JK Bank News - Jan 2021
- 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.
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