Tax Saver Fixed 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 Fixed Deposit account. Following are the types of customers who can open fixed deposit accounts: Individuals and HUF (Hindu Undivided Family).

Interest Rate

8.20% per annum.

Tenure

5 years.

Fixed Deposit Type

Tax Saver

FD Tax Saver Fixed Deposit

Tax Benefits

Tax exemption under Section 80C of the Income Tax Act, 1961

Credit Ratings

IND A-/Stable

Interest Payment Frequency

(Monthly / Quarterly / Half-Yearly / Yearly). 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

Cumulative

Features

• Tax Saver Fixed Deposit offers tax deduction on income of up to ₹1.5 Lakh under section 80C of the Income Tax Act.
• No premature withdrawal facility or auto-renewal facility.
• Minimum deposit of Rs 100 and a maximum of 1,50,000 per financial year for a 5-year lock-in period.
• The lock-in period of 5 years.
• Nomination facility is available.
• Premature withdrawal is not allowed.

Minimum Investment Amount

100

Features & Benefits

Pros

• Tax exemption under Section 80C of the Income Tax Act, 1961.
• Competitive interest rates.

Cons

• No additional concession for senior citizens.

Pros & Cons

How to Open?

• Visit the nearest branch of Jana Small Finance Bank and our Relationship Manager will guide you on the application process.
• 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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