Jana SFB Offers Up To 9% FD Interest Rate To Senior Citizens

Jana Small Finance Bank (SFB) has recently made revisions to its interest rates on fixed deposits, offering customers more attractive options to grow their savings.

[{"selector":"#anim-635da4ef-83a6-4279-9a35-2d0b9aa839c6","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1f474454-d7c2-4c3d-aebd-0322d8b782a3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] With Jana SFB, customers have the freedom to start FDs with amounts as low as Rs 1,000.

[{"selector":"#anim-64bd2a1c-0cec-4232-9def-df644a3b9dcf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-858fbe68-8b25-45ef-945d-76a814caf35b","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The revised interest rates apply to deposits below Rs 2 crore.

[{"selector":"#anim-b5101dc7-4e8a-4fa1-a10f-e0dbf4414afd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d63688ae-57f0-475e-b7a6-7329e4fcda0d","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Additionally, Jana SFB has set a minimum tenure of 1 year for NRE (Non-resident External) fixed deposits.

[{"selector":"#anim-7fc30176-245a-46bc-9ee3-8c59bdad39af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(5.576124502149589e-7%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1b4eec08-e333-4499-a957-74a204b7b2e0","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] However, no interest rate is payable for deposits prematurely withdrawn within the first year from the date of deposit.

[{"selector":"#anim-1503e00a-e4a1-46b7-92c3-b2fc298d99b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0a5ebe96-8761-4cf5-937d-bb106e4dc13b","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Customers can choose between cumulative and non-cumulative payout frequencies, including monthly, quarterly, half-yearly, and yearly.

[{"selector":"#anim-1b58353c-4354-48bf-a7ca-57c9df8b2c85 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f2949242-f6fd-49ba-9276-e5697a2434a0","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The bank offers a special interest rate for senior citizens aged 60 years and above.

[{"selector":"#anim-cef35dae-c884-409c-9398-9fe7e4cd45d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.24570041360161%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-313c3fde-3545-4c6d-95b1-fe03414cc4e5","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The special rates are applicable only to FDs by resident Indians.

[{"selector":"#anim-e9c9f3a3-282d-4086-8c49-7ade70e6bce6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(30.62499988243325%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cb3fbc2b-3b25-40ab-88bf-4b90660f7638","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Jana SFB offers a 7.75% interest rate on FDs for 365 days to senior citizens while the interest rate for other customers is 7.25%.

[{"selector":"#anim-0c785700-af34-47ff-9c92-980446d04b53 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(8.01744160571658%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2bc7fb71-699f-4877-adcd-69bfec9b1065","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Senior citizens can receive an interest rate of 9% on FDs for above 365 days and up to 2 years.

[{"selector":"#anim-11ac65f1-3fd8-485c-a5f7-5b7f6556d5db [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fba74bc7-db92-4523-81e5-1c73928895d6","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The interest rate for other customers for the same duration of FDs has been fixed at 8.5%.

Smart Investment Tips

[{"selector":"#anim-0f09a2ca-425b-42f3-b001-d993ddeb7812","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn more