Jana Small Finance Bank FD Rates

Jana Small Finance Bank offers a number of fixed deposit schemes. The FDs can be of tenure ranging from min 7 Days to 10 Year . The roi for different schemes starts from 3.00% to 8.50 % for the general public and 3.50% to 9.00 % for senior citizens. The min amount required to open an Fixed Deposit with Jana Small Finance Bank is

Types Of Jana Small Finance Bank Fixed Deposit Schemes

Jana Small Finance Bank is offering a different kinds of fixed deposits to its customers. These are :

Name of Schemes

For General Citizen (p.a.)

For Senior Citizen (p.a.)

Jana Small Finance Bank Domestic Term Deposits FD

3.00% to 8.50 %

3.50% to 9.00 %

Jana Small Finance Bank Domestic Term Deposits FD

View Scheme

Given below are the latest Jana Small Finance Bank Domestic Term Deposits FD, ranging from 7 Days to 10 Year as of August, 2022.

Tenors

Interest Rates for Public (p.a.)

Interest Rates for Senior Citizens (p.a)

7 Days Upto 14 Days

3.00% p.a.

3.50% p.a.

15 Days Upto 2 Months

4.25% p.a.

4.75% p.a.

2 Months 1 Days Upto 3 Months

5.00% p.a.

5.50% p.a.

3 Months 1 Days Upto 6 Months

6.50% p.a.

7.00% p.a.

6 Months 1 Days Upto 12 Months 4 Days

8.00% p.a.

8.50% p.a.

1 Year Upto 2 Year

8.25% p.a.

8.75% p.a.

2 Year Upto 3 Year

7.25% p.a.

7.75% p.a.

3 Year Upto 5 Year

7.25% p.a.

7.75% p.a.

5 Year Upto 10 Year

6.50% p.a.

7.75% p.a.

Upto 1 Year

8.50% p.a.

9.00% p.a.

Upto 5 Year

7.25% p.a.

7.75% p.a.

JANA Small Finance Bank is a new-age bank committed to providing banking services that are simple, convenient and accessible to all. The organisation believes in the power of technology to make banking easier for its customers. 

By constantly innovating and investing in advanced technology, JANA Small Finance Bank is committed to providing its customers with a safe and secure banking experience.

Headquartered in Bengaluru, Karnataka, JANA Small Finance Bank started its operations in 2018. With a vision to be the leading digitised bank in India, the bank operates on the values of honesty, discipline, respect, and service.

JANA Small Finance Bank Fixed Deposits

A fixed deposit is a long-term savings account and one of the most common forms of investment in India's financial markets. The main advantage of investing in a fixed deposit is that it provides higher interest rates than other types of investment, such as equity and debt securities. The downside is that investors cannot sell shares when they want, unlike equities.

JANA Small Finance Bank fixed deposits offer customers a risk-free way to grow their savings over a certain period. The fixed deposits offered are competitive, and the tenure options allow customers to choose a deposit period that suits their financial needs. The bank offers three fixed deposit types: Regular FD, FD plus, and Tax saver FD. 

Types of Fixed Deposits offered by JANA Small Finance Bank

JANA Small Finance Bank provides various fixed deposit products to suit the needs of different customers. The bank has a wide range of fixed deposit products with varying rates of interest and terms with tenures, ranging from 7 days to 10 years. Some of the JANA Bank Fixed deposits are listed below: 

  • Regular FD

JANA Small Finance Bank's Regular Fixed Deposit account is a great way to save money and earn interest on your deposits. With a minimum deposit of just INR 1,000,  you can open an account and start earning interest immediately. The interest rate on this account is 6.00% P.A., with a tenure ranging from 7 days to 10 years. In case of premature withdrawals, the bank charges a percentage of penal interest on the deposit. This account is a great way to save for a rainy day or your future goals.

  • FD Plus

The FD Plus account is customised to help your savings grow. The bank offers a wide range of tenures from 7 days to 10 years. The option of premature withdrawal is not applied here. Hence, you can enjoy an additional interest rate compared to their Regular Fixed Deposits.

  • Tax Saver FD

JANA Small Finance Bank's Tax Saver Fixed Deposit is a great way to save on taxes while earning a fixed return on your investment. The minimum deposit amount is Rs. 100, and the maximum deposit amount is Rs.1,50,000. With a lock-in period of 5 years, the interest earned is tax-free up to Rs.1.5 lakhs. 

