# 2. Jana Small Finance Bank offers seven per cent for the one to two years tenor. Jana Small Finance Bank FD Rates: Fixed Deposit (FD) is one of the most trusted financial instruments in India. Axis Bank Fixed Deposit Term wise Interest Rates Depending on the tenures, Axis Bank FDs are further categorized as short-term, medium-term, and long-term deposits. The KYC verification is done on a video interaction with a Jana bank officer. 3. Maturity Period Interest Rate With Effect From August 4; Seven to 29 days: 3.05%: 30 to 89 days: 4.05%: 90 to 179 days: 4.80%: 180 to 364 days: 5.20%: One to two years For Tenure less than 1 year, Jana Small Finance Bank, ESAF Small Finance Bank and Suryoday Small Finance Bank offer the highest interest rate (7.00%) on FD. 3) Repco Bank offers 7.7% interest rates for 1 year FD Scheme. FCNR Deposit Interest Rates w.e.f. September 30, 2020. The rate you can avail depends on factors such as your age, amount deposited, and tenure of the deposit. Equitas Small Finance Bank has set the interest rate at 6.75 per cent and AU Small Finance Bank between 6.50 per cent and 6.60 per cent for one to … The depositor shall ascertain the rates on the booking date of Fixed Deposit 4. Fixed Deposit - Utkarsh Bank offers FD accounts in India with higher interest rates. Jana Small Finance Bank, formerly Janalakshmi Financial Services started its operations in 2008 and is headquartered in Bengaluru. December 1, 2020. Otherwise who will fund them to even sustain their daily expenses. for 1 year tenure. Effective 1st July’17, Aadhaar card has been made mandatory for regular account opening. Open a video KYC account and start investing to earn attractive interest rates on Fixed deposit (FD) and savings account The savings account opened through video KYC is a complete online savings bank account in India. All data sourced from Economic Times Intelligence Group (ETIG) Data as on Dec 11, 2020. The interest rate will be applicable on the basis of the tenure of the FD which can range from 7 days to up to 10 years. Below are the Best Fixed Deposit Interest Rates for the 4 year tenure. You may like: LIC Housing Fixed Deposit Scheme offers 8.2% Rates – Should you invest? This isn’t too low in comparison to the small finance banks which usually offer the highest FD rates (Jana Small Finance Bank is offering 7.5% p.a. Top 10 Private Banks Currently Offering The Highest Interest Rates On FDs Jana Small Finance Bank Raises Interest Rates On Fixed, Recurring Deposits On an FD of three years without a premature withdrawal facility, Jana Small Finance Bank will … for the same tenures), according to BankBazaar. Marginal Cost of funds based Lending Rates (MCLR) Savings Account Interest Rates w.e.f September 7, 2020. Bandhan Bank Senior Citizens FD Interest Rates (as on 05 Dec 2020) Bandhan Bank offering attractive fixed deposit interest rates for its senior citizens customer at 8.50% p.a. 7-14 days 3.50%. The applicable interest rates will be offered based on the date and time of receipt of the funds by the Bank. We offer different features like no penalty on early withdrawal, competitive interest rates, high returns and more. Whereas, for the Tenure from 1 year up to 10 years, Utkarsh Small Finance Bank provides the highest interest rate (8.25%) on FD. Tax-saving FD with bank is one of the most popular investment avenues in the section 80C basket of financial instruments as specified in the Income Tax Act. Jana Small Finance Bank latest FD interest rates Jana Small Finance Bank gives 5% to 8.50% interest on FDs ranging from 7 days to 10 years. On FDs having a tenure of more than two years and less than three years, it is offering the maximum rate of 8.5 per cent. Jana Small Finance Bank’s latest FD interest rates are with effect from 11 August. 2) Fincare Small Finance Bank offers 8%. 5) HDFC Bank & Federal Bank offers 7.3% interest rates for 1 year FD Scheme. With fixed deposit returns of up to 8.75%, IndusInd Bank offers one of the highest interest rates on FD.. Get latest fixed deposit rates for all public and private sector banks in India. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank. Interest rates are subject to change from time to time. Jana Small Finance Bank latest FD interest rates. # 1. In fact, according to the current trends, most of the banks are offering FD interest rates for non-senior citizen depositors in the range of 3%-5.4% p.a. It was licensed by the Reserve Bank of India (RBI) to operate as a small finance bank in 2015. These deposits will fetch an interest rate of 7.50% and 8% to general customers and senior citizens respectively. * For NRE Fixed Deposit: tenures of 12 months 1 day & above are applicable. Staff will not be eligible for Senior Citizen rates. bulk deposit rate – rates for >= 2 crores (w.e.f. 2. 3) Suryoday Small Finance Bank offers 8%. The degree of risk is definitely high and that’s the only reason why these small finance banks has to offer very lucrative interest rates. Short-term Deposits: For an Axis Bank FD with tenure ranging from 7 days to 12 months, the interest rate offered is … Open Tax Saving FD … 1) Jana Small finance Bank offers 8.25%. on 2-3 years’ FDs while Equitas Small Finance Bank is offering 7.35% p.a. Important Security Information. Rates for amount 2 Crore Domestic Deposits ( Effective: From September 15, 2020) For Fixed Deposit of amounts Rs. Home Loan and LAP Rate of Interest w.e.f. 14-12-2020) fcnr rates above 5 million Bulk Deposit Interest Rates w.e.f. Term Deposit Interest Rates w.e.f August 11, 2020. Bandhan Bank offers Term Deposits or Fixed Deposits (FDs) for interest rates between 3.25% p.a. Interest rates are subject to periodic changes. 2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call Smile Centre on 1800-266-7711; Period Interest Rate (Per Annum) Annualised Yield° (%) Senior Citizen Rate # (Per Annum) Annualised Yield° (%) Jana Small Finance Bank FD rates. A Valid PAN is mandatory for opening a Tax Saver Fixed Deposit (Tax Saver FD). Many small finance banks giving highest fixed deposit interest rates for its senior citizen customers one of them is Bandhan Bank . Also, the FD offers multiple interest payout options - monthly, quarterly, half yearly and annually. In case of Joint account holders where one of the account holder is a Senior Citizen, kindly note that Senior Citizen Term Deposit Interest Rate will only be applicable provided the Senior Citizen is the ‘First holder’ on the said term deposit. The bank gives the highest rate of interest on deposits with a maturity period of 2 years to 3 years. The IDFC FIRST Bank Fixed Deposit offers 7.50% interest rate. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Open Fixed Deposit (FD) account with high interest rate from AU Small Finance Bank. June 22, 2020 retail deposit rate - rates for < 2 crore. Comparison of Fixed Deposit Interest Rates in Bank now in July, 2019 The Bonafide staff/employees of Ujjivan Small Finance Bank Limited are eligible for an additional rate of 1% over and above the rates mentioned. Before the rates slump, you have an opportunity to earn up to 8.25 per cent per annum by investing in Jana Bank FD for 1555 days. With effect from September 8, 2018, Jana Small Finance Bank has increased its FD interest rates on some tenures. 4) Bandhan Bank & Citi Union Bank offers 7.35% interest rates for 1 year FD Scheme. Interest payments; The interest rate offered on fixed deposits (FD) will depend on the period for which you are investing in the FD and also vary from bank to bank for FDs for the same tenure. 4) Utkarsh Small finance Bank offers 8%. We offer variety of fixed deposit … and 7.00% p.a. ** A senior citizen is defined as a person above the age of 60 years. 15-60 days 4.25%. The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. And, what can be even better if FD offers you 9.6% interest rate! 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