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Jana Finance Bank FD Interest Rates 2021

Jana Finance Bank FD Interest Rates

Last Updated 12th May 2021

When it comes to the FD interest rate, the highest rate offered on Jana Small Finance Bank FD is 6.75%. Latest Jana Small Finance Bank FD interest rate for senior citizens, on the other hand ranges between 3.00% to 7.25%.

Tenure FD interest rates Senior Citizen FD interest rates
7 days to 14 days 2.50% 3.00%
15 days to 60 days 3.00% 3.50%
61 days to 90 days 3.75% 4.25%
91 days to 180 days 4.50% 5.00%
181 days to 364 days 5.50% 6.00%
Earn upto 6.95% on FD APPLY NOW

Jana Finance Bank Fixed Deposit Features

Jana Small Finance 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 Jana Small Finance Bank Fixed Deposit are:

  • Deposit Amount : Jana Small Finance Bank FD can be opened with an amount as a low ₹ 1,000 to up to No limit.
  • FD Tenure : Ranges between 7 days to 4 years 364 days.
  • Interest Rate Range : 2.50% p.a. to 6.75% p.a.
  • Senior Citizens FD Rate : 3.00% to 7.25% p.a.
  • Highest Interest Rate : As per today’s rate, Jana Small Finance Bank’s highest interest rate on FD is 6.75% offered for a tenure of 4 years 364 days.
  • Safety of Jana Small Finance Bank Deposits : Jana Small Finance 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 : Jana Small Finance 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 : Regular Deposit, FD Plus , Deposit Of 2 Crore And Above, Jana Small Finance Bank Tax Savers FD

Jana Small Finance Bank FD Interest Rates Today

Interest rates on Jana Small Finance Bank deposits are updated regularly by the Government of India. The following are updated Jana Small Finance Bank FD interest rates 2021:

Tenure Interest Rate
7 days to 14 days 2.50%
15 days to 60 days 3.00%
61 days to 90 days 3.75%
91 days to 180 days 4.50%
181 days to 364 days 5.50%
1 year 6.25%
1 year 1 day to 2 years 6.50%
2 years 1 day to 3 years 6.50%
3 years 1 day to 4 years 364 days 6.75%
5 years 6.00%
5 years 1 day to 10 years 6.50%

Jana Small Finance 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, Jana Small Finance Bank offers a higher interest rate to senior citizens than the general public. Listed below are the Jana Small Finance Bank fixed deposits interest rates for senior citizens 2021:

Tenure Interest Rate for senior citizens
7 days to 14 days 3.00%
15 days to 60 days 3.50%
61 days to 90 days 4.25%
91 days to 180 days 5.00%
181 days to 364 days 6.00%
1 year 6.75%
1 year 1 day to 2 years 7.00%
2 years 1 day to 3 years 7.00%
3 years 1 day to 4 years 364 days 7.25%
5 years 6.50%
5 years 1 day to 10 years 7.00%

Best FD Plan as per Jana Small Finance Bank FD Rates

To invest in Jana Small Finance Bank fixed deposit, you must compare Jana Small Finance Bank Fixed Deposit Rates for varying tenures. Jana Small Finance Bank FD Interest Rates 2021 are best for the deposits with a tenure of 3 years 1 day to 4 years 11 months 4 days, wherein the current Jana Small Finance Bank Fixed Deposit Interest Rates is 6.75 p.a.

If you are looking to invest in short term deposits with Jana Small Finance Bank, the interest rate of Jana Small Finance Bank for FD ranges from 2.50% p.a. to 5.50% 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 Jana Small Finance Bank Fixed Deposit Rates for senior citizens range from 3.00% to 6.00% p.a.

If you want to invest in long term deposits, Jana Small Finance Bank Fixed Deposit Rates with tenure ranging from 5 years to 10 years are a good choice with interest rates on deposits at 6.50%.Jana Small Finance Bank Senior citizens FD Rates are offered at special rates with the highest deposit rates of7.00% p.a. on long term FDs.

Below-mentioned is some of the benefits of opening an FD account in Jana Small Finance Bank:

  • Interest on deposit is paid only at the time of the maturity
  • Jana Small Finance Bank also offers a nomination facility on its fixed deposits.
  • Extra interest of 0.25% to 0.50% is payable to the senior citizens.
  • Availability of auto-renewal facility on the deposit.
  • Earn higher returns on the money deposited.

Jana Small Finance Bank Fixed Deposit Rate Trends

Jana Small Finance Bank has cut interest rates on fixed deposits with effect from 11 May, 2021. The new Jana Small Finance Bank highest FD rate is currently at 6.75%, which is an decrease of 0.75% from the previous highest rate of 7.50%. Currently, Jana Small Finance Bank FD rate for upto 1 year is 2.50% and 6.75% for 5 year FD.

Documents required to open Fixed Deposit Account in Jana Small Finance Bank

  • Identity proof
  • Proof of residence
  • Passport size photograph
  • Age proof (Birth certificate, matriculation certificate, etc,)
  • Passport size photographs
  • Bank A/c details

Jana Small Finance Bank Fixed Deposit Rates – Premature Withdrawal

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

Loan against Fixed Deposit Jana Small Finance Bank

Jana Small Finance Bank offers loans up to 0% against its own deposit. Note that Jana Small Finance Bank will not give you loan against FD of any other bank. Jana Small Finance Bank offers Loan against FD at the rate of 3.5% to 7.75%

FD Account Opening Process at Jana Small Finance Bank

To open an Jana Small Finance Bank Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of Jana Small Finance 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 SBI FD after reading the terms and conditions.

To open a Fixed Deposit account in Jana Small Finance 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 Jana Small Finance Bank FD after reading the terms and conditions.

Nomination Facility on Jana Small Finance Bank FD

Jana Small Finance 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 Jana Small Finance Bank FD account. The nominee has to submit his/her identification proof at the time of claim.

Jana Small Finance Bank Fixed Deposit Scheme

Regular Deposit

Description:

  • Jana Small Finance Small Bank FD ease of investment, moderate returns, high liquidity and the safety of funds make it a competent FD. Jana Small Finance Bank is a viable option to park surplus for growing money.
  • The minimum initial deposit should be Rs. 1000.
  • Cumulative and non-cumulative interest payout options available.
  • Premature withdrawl option is available.

Who is eligible?

  • Individuals Minors Proprietorship Hindu Undivided Families Registered and Unregistered Body Private Limited NGO Partnerships Trusts Cooperative Society
FD Plus

Description:

  • FD plus provides high-interest rates and safety for the lumpsum amount. It offers a higher interest rate than the Regular FD and thus becomes an excellent investment to grow hard-earned money.
  • The minimum initial amount should be Rs. 15,00,001
  • It offers higher interest rate than the regular FD

Who is eligible?

  • Individuals Minors Proprietorship Hindu Undivided Families Registered and Unregistered Body Private Limited NGO Partnerships Trusts Cooperative Society
Deposit Of 2 Crore And Above

Description:

  • Jana Bank Fixed Deposit of Rs.2 Crores And Above is designed explicitly for HNIs, Corporates, SSO and government institutions to invest their surplus funds and earn high-interest rates.
  • It has a minimum deposit value of Rs. 2 crores.
  • Premature withdrawal facility is available.

Who is eligible?

  • Individuals Minors Proprietorship Hindu Undivided Families Registered and Unregistered Body Private Limited NGO Partnerships Trusts Cooperative Society
Jana Small Finance Bank Tax Savers FD

Description:

  • Tax-saving FD allows one to save tax under section 80C of the Income Tax Act. The minimum tenure for a term deposit under Tax Saving Scheme is five years. Under this, one can get a tax exemption of a maximum of Rs.1.5 lakh.
  • It has a minimum deposit value of Rs. 100

Who is eligible?

  • Individuals Hindu Undivided Families

FAQs

What is the highest fixed deposit interest rate for Jana Small Finance Bank?

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

Are there any special rates for senior citizens FD of Jana Small Finance 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 2.50% to 6.75%. Compared to this, Jana Small Finance Bank senior citizens FD are in the range of 3.00% to 7.25%.

What are the current Jana Small Finance Bank FD interest rates 2021?

Current interest for FD in Jana Small Finance Bank ranges between 2.50% - 6.75%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with Jana Small Finance Bank?

The minimum deposit amount required to book an FD with Jana Small Finance Bank is ₹ 1,000.

Did Jana Small Finance Bank increase FD rates in 2021?

No, Jana Small Finance Bank has reduced its Fixed Deposit rates by upto 0.75%. The best rate on Jana Small Finance Bank FD has been cut to 6.75% from 7.50% earlier. The fixed deposit rates of Jana Small Finance Bank are now in the range of 2.50% to 6.75% with effect from 11 May, 2021.

Is it possible to change the tenure of my existing fixed deposit account with Jana Small Finance 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 Jana Small Finance 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 Jana Small Finance Bank?

Yes, you can submit your application for opening an FD account on the website of Jana Small Finance 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 Jana Small Finance 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 6.75%. For Jana Small Finance Bank FD the number of years in which your FD will get doubled is; 72/6.75 = 11

What is the interest of 1 lakh in the Jana Small Finance Bank?

The interest on Jana Small Finance Bank fixed deposit depends on the tenure of the FD for which it is deposited. Below mentioned is the Jana Small Finance Bank FD interest rate 2021 across different tenures.

TenureInterest Rate
7 days to 14 days 2.50%
15 days to 60 days 3.00%
61 days to 90 days 3.75%
91 days to 180 days 4.50%
181 days to 364 days 5.50%
1 year 6.25%
1 year 1 day to 2 years 6.50%
2 years 1 day to 3 years 6.50%
3 years 1 day to 4 years 364 days 6.75%
5 years 6.00%
5 years 1 day to 10 years 6.50%


Jana Finance Bank News - May 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 subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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