  • NRE Fixed Deposits

JANA Small Finance Bank offers an attractive interest rate on their NRE Fixed Deposit account. This account offers a higher interest rate for customers who want to save for a specific goal, such as retirement. The account also provides the security of knowing that the Government of India backs your money. This makes the JANA Small Finance Bank NRE Fixed Deposit account an excellent option for customers looking for a safe place to save money.

  • NRO Fixed Deposits

JANA Small Finance Bank offers a great interest rate on their NRO Fixed Deposit account. This account allows you to earn a higher interest rate on your deposits while still providing you with the flexibility to access your funds when you need them. This account is an excellent option for those looking to earn a higher return on their investment while still having the flexibility to withdraw their funds when necessary.

JANA Small Finance Bank Fixed Deposit: Eligibility Criteria

The eligibility criteria to apply for JANA Small Finance Bank FD are outlined below:

Indian Resident Individuals

  • New and existing customers of JANA Small Finance Bank can apply for the Regular FD.
  • Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO and, Private Limited Companies can apply for an FD in JANA Small Finance Bank

Non-Resident Indians

  • All NRIs and POIs are eligible to open a fixed deposit account. 

Features and Benefits of JANA Small Finance Bank Fixed Deposit 

JANA Small Finance Bank offers a Fixed Deposit account that provides customers with the means to grow their savings. Some of the key features and benefits of the JANA Small Finance Bank Fixed Deposit account include:

  • A competitive interest rate that helps customers grow their savings quickly
  • A wide range of deposit terms to choose from, so customers can find the right option for their financial needs
  • Mobile banking application to manage your FD
  • An array of interest payout options to choose from: Cumulative and Non-Cumulative (Monthly / Quarterly / Half-Yearly / Yearly Payout Options)
  • The minimum amount is Rs 1,000. No maximum amount limit has been set. 
  • Seven days is the minimum duration 
  • Maximum duration is ten years 
  • Premature withdrawal is permissible, but a penal charge is applicable. 

How is the Interest Calculated on JANA Small Finance Bank Fixed Deposit?

The interest rate changes every quarter and is determined by the prime lending rates. The bank will make this interest calculation every quarter, which may change at any point to match market conditions. 

JANA Small Finance Bank offers a fixed deposit (FD) scheme wherein customers can deposit a sum of money for a fixed tenure; the interest is calculated every quarter and is paid out at the end of the tenure. The interest on your deposit is calculated based on the number of days in a year. That means 365 days for a non-leap year and 366 days for a leap year.

Taxation Policy on JANA Small Finance Bank Fixed Deposit

Fixed deposits (FDs) offer a great way to reduce your taxable income by up to Rs 1.5 lakh under Section 80C of the Income Tax Act. They also provide capital protection and offer some interest returns. However, it is important to note that the interest income earned on fixed deposits is taxable. The bank deducts the TDS applicable on fixed deposit interest at the rate of 10% if the amount to be paid or already paid per individual per branch of the bank is more than Rs.10,000.

Minimum and Maximum Investment on JANA Small Finance Bank Fixed Deposit

The minimum and maximum amount to open a JANA Small Finance Bank Fixed Deposit is listed below:

Criteria Minimum Investment
Regular FD INR 1,000
FD Plus INR 15,00,001
Tax Saver FD INR 100 - INR 1,50,000
NRE/NRO FD INR 10,000
How to Open A JANA Small Finance Bank FD Account?

To open a JANA Small Finance Bank FD account, you must visit the nearest branch with your KYC documents. Once you have submitted your documents, you must complete a form and deposit the amount you wish to invest. Your FD account will be opened immediately, and you will be given a passbook.

Additionally, you can book an appointment online so the relationship manager can guide you through the application procedure.

JANA Small Finance Bank FD Interest Rates 2022

The table below shows the JANA Small Finance Bank FD Interest Rates 2022.

Tenure Regular FD Rates (p.a.) Senior Citizen FD Rates (p.a.)
7 days - 14 days 2.50% 3.30%
15 days - 60 days 3.00% 3.80%
61 days - 90 days 3.75% 4.55%
91 days - 180 days 4.50% 5.30%
181 days - 364 days 5.50% 6.30%
1 year 7.00% 7.80%
1 year - 2 years 7.25% 8.05%
2 years - 3 years 7.25% 8.05%
3 years - 5 years 7.35% 8.15%
5 years 7.25% 8.05%
5 years - 10 years 6.00% 6.80%

FD Plus

The table below pertains to the JANA Small Finance Bank Interest Rates for FD Plus.

Tenure Less Than INR 2 crores (p.a.) Greater Than INR 2 crores (p.a.)
7 days - 14 days 2.50% 2.50%
15 days - 60 days 2.50% 2.50%
61 days - 90 days 2.50% 2.50%
91 days - 180 days 2.50% 2.50%
181 days - 364 days 5.60% 5.60%
1 year 7.20% 7.20%
1 year - 2 years 7.75% 7.75%
2 years - 3 years 7.45% 7.45%
3 years - 5 years 7.50% 7.50%
5 years 7.35% 7.35%
5 years - 10 years 6.10% 6.10%

NRE/ NRO Fixed Deposit

The table below pertains the JANA Small Finance Bank Interest Rates for the NRE/NRO Fixed deposit scheme.

Tenure NRE (p.a.) NRO (p.a.)
7 days - 14 days N/A 2.50%
15 days - 60 days N/A 3.00%
61 days - 90 days N/A 3.75%
91 days - 180 days N/A 4.50%
181 days - 364 days N/A 5.50%
1 year 7.00% 7.00%
1 year - 2 years 7.25% 7.25%
2 years - 3 years 7.50% 7.25%
3 years - 5 years 7.35% 7.35%
5 years 7.25% 7.25%
5 years - 10 years 6.00% 6.00%

Comparison between JANA Small Finance Bank FD Returns with Top Banks

A comparison between the interest rates offered by different banks is tabulated below:

Bank Name Regular FD Senior Citizen FD
JANA Small Finance Bank 2.50% p.a. - 7.25% p.a. 3.30% p.a. - 8.15% p.a.
SBI 2.90% p.a - 5.65% p.a 3.40% p.a - 6.45% p.a
HDFC Bank 2.75% p.a - 6.10% p.a 3.25% p.a - 6.20% p.a
Punjab National Bank 3.00% p.a - 6.10% p.a 3.50% p.a - 6.60% p.a
Axis Bank  2.50% p.a - 6.05% p.a 2.50% p.a - 6.80% p.a
Bank of Baroda 3.00% p.a - 5.50% p.a 3.50% p.a - 6.50% p.a
IDFC First 3.50% p.a - 6.90% p.a 4.00% p.a - 7.40% p.a

Frequently Asked Questions (FAQs)

What is the FD interest rate in JANA Small Finance Bank?

The FD  FD interest rate in JANA Small Finance Bank ranges from 2.50% p.a. – 7.25% p.a.

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

The interest on INR 1,00,00 @6.00% for ten years is estimated to be INR 81,402.

How many years has the FD doubled in JANA Small Finance Bank?

This is a simple rule: just divide 72 by the annual interest rate, and you’ll know how long it will take to double your money.

Does JANA Small Finance Bank provide additional FD rates to senior citizens?

Yes, JANA Small Finance Bank provides customised  FD rates to senior citizens.

How to get a fixed deposit receipt online from JANA Small Finance Bank?

If you have a JANA Small Finance Bank account, you can get a fixed deposit receipt online by logging into your account and going to the “Fixed Deposit” section. From there, you can view and print your fixed deposit receipt.

Does JANA Small Finance Bank Charge for Premature Withdrawal of FDs?

Yes, JANA Small Finance Bank charges a percentage of penal interest for premature withdrawal of FD.

Does JANA Small Finance Bank allow pre-closure of fixed deposit accounts?

Yes, JANA Small Finance Bank does allow the pre-closure of fixed deposit accounts. However, there may be a penalty for doing so. Please check with the bank for more details.

What is the penalty for breaking FD in JANA Small Finance Bank?

For FD below INR 2 crores, a penal interest of 0.5% is charged, whereas, for an FD above INR 2 crores, a penal interest of 1.00% is charged.

What minimum/maximum amount is required to open an FD account with JANA Small Finance Bank?

The minimum and maximum amount needed to open a tax saver FD is INR 100 and INR 1,50,000, respectively.

Who is eligible to open a JANA Small Finance Bank fixed deposit account?

Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO, NRIs, POIs, and Private Limited Companies can apply for an FD in JANA Small Finance Bank

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