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Jana Small Finance Bank

Jana Finance Bank

Last Updated 23rd Oct 2020

Product Interest Rate
Fixed Deposit 3.50% to 8.00%
Recurring Deposit 6.75% to 9.10%
Savings Account 4.00% to 7.25%
MCLR 12.44% to 13.18%
  • Jana Small Finance Bank offers services like loans, deposits and savings account.
  • Earn high returns on deposits with Jana Small Finance Bank.

Jana Finance Bank

Jana Small Finance Bank was set as a small finance bank as per the regulations made in the Union Budget of 2014-2015. In adherence to how a Small Finance Bank should function, Jana Small Finance Bank is regulated by the Reserve Bank of India under the Banking regulations Act of 1949. The Bank was set to fulfil the needs of the population that has been unbanked and untouched by the commercial banking sector. The functionalities of the Small Finance Banks have been exclusively designed to fulfil the financial needs of the underprivileged masses, by providing basic activities like deposits and lending. Jana Small Finance Bank provides various banking services to its customers like deposits, locker facilities, Insurance facilities, loans, and Internet Banking, among others.

About Jana Small Finance Bank

The current CEO of Jana Small Finance Bank is Mr. Ajay Kanwal. Further, the registered address of the Jana Finance Bank is Jana Small Finance Bank Limited The Fairway Business Park, First Floor, Survey No.10/1, 11/2 & 12/2B, Off Domlur, Koramangala Inner Ring Road, Next to EGL Business Park Challaghatta, Bengaluru - 560071. In case of grievances, customers can contact the Bank’s compliance officer, Mr. Ravi Duvvuru by mailing him at Grievance.redressal@janabank.com or by calling on 080-46020100. In addition to that, to raise any further queries, the compliance officer can be reached out at Jana Small Finance Bank Limited, The Fairway Business Park, First Floor, Survey No.10/1, 11/2 & 12/2B, Off Domlur, Koramangala Inner Ring Road, Next to EGL Business Park Challaghatta, Bengaluru - 560071

Jana Small Finance Bank Loan

Jana Finance Bank offers both secured and unsecured loans to its customers, like Home loans, personal loans, car loans, and business loans at affordable interest rates. Jana Small Finance Bank is accustomed to lend more than 75% of its Adjusted Net Credit for the priority sector. This includes lending funds to poor people for housing, lending to farmers for agriculture and allied activities, lending to micro and small industries, and lending to weaker sections of the society.

Loan products Feature
Personal Loan Unsecured loan offered on the basis of credit score to meet one’s personal expense.
Car Loan Secured loan offered for the purchase of a car, where the car acts as collateral.
Home Loan Secured loan offered for the purchase, renovation or construction of a house.
Gold Loan A secured loan where the borrower can mortgage their gold to borrow funds against it.
Business loan Loans offered to business units for undertaking business activities like purchase of plant and machinery, purchase of equipment, to undertake construction or to meet day to day expenses.

Compare Rates of Small Finance Banks

Jana Finance Bank Netbanking Registration and log in

To add more to the convenience of the customers, Jana Small Finance Bank offers net banking facility to the customers. The bank’s digital banking platform is hassle-free and easy to use. All customers with savings or current accounts can have access to Jana Small Finance Bank net banking or mobile banking platform. One can register for Jana Small Finance Bank net banking by following the below-mentioned steps:

  • Go to the homepage of Jana Small Finance Bank net banking or visit the web portal of Jana Small Finance Bank.
  • On the home page, look out for the option ‘New user registration’ or a similar option.
  • Proceed further, and enter details like bank account number, branch details, registered mobile number, and click on ‘Submit.’
  • As you click on ‘submit’ a one time password is sent to the registered mobile number. Enter the OTP and click on ‘confirm.’
  • Clicking on ‘confirm’ will create your temporary login details with a temporary username. Users can create their password.
  • After creating the password login and creating your permanent username, and accept all terms and conditions.

Why Jana Small Finance Bank?

The Jana Small Finance Bank is a go-to-option when it comes to choosing the right bank for your banking needs because of the following reasons:

  • Jana Small Finance Bank is a retail-focused and customer-centric bank.
  • Jana Small Finance Bank offers a variety of loan products to fulfil the credit needs of different loan borrowers. These are a personal loan, car loan, home loan, gold loan, or business loan. The loans with Jana Finance Bank are offered with easier terms and conditions along with affordable interest rates.
  • Jana Small Finance Bank offers different type of investment options that are tailor-made for different types of investors. The Bank offers various Fixed deposits products such as Regular Deposit, FD Plus, Deposit Of 2 Crore And Above, Jana Small Finance Bank Tax Savers FD. Apart from fixed deposits, the Bank also offers a recurring deposit facility.
  • In addition, Jana Small Finance Bank is a reliable and secure place to deal with when it comes to funding, as the bank is regulated directly by the RBI.
  • Lastly, Jana Finance Bank offers easy and quick banking services, through its online banking portal; thus, customers can check their account balance, apply for a loan, can make a deposit, and can perform other banking functions, from the comfort of their home.

FAQs

Is Jana Small Finance Bank safe?

Similar to commercial banks, Jana Small Finance Bank is safe and secure as it is regularized by RBI.

Can Jana Small Finance Bank accept deposits?

Jana Small Finance Bank is a small finance bank that was set to provide banking activities to the underprivileged people. This bank conduct basic banking activities like deposits and lending.

Is Jana Small Finance Bank approved by RBI?

Jana Small Finance Bank is approved by RBI under the Banking regulations Act of 1949. 

Is Jana Small Finance Bank FD a safe option to invest?

Jana Small Finance Bank provides fixed deposits investment facility to its customers. The Bank provides highest interest of 8.00% to its customers. The interest rate provided by Jana Small Finance Bank is comparatively higher than any commercial bank. Also, the FDs are equally safe in this bank.

Can I take a loan from Jana Small Finance Bank?

Yes, you can opt for a loan from Jana Small Finance Bank. Jana Finance Bank provides loan products loans like home loan, personal loans and business loans, among others.


Jana Finance Bank News - Nov 2020
  • 2020-10-23 : Jana Small Finance Bank plans 600 branches by March next year
    Jana Small Finance Bank will convert its asset centres into bank branches to have over 600 branches. The Small Finance Bank serves underbanked customers through various products, including zero balance savings accounts, fixed deposits with attractive interest rates, collateral-free loans and affordable home loan schemes.
  • 2020-10-15 : Revised MCLR for Jana Small Finance Bank
    Jana Small Finance Bank revised its MCLR, With effect from 8 October 2020. The overnight and one-month MCLR is 10.86% and 10.87%. The MCLR for three months and six months is 10.99% and 11.18%, respectively. Further, the MCLR for long tenors of one year, two years and three years is 11.52%, 12.10% and 12.58, respectively.
  • 2020-04-09 : New MCLR for Jana Small Finance Bank
    With effect from 9 April 2020, Jana Small Finance Bank revised its MCLR. The overnight and one-month MCLR is 11.41% and 12.18%. The MCLR for three months and six months is 12.23% and 11.60%, respectively. Further, the MCLR for long tenors of one year, two years and three years is 11.83%, 12.32% and 12.73, respectively.
  • 2020-03-11 : New lending rates for Jana Small Finance Bank
    Jana Small Finance Bank changed its MCLR. The overnight and one-month MCLR rate is 11.70% and 11.73%. MCLR for short tenors of three months and six months is 11.78% and 11.85%. Further, the lending rate for one year, two years and three years is 12%, 12.26% and 12.48%. The revised rates have been in effect from 7 March 2020.
  • 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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