Introduction:

Jana Small Finance Bank presents an array of fixed deposit schemes with attractive interest rates. The tenures range from 7 days to 10 years. For the general public, rates start at 3.00% and reach up to 8.50%, whereas for senior citizens, they begin at 3.50%, escalating to 9.00%. A minimum amount requirement for opening an FD isn't specified.

Jana Small Finance Bank Fixed Deposit Schemes

Jana Small Finance Bank caters to varying needs with different fixed deposit schemes:

• Domestic Term Deposits FD: Interest rates vary from 3.00% to 8.50% for the general public, and from 3.50% to 9.00% for seniors.

Jana Small Finance Bank's Domestic Term Deposits FD rates as of August 2022:

Tenure	Public Interest Rates (p.a.)	Senior Citizens Interest Rates (p.a.)
7 - 14 Days	3.00%	3.50%
15 Days - 2 Months	4.25%	4.75%
2 Months 1 Day - 3 Months	5.00%	5.50%
3 Months 1 Day - 6 Months	6.50%	7.00%
6 Months 1 Day - 12 Months 4 Days	8.00%	8.50%
1 Year - 2 Years	8.25%	8.75%
2 Years - 3 Years	7.25%	7.75%
3 Years - 5 Years	7.25%	7.75%
5 Years - 10 Years	6.50%	7.75%
Up to 1 Year	8.50%	9.00%
Up to 5 Years	7.25%	7.75%

Jana Small Finance Bank, headquartered in Bengaluru, Karnataka, opened in 2018, aims to be a leading digital bank in India, known for honesty, discipline, respect, and service.

Jana Small Finance Bank Fixed Deposits

Fixed deposits are a secure investment choice in India, offering higher interest than other instruments like equities or debts. Jana Small Finance Bank's FDs ensure a risk-free savings avenue with varied options: Regular FD, FD Plus, and Tax Saver FD.

Fixed Deposit Types by Jana Small Finance Bank

• Regular FD: Minimum deposit INR 1,000, Interest: 6.00% p.a., Tenure: 7 days to 10 years, Premature withdrawal charges applicable.
• FD Plus: Tenure: 7 days to 10 years, No premature withdrawal, Higher interest compared to Regular FD.
• Tax Saver FD: Minimum deposit INR 100, Maximum INR 1,50,000, Lock-in period: 5 years, Interest is tax-free up to INR 1.5 lakhs.
• NRE Fixed Deposits: Attractive rates for retirement savings, Backed by Government security.
• NRO Fixed Deposits: High returns with flexible withdrawal options.

Jana Small Finance Bank Fixed Deposit Eligibility

• Open to Indian Resident Individuals including minors, proprietorships, HUFs, societies, trusts, partnerships, NGOs, companies, and NRIs.

Features and Benefits of Jana Small Finance Bank Fixed Deposit:

• High interest rates for growing savings
• Flexible deposit terms
• Mobile app for managing FDs
• Cumulative and non-cumulative interest payout options
• Minimum deposit: INR 1,000
• No limit on maximum deposit
• Term: 7 days to 10 years
• Premature withdrawal with penalty charges

Interest Calculation

Interest on Jana Small Finance Bank deposits is recalculated quarterly based on market conditions, considering either 365 or 366 days.

Taxation Policy

Interest from FDs is taxable under Section 80C, with TDS of 10% if interest exceeds Rs. 10,000 per branch.

Investment Ranges

• Regular FD: from INR 1,000
• FD Plus: from INR 15,00,001
• Tax Saver: INR 100 to 1,50,000
• NRE/NRO: from INR 10,000

Opening a Jana Small Finance Bank FD Account

Visit a branch with KYC documents or book an online appointment for assistance. Immediate account opening and passbook issuance.

Jana Small Finance Bank FD Interest Rates 2022

Interest rates for 2022 vary based on tenure and deposit type. Details for Regular and FD Plus rates are available, meeting different depositor needs.

Comparison with Other Banks

Comparative analysis reveals Jana Bank's competitive rates against major banks like SBI, HDFC, and others, showcasing viable investment returns.