FD Rates: Compared to big banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank, many local small finance banks in the country are offering higher interest rates to customers. Are. These small banks are offering higher interest to customers on savings accounts and FDs.
FD Rates: Compared to big banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank, many local small finance banks in the country are offering higher interest rates to customers. Are. These small banks are offering higher interest to customers on savings accounts and FDs. These small finance banks are offering bumper interest on savings accounts as well as fixed deposits. Jan Small Finance Bank is giving up to 9 percent interest on FD to its customers.
9% interest will be available on one year FD
Jan Small Finance Bank has revised the interest rates on FD deposits. These interest rates have come into effect from January 2. After the revision, senior citizens will get a maximum return of 9.00 percent, while the general public will get a return of 8.50 percent for one year.
You will get more interest on FD
Jana Small Finance Bank is currently offering 3.00% interest rate for FDs maturing in 7-14 days. The interest rate for FDs maturing in 15-60 days is 4.25%. The bank is now offering 5.0% interest rate on FDs of 61-90 days and 6.5% interest rate on FDs of 91-180 days. The interest rate on deposits maturing in 365 days is 8.50 percent, while the interest rate on FDs maturing in 181-364 days is 8.00 percent.
Get a guarantee
As a bank customer you should know that you get insurance coverage up to Rs 5 lakh if your bank defaults or files for bankruptcy. Deposit Insurance and Credit Guarantee Corporation i.e. DICGC is the institution which gives you this amount. Most of the banks in the country are registered with DICGC. DICGC is an organization created by the Reserve Bank. If your money is deposited in any bank, then you can check whether your bank is registered for deposit insurance or not by clicking on the link. Jana Small Finance Bank is a small finance bank that started operations on 28 March 2018, with its head office in Bengaluru. It is being operated only through the license issued by the Reserve Bank of India.
