JK Bank FD Interest Rates 2021
JK Bank FD Interest Rates
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%.
| Tenure | FD interest rates | Senior Citizen FD interest rates |
|---|---|---|
| 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% |
| 271 days to 364 days | 4.50% | 5.00% |
| 1 year to 1 year 364 days | 5.10% | 5.60% |
| 2 years to 2 years 364 months | 5.20% | 5.70% |
| 3 years to 5 years | 5.30% | 5.80% |
| 5 years to 10 years | 5.30% | 5.80% |
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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:
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 2021:
| 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. Listed below are the Jammu And Kashmir Bank fixed deposits interest rates for senior citizens 2021:
| 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% |
Best FD Plan as per Jammu And Kashmir Bank FD Rates
To invest in Jammu And Kashmir Bank fixed deposit, you must compare Jammu And Kashmir Bank Fixed Deposit Rates for varying tenures. Jammu And Kashmir Bank FD Interest Rates 2021 are best for the deposits with a tenure of 3 years to 10 years, wherein the current Jammu And Kashmir Bank Fixed Deposit Interest Rates is 5.30 p.a.
If you are looking to invest in short term deposits with Jammu And Kashmir Bank, the interest rate of Jammu And Kashmir Bank for FD ranges from 3.00% p.a. to 4.50% p.a. These deposits are known as short term deposits and are offered with a tenure of 7 days to less than 365 days. Short term Jammu And Kashmir Bank Fixed Deposit Rates for senior citizens range from 3.50% to 5.00% p.a.
If you want to invest in long term deposits, Jammu And Kashmir Bank Fixed Deposit Rates with tenure ranging from 5 years to 2 years 364 months are a good choice with interest rates on deposits at 5.20%.Jammu And Kashmir Bank Senior citizens FD Rates are offered at special rates with the highest deposit rates of5.70% p.a. on long term FDs.
Below-mentioned is some of the benefits of opening an FD account in Jammu And Kashmir Bank:
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.
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%
Maximum loan tenure is restricted up to the maximum tenure of the FD.
FD Account Opening Process at Jammu And Kashmir Bank
To open an Jammu And Kashmir Bank Fixed Deposit, follow the steps as mentioned below:
To open a Fixed Deposit account in Jammu And Kashmir Bank, you can visit the official website and login to your account. Choose the Fixed Deposit option from the menu and select the Type of FD you want to open and proceed. After this, you have to fill the deposit amount and select ‘Senior Citizen’ option if you are above 60. You have to choose the tenure of deposit and interest payout frequency. Click on Submit to open the Jammu And Kashmir Bank FD after reading the terms and conditions.
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.
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.
✅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 2021?
Current interest for FD in Jammu And Kashmir Bank ranges between 3.00% - 5.30%.
✅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 .
✅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
✅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. Below mentioned is the Jammu And Kashmir Bank FD interest rate 2021 across different tenures.
| 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 year364 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% |
- 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. - 2018-12-14 : Jana Small Finance Bank raises Interest Rates on fixed deposits as well as Recurring Deposits
One of the leading small finance banks, Jana Small Finance Bank has announced an increase in its interest rates on term deposits. Jana Small Finance Bank said in a statement. Upon revision, the deposit holders will earn interest up to 9.6% on their investment while on a fixed deposit of a maturity period or term of three years without a premature withdrawal facility, the interest rate will be 9.25%. The new interest rates will come into effect from December, 14 2018.
