Jana Small Finance Bank offers fixed deposits with competitive interest rates for 2024. The FD rates for regular citizens range from 3% for short tenures to 8.5% for one-year terms, with senior citizens benefitting from slightly higher rates, up to 9%. The minimum deposit is ₹1,000, and the maximum can go up to ₹2 crores. Established initially as Janalakshmi Financial Services in 2008, the bank transformed into a small finance bank in 2018. It now operates in 22 Indian states. Investors can utilize flexible tenures and partial withdrawals without requiring a savings account. For a 3-year FD at 7.25%, investment outputs include ₹62,108 from ₹50,000 and ₹1,24,215 from ₹1 lakh. The 5-year return at the same rate is ₹71,768 and ₹1,43,535, respectively. Use the Jana FD calculator to compare returns with other top banks like Utkal Grameen Bank (6.5%-7%) and Yes Bank (7.3%-8%). The bank offers enhanced interest rates for seniors, higher than standard rates by 0.5%. Eligible for FDs are individuals, HUFs, private firms, societies, and NGOs. The FD types range from Regular to FD Plus, and a Tax Saver option, with specific investment limits. Tax Saver FDs allow tax deductions under Section 80C, though penalties apply for premature withdrawals. The bank is covered under the DICGC insurance up to ₹5 lakhs, ensuring the safety of deposits. Nomination and auto-renewal facilities are available. While PAN is not mandatory, failing to submit it results in a doubled TDS rate of 20%. Loans can be taken against FDs, but overdrafts aren't available on tax-saving deposits. Customers benefit from the convenience of opening and managing deposits online or via mobile banking. Jana Small Finance Bank also offers recurring deposits, making it a comprehensive choice for safe and rewarding investments.