Headquartered in Bangalore, Jana Small Finance Bank commenced operation on March 28, 2018. Today, it has a pan-India presence; Jana Small Finance Bank hosts the second most geographically diversified portfolio. According to records, as of February 2021, there are a total of 611 branches of Jana Small Finance Bank. This also includes 166 branches in rural areas along with 134 ATMs scattered across 229 districts, 19 states and 3 Union Territories.
Jana Small Finance Bank offers numerous fixed deposit schemes to customers across several tenures. The table below offers a comprehensive understanding of Jana Small Finance Bank FD rates.
| Minimum Deposit | ₹1000 |
| Maximum Deposit | No upper limit |
| Minimum Tenure | 7 days |
| Maximum Tenure | 10 years |
| Interest Rates | 3% to 8.50% p.a. for the general public and 3.50% to 9.00% p.a. for senior citizens |
| Lock-in Period | 5 years for tax-saver FDs |
| Senior Citizen | 3.50% to 9% p.a. |
| General Citizen | 3% to 8.50% p.a. |
Jana Small Bank FD Interest Rates 2023
| Tenure | General Citizen | Senior Citizen |
|---|
Features and Benefits of Jana Small Finance FDs
Here are the main features and benefits of investing in fixed deposits with Jana Small Finance:
- Start your fixed deposit at an early age with a minimum amount of ₹1000. The upper limit is over ₹2 crores.
- You can choose from cumulative and non-cumulative interest payout options.
- Jana Bank interest rates for domestic/NRO/NRE customers are quite competitive, ranging from 3% p.a. to 9% p.a. considering senior citizen FD rates.
- The lock-in period for tax-saver FDs is 5 years without any facility for premature withdrawal. The maximum amount to start a tax saver FD is ₹1.5 lakhs.
- The interest for NRO fixed deposits is taxable as per the tax slab mentioned by the Income Tax Act of 1961.
- You can conveniently make transactions anywhere, anytime, with the Jana Small Finance Bank mobile app.
How to Book Jana Small Finance FD?
You can opt for a video KYC form to initiate the FD account opening procedure with Jana Small Finance Bank.
Contact the Jana Small Finance Bank Customer Care number available on their website. After this call, they will set your appointment with their relationship manager, who can assist you with the online application process.
For offline account opening, locate the nearest Jana Small Finance branch close to your location. The bank officials here will help you with the procedure to start a fixed deposit.
Documents Required to Book Jana Small Finance FD
Here is a list of documents that you must submit to apply for Jana Bank FD as an individual or HUF.
- Recent photographs
- PAN card/ Form 60
- Identity proof – Aadhar card, Voter ID, driving licence, etc.
- Age proof – Birth certificate, school passing/graduation certificate.
- Address proof – Voter ID card, PAN card, Aadhaar card, passport, etc.
- FD application form fully filled in
- Bank account details – account number, IFSC code, and branch name.
Eligibility to Open Jana Small Finance FD
You must fulfil the following criteria to prove your eligibility to avail of the Jana Small Finance Bank FD rates.
- Applicant type: Cooperative societies, Trusts, Partnerships, NGOs, Private limited companies, Minors, Individuals, HUFs.
- Age (in case of individual applicants): Has to be 18 years or more.
Types of Jana Small Finance FD Schemes
You can apply for any of the following types of fixed deposits and reap the benefits of low-risk periodic income:
1. Regular Fixed Deposits
This is the standard fixed deposit account offered by Jana Small Finance Bank. With this, you can enjoy competitive interest rates depending on the tenure of your investment. All new and old customers are eligible to enjoy Jana Bank FD rates. Here are some of the important details of Jana Small Finance’s Regular fixed deposit.
- Minimum Deposit: ₹1000
- Maximum Deposit: No upper limit specified
- Tenure: 7 days to 10 years
- Interest Rate: 3% to 8.50% p.a. for the general public and 3.50% to 9% p.a. for senior citizens
- Eligibility: Indian citizens only
2. FD Plus
FD Plus by Jana Small Finance Bank helps customers meet various investment needs with competitive Jana Small Finance Bank FD rates. Unlike regular fixed deposits, customers can enjoy higher interest rates. However, FD Plus does not allow any premature withdrawal. Following are some essential details of this deposit scheme:
- Minimum Deposit: ₹15,00,001
- Maximum Deposit: ₹50 Crores
- Tenure: 7 days to 10 years
- Interest Rate: Higher rates over Regular Fixed Deposits
- Eligibility: Indian citizens
3. NRE Account
This account by Jana Small Finance Bank helps you earn higher returns on your foreign earnings. The NRE FD account offers you the opportunity to choose a favourable account number of your choice. Here are some of the important details that you must know before opening NRE FD with Jana Small Finance Bank.
- Minimum Deposit: No minimum balance
- Maximum Deposit: No upper limit specified
- Tenure: 7 days to 10 years
- Interest Rate: 3% to 8.50% p.a. for the general public and 3.50% to 9% p.a. for senior citizens
- Eligibility: All NRI and PIOs are eligible to open this account
4. NRO Fixed Deposits
Non-residents of India can grow their income with the attractive Jana Small Finance Bank interest rates. For this, they can open an NRO FD account with them. The attractive characteristics of Jana Small Finance NRO FDs are as follows.
- Minimum Deposit: No minimum criteria
- Maximum Deposit: No upper limit specified
- Tenure: 7 days to 10 years
- Interest Rate: 3% to 8.50% for the general public and 3.50% to 9% for senior citizens
- Eligibility: All NRI and PIOs
Now that you know the Jana Small Finance Bank FD rates of 2023, you can plan your finances and choose a suitable scheme. While choosing an FD to invest in, keep an eye out for the lock-in period. You cannot withdraw your principal before this period ends; if you do so, your deposited amount will not earn any returns. It can also attract penalty charges. Therefore, you must know your financial standings well before you start your fixed deposit.
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