is 3.75% and 46 to 180 days it is 4.50%. Fixed deposits rate for 181 to 270 days is 5% and for 271 days to less than one year is 5.25%. The rate for long tenors of one year to less than three years is 5.70% and for three years to less than 10 years, the rate stands at 5.50%. The revised rates will be effective from 11 May 2020.
  • 2020-01-13 : Jammu and Kashmir Bank revised its FD rates
    Jammu and Kashmir Bank revised the fixed deposits rate which are in effect from 11 January 2020. FD rates for 7 to 30 days is 4.50%, for 31 to 45 days it is 5% and 46 to 180 days it is 5.50%. Fixed deposits rate for 181 to 270 days and 271 days to one year is 5.75% and 6%. Rate for long tenors of one year to two years is 6.25%and 2 years to less than 3 years is 6.30%. Further, the Fixed deposit rate for 3 years to 5 years is 6.25% and 5 years to 10 years is 6%.
  • 2019-10-18 : Revised Fixed Deposit rates by Jammu and Kashmir Bank
    Jammu and Kashmir Bank revised its interest rates on Fixed Deposits for October. The revised interest rate for 7-30 days is 4.75, for 31-45 days it is 5.25, the rate for 46-90 days is 5.75, for 91-180 days it is 5.50%, the rate for 181- 270 days is 5.75%, and for 271 days to 1 year, the rate is 6.00%. For longer tenures of 1-5 years, the rate is 6.50%, and for 5-10 years, it is 6.00%. For Senior citizens, the rates differ by an additional 50 basis points.
  • 2019-07-17 : J&K Bank revises interest rates on term deposits
    J&K Bank has revised interest rates on domestic term deposits with immediate effect. The rates have been revised for an amount less than Rs. one crore. For 7 to 30 days, the rate has been revised to 5.00%. While the rate for 1 year has been revised to 7.30 % respectively and for 5 year to 10 year the rate now stands at 6.50%. The revised rates are effective from July 10, 2019.
*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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