Recurring Deposit|Jana Small Finance Bank Fixed Deposit Rates-– Interest Rate, Calculator & Benefits

Fixed Deposit Details

Bank Name

Jana Small Finance Bank

Eligibility

Both new and existing customers of Jana Small Finance Bank can open a Recurring Deposit. Following are the types of customers who can open recurring deposit accounts: Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO and, Private Limited.

Interest Rate

Up to 8.75%.

Tenure

6 months to 10 years.

Fixed Deposit Type

Recurring

Recurring Deposit

Tax Benefits

None

Credit Ratings

IND A-/Stable

Interest Payment Frequency

At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.

Cummulative/Non-Cummulative

Not specified by the bank.

Features

• The minimum deposit amount is Rs 100.
• No upper limit on the deposit amount.
• Overdraft/Loan against deposit is available.
• Minimum duration of 6 months.

Minimum Investment Amount

100

Features & Benefits

Pros

• Low minimum deposit requirement of Rs. 100.
• Competitive interest rates.
• Additional concession for senior citizens.

Cons

Interest payout is only available at the time of maturity.

Pros & Cons

How to Open?

• Existing customers can open Recurring Deposit through Jana Mobile Banking Application and Jana Internet Banking.
• Visit the nearest Jana Bank branch and open Recurring Deposit
• You can also contact us and our Customer Care Executive will fix a service appointment with our Relationship Manager to help you with the application process.

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