Another small finance bank changed FD interest rates in May, new rates implemented, know how much return you will get now?

Changes in deposit interest rates continue in May. Now Jana Small Finance Bank has changed the FD interest rates. The interest rate has been increased for some tenures. The new rates are effective from May 19. After the amendment, the bank is offering interest ranging from 3.50% to 8.11% to the common citizens. Earlier the maximum interest rate was 7.77%.

The bank is offering 0.50% additional interest facility to senior citizens on maturity slabs of 181 days or more, except for some tenures. All banks keep revising the interest rates of FD from time to time. Therefore, before investing, it is advisable to visit the official website of the bank or the nearest branch. Customers can invest in FD from 7 days to 10 years.

Highest interest on tenure of so many days

The bank is offering the highest returns on tenure of 370 days to 380 days. It is giving 8.11% interest to all citizens on investment of less than Rs 3 crore. The bank is giving 8% interest on tenure of 2 years and 6 months. Senior citizens do not get additional interest for both the tenures. Earlier, the bank used to offer maximum interest (7.77%) on two different tenures ranging from 3 years to 5 years.

Senior citizens are getting up to 8% interest on these FD tenures.

The bank is offering 8% interest to senior citizens on all three tenures ranging from 366 days to 369 days, 381 days to less than 2 years 6 months and 2 years 6 months to 3 years. Whereas ordinary citizens are getting 7.50% interest. The bank is offering 7.50% interest to senior citizens on tenure ranging from 271 days to 365 days. Senior citizens are also getting the facility of 50 bps additional interest on tenure ranging from 181 days to 5 years to 10 years.

Know tenure wise interest rates

• 7 days to 14 days – 3.50%
• 15 to 60 days – 4.25%
• 61 to 90 days – 4.75%
• 91 days to 120 days – 5%
• 121 Three to 180 days – 6%
• 181 days to 270 days – 6.50%
• 271 days to 365 days – 7%
• 366 days to 369 days – 7.50%
• 370 days to 380 days – 8.11%
• 371 days to less than 2 years 6 months – 7.50%
• 2 years 6 months- 8%
• More than 2 years, 6 months and up to 3 years – 7.50%
• More than 3 years and less than 5 years – 7.77%
• 5 years- 7.77%
• Above 5 years and up to 10 years – 6.50%

Check new interest rates here