Bank FD: This small finance bank offers 7.80% interest on fixed deposits; check details

Jana Small Finance Bank Fixed Deposit Interest Rate Hike: small finance bank Jana Small Finance Bank At a time when the Reserve Bank has increased its fixed deposit interest rates India The repo rates have been increased by 40 basis points, or 0.40 per cent, in an off-cycle monetary policy committee meeting. With an aim to contain inflation, the move prompted banks and NBFCs to increase their interest rates on all loans and deposits, including FDs. Jana Small Finance after RBI’s decision bank FD interest Rate hikes were also implemented.
After the hike in the FD rate of Jana Small Finance Bank, the new rates of interest in Small Finance Bank have become the highest giver of returns. The interest rate of Jana Small Finance Bank FD has been fixed at 7.80 per cent for senior citizens with tenures between three years and five years. It is one of the leading small finance banks offering high FD interest rates. Naya Jana Small Finance Bank FD Interest Rates These have come into effect on May 5, a day after the RBI held its MPC meeting. The next meeting of the RBI is scheduled from June 6 to June 8, when another repo rate hike is predicted by experts.

The revised interest rates on fixed deposits of less than Rs 2 crore with effect from May 5, 2022 in ICICI Bank are as follows:

7 days to 14 days: for general public – 2.50 percent; For senior citizens – 3.80 percent

15 days to 60 days: for general public – 3.00 percent; For senior citizens – 3.80 percent

61 days to 90 days: for general public – 3.75 percent; For senior citizens – 4.55 percent

91 days to 180 days: for general public – 4.50 percent; For senior citizens – 5.30 percent

181 days to 364 days: for general public – 5.50 percent; For senior citizens – 6.30 percent

1 year (365 days): for general public – 6.50 percent; For senior citizens – 7.30 percent

1 year and above to 2 years: for general public – 6.50 percent; For senior citizens – 7.30 percent

From 2 years and above to less than 3 years: for general public – 6.75 percent; For senior citizens – 7.55 percent

From 3 years and above to less than 5 years: for general public – 7.00 percent; For senior citizens – 7.80 percent

5 years (1825 days): for general public – 6.75 percent; For senior citizens – 7.55 percent

5 years and above to 10 years: for general public – 6.00 percent; For senior citizens – 6.80 percent

Jana Small Finance Bank Limited (Jana Small Finance Bank) is one of the leading small finance banks in India in terms of assets under management and deposit size as on March 31, 2020, according to the website. Jana Small Finance Bank ranks second. Geographically diversified portfolio with pan India presence among all small finance banks in India as on March 31, 2020, according to its website. As on February 28, 2021, Jana Small Finance Bank had 611 branches, including 166 branches in unbanked rural centers and 134 ATMs located in 229 districts across 19 states and three union territories.

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