In This Article We Know Benefits Of Jana Bank FD, Jana Bank FD Rates 2023, Eligibility Criteria For Jana Bank FD 2023, How To Apply Jana Bank FD 2023, Required Documents For Jana Bank FD, Eligibility For Jana Bank Fd, Jana Bank FD Rates 2023: Jana Small Finance Bank’s Standard Fixed Deposit guarantees a steady and seamless growth of your earnings. With enticing interest rates, various interest payout choices, and no penalties for premature closure, it stands out as the perfect investment option for your well-earned funds.
Jana Bank provides a diverse selection of Fixed Deposits (FDs) that not only yield a favorable rate of return but also come with several additional advantages. Key features of Jana Bank FDs encompass nomination options, flexible tenure choices, auto-renewal provisions, various interest payout alternatives, and the availability of loan/overdraft facilities, among others. Opening a Jana Bank FD online is exceptionally convenient, requiring just a click of a button and allowing for a paper-free process.
Benefits Of Jana Bank FD
Benefits Of Jana Bank FD: A Fixed Deposit (FD) stands out as a widely favored financial tool among the general saving public in India due to its ability to offer a higher interest rate compared to a standard savings account. Regarded as one of the safest investment options, Fixed Deposits (FDs) ensure substantial returns over a specified period.
| FEATURES | BENEFITS |
|---|---|
| Attractive Interest Rates | – Get best-in-class Interest Rates of 8.10%* p.a., the highest in the card rate |
| – Earn more attractive interest rates than a Savings Account | |
| – Senior Citizens receive an additional 0.6% interest over and above the FD card rate | |
| Low Deposit Amounts | – Start depositing with an amount as low as INR 1000 |
| Premature Closure | – Penalty-free premature closure available |
| Mobile Banking App | – Transact conveniently through our Mobile Banking App |
| Cumulative and Non-Cumulative | – Freedom to choose the Interest pay-out option |
| (Monthly / Quarterly / Half-Yearly / Yearly Payout Options) |
Jana Bank FD Rates 2023
Effective Date for Rates: May 30, 2023 (subject to periodic changes)
| Tenure | Regular FD Interest Rate (p.a.) | Senior Citizen FD Interest Rate (p.a.) |
|---|---|---|
| 7-14 Days | 3.75% | 4.25% |
| 15-60 Days | 4.25% | 4.75% |
| 61-90 Days | 5.00% | 5.50% |
| 91-180 Days | 6.25% | 6.75% |
| 181-364 Days | 7.00% | 7.50% |
| 365 Days | 7.25% | 7.75% |
| 366 – 499 Days | 8.50% | 9.00% |
| 501– 730 Days | 8.50% | 9.00% |
| > 2 Years – 3 Years (1095 Days) | 7.35% | 7.85% |
| > 3 Years – < 5 Years | 7.25% | 7.75% |
| 5 Years (1825 Days) | 6.00% | 6.50% |
| > 5 Years – 10 Years | 6.00% | 6.50% |
| 500 Days | 8.50% | 9.00% |
FD Plus offers a No Premature Withdrawal Interest Rate (p.a.) on deposits exceeding 15 lakhs.
- Regular FD Interest Rate (p.a.) on deposits below 2 crore.
- Senior Citizen FD Interest Rate (p.a.) on deposits below 2 crore.
- Interest is calculated based on the actual number of days a year, i.e., 365 days for a non-leap year and 366 days for a leap year. The deposit’s tenor is determined by the number of days.
- The card above rates apply to deposits less than INR 2 Crore.
- For interest rates on INR 2 Crore & above deposits, please get in touch with the nearest branch of Jana Small Finance Bank.
- In the event of premature withdrawal of the deposit, the following penalties will be applied to the applicable interest rate for the duration the deposit is maintained with us:
- Fixed Deposit less than INR 200 Lakhs – 0.5%
- Fixed Deposits greater than or equal to INR 200 Lakhs – 1%
Eligibility Criteria For Jana Bank FD 2023
- New and existing Jana Small Finance Bank customers can open a Fixed Deposit.
- Eligible customer types include Individuals, Minors, Proprietorships, HUF (Hindu Undivided Family), Registered and Unregistered Bodies, Cooperative Societies, Trusts, Partnerships, NGOs, and Private Limited entities.
Read More: AU Bank FD Rates 2023: AU Bank Fix Deposit Rates 2023 Full Information
How To Apply Jana Bank FD 2023
How To Apply Jana Bank FD For-
- Visit the nearest Jana Small Finance Bank branch, where our Relationship Manager will assist you with the application process.
- Alternatively, contact us, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to guide you through the application process.
Required Documents For Jana Bank FD
a)Documents For Jana Bank FD For Individual Account Holders
- Aadhaar or proof of application of Aadhaar enrolment not older than six months
- PAN/Form 60 (If Form 60 is provided, submit one certified copy of OVD*)
- FATCA Declaration (included in the account opening form)
- Recent Photograph
b) HUF (Hindu Undivided Family) Accounts
- Aadhaar or proof of application of Aadhaar enrolment of Karta/existing authorized signatories
- PAN/Form 60 of HUF (If Form 60 is provided, submit one certified copy of OVD*)
- PAN/Form 60 of Karta/existing authorized signatories (If Form 60 is provided, submit one certified copy of OVD*)
- Declaration from the Karta and Joint Hindu Family letter signed by all adult holders (as per format Annexure 2 attached)
- Recent Photograph of Karta/authorized signatories
- FATCA Declaration (included in the account opening form)
FAQ?: Jana Bank FD 2023
The Tax Saver FD in Jana Small Finance Bank has a minimum tenure of 5 years, and premature withdrawal is not permitted.
The FD in Jana Small Finance Bank has a maximum tenure of 10 years.
Certainly, Jana Small Finance Bank FDs are covered by ₹5 lakhs DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance.
