Jana Small Finance Bank (Jana SFB) is offering its customers a maximum interest of 8.50 per cent on fixed deposits of 366 days to 2 years. At the same time, the maximum interest rate for senior citizens is up to 9 percent. According to the website of Jana Small Finance Bank, these interest rates have become effective from today i.e. May 30.
Jana Small Finance Bank (Jana SFB) has changed its interest rate on fixed deposits of less than Rs 2 crore. These new rates are for domestic, NRO and NRE account holders. After the latest changes, the general public is getting the benefit of interest rate from 3.75 per cent to 6 per cent on fixed deposits. On the other hand, senior citizens are being given interest rate benefit of 4.25 per cent to 6.50 per cent on deposits ranging from 7 days to 10 years.
What is the maximum rate of interest
Jana Small Finance Bank (Jana SFB) is offering its customers a maximum interest of 8.50 per cent on fixed deposits of 366 days to 2 years. At the same time, the maximum interest rate for senior citizens is up to 9 percent. According to the website of Jana Small Finance Bank, these interest rates have become effective from today i.e. 30th May itself.
Jana Small Finance Bank FD Rate
This bank is now offering 3.75% interest on FDs maturing in 7-14 days. At the same time, the bank is offering an interest rate of 4.25 per cent on FDs maturing in 15-60 days. This bank is offering 5% interest on FDs of 61 to 90 days. While on FDs of 91 to 180 days, this bank is offering interest at 6.25 per cent.
More than 7 percent interest is being received on FD of this period
This bank is now offering 7% interest on FDs maturing in 181-364 days. At the same time, this bank is giving the benefit of interest at the rate of 7.25 percent on FDs maturing in 1 year. This bank is now giving interest benefit of 8.50% on FDs maturing in 366 days to 2 years. While the bank is offering interest at 7.35 per cent on FDs maturing in 2 to three years. On the other hand, this interest rate for FDs maturing in 3 to 5 years is 7.25 and for FDs maturing in 5 to 10 years, the interest rate is 6 percent.
How much interest is being received by senior citizens
This bank is giving senior citizens the benefit of 50 bps higher interest on all maturity periods. However, only Indians are getting this benefit. On the other hand, account holders on five-year tax saving FD will get the benefit of deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
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