This private bank has increased the interest on FD, getting 7.80% return on tenure of 888 days, know the new rates

Private sector Jammu and Kashmir Bank has changed the fixed deposit interest rates (Bank FD Rates). After the amendment, common citizens are getting interest ranging from 3.50% to 7.30%. The new rates for domestic/NRO/NRE deposits of less than Rs 3 crore have become effective from July 11. Investment can be made from 7 days to 10 years.

The bank is now offering more interest than before on some tenures. Senior citizens (age group 60 to 80 years) are getting the facility of 50 bps i.e. 0.50% additional interest. Super senior citizens are getting 0.75% extra return. Keep in mind that all banks keep changing FD interest rates from time to time. Therefore, before investing, it is advisable to visit the official website of the bank or the nearest branch.

Now you will get more interest on these tenures

Earlier the bank was offering 6.70% interest on FDs of 3 years to less than 5 years, which has now been increased to 6.80%. Senior citizens are getting 7.30% interest. Now ordinary citizens are getting 6.8% interest on tenure ranging from 5 years to 10 years, which was earlier 6.75%. Whereas the interest rates for senior citizens have increased from 7.25% to 7.35%.

Maximum interest available on tenure of 888 days

The bank is offering the highest return on tenure of 888 days. However, there has been no change in the interest rates. The bank is offering 7.30% interest to general citizens, 7.80% to senior citizens and 8.05% to super senior citizens. It is offering 680% interest on tenure of less than 1 year to 18 months. Whereas on FDs of 889 days to less than 3 years, ordinary citizens are getting 6.75% interest.

Know tenure wise interest rates here

• 7 to 30 days – 3.50%
• 31 to 45 days – 3.75%
• 46 to 90 days – 5%
• 91 days to 180 days – 5.50%
• 181 days to 270 days – 5.90%
• From 271 days to less than 1 year – 6%
• From 1 year to less than 18 months – 6.80%
• 18 months to less than 2 years – 6.75%
• From 2 years to 887 days – 6.75%
• 888 days- 7.30%
• 889 days to less than 3 years – 6.75%
• From 3 years to less than 5 years – 6.80%
• From 5 years to 10 years – 6.85%

Check new interest rates here