Interest Rates for Fixed Deposits

Interest Rates for Fixed Deposits

Regular FD Interest Rate Senior Citizen FD Interest

(p.a.) Rate (p.a.)
Period Effective Date- 21/06/2019 Effective Date- 21/06/2019
Rate Effective Yield Rate Effective Yield
7-45 days 6.00% 6.00% 6.60% 6.60%
46-60 days 6.50% 6.50% 7.10% 7.10%
61-180 days 7.00% 7.06% 7.60% 7.67%
181-364 days 8.25% 8.51% 8.85% 9.15%
1 year (= 365 days) 8.50% 8.77% 9.10% 9.42%
More than 1 year and less than 2 years 8.50% 9.16% 9.10% 9.86%
2 years (= 730 days) 8.60% 9.28% 9.20% 9.98%
> 2 years - 3 years 8.50% 9.57% 9.10% 10.33%
> 3 years - 5 years 8.00% 9.72% 8.60% 10.61%
> 5 years - 10 years 6.75% 9.54% 7.35% 10.73%

Terms and Conditions:

1. The interest is computed based on the actual number of days in a year i.e. 365 days for a non- leap
year and 366 days for a leap year. The tenor of Deposit is calculated in number of days.
2. The above card rates are applicable to deposits less than INR 2 Crore.
3. For interest rates on deposits of INR 2 Crore & above, please contact the nearest branch of Jana
Small Finance Bank.
4. In case of premature withdrawal of the deposit, interest will not be paid at the originally
contracted rate. In such cases interest will be paid at the applicable rate of interest for the
duration which the deposit is maintained with us minus premature withdrawal penal rate as
follows:
- Fixed Deposit less than INR 200 Lakhs – 0.5%
- Fixed Deposits greater than or equal to INR 200 Lakhs – 1%

Note on Calculation of Effective Yield:

 The yield showcased in the rate table is only indicative in nature, for exact returns always consult
Jana Bank branch.
 The yield calculation is calculated from the start of the year i.e. 1st January.
 The yield calculation discounts Leap year.
 The yield is calculated for cumulative deposits.
 Effective Yield =[ (Total Maturity Pay out/original Principal ) – 1] / Tenor in years
a) 1 year = 365 days
b) Total maturity Pay-out includes the quarterly compounding of deposits
c) The yield calculation is inclusive of TDS amount.
Interest Rates for Fixed Deposits

Interest Rates for FD Plus

(For Fixed Deposits with No Premature Withdrawal facility)
Fixed Deposit Plus
(with no premature Withdrawal facility)
Period Interest Rate (p.a.)
Effective Date : 21/06/2019
Rate Effective Yield
7-45 days 6.00% 6.00%
46-60 days 6.50% 6.50%
61-180 days 7.25% 7.31%
181-364 days 8.50% 8.77%
1 year (= 365 days) 8.75% 9.04%
More than 1 year and less than 2 years 8.75% 9.45%
2 years (= 730 days) 9.00% 9.74%
> 2 years - 3 years 8.75% 9.88%
> 3 years - 5 years 8.25% 10.09%
> 5 years - 10 years 7.00% 10.03%

Terms and Conditions:

1. The above rate is applicable for Fixed Deposits above INR 15 Lakhs only.
2. The interest is computed based on the actual number of days in a year i.e. 365 days for a non- leap
year and 366 days for a leap year. The tenor of Deposit is calculated in number of days.
3. For the “FD with no Premature withdrawal / FD Plus“ product
a. Auto Renewal facility is not available
b. Pre-mature withdrawal of the deposit is not allowed before the expiry of the term, except
in case of death of the account holder or on order from statutory and/or regulatory
authority.
Note on Calculation of Effective Yield:
 The yield showcased in the rate table is only indicative in nature, for exact returns always consult
Jana Bank branch.
 The yield calculation is calculated from the start of the year i.e. 1st January.
 The yield calculation discounts Leap year.
 The yield is calculated for cumulative deposits.
 Effective Yield =[ (Total Maturity Pay out/original Principal ) – 1] / Tenor in years
a) 1 year = 365 days
b) Total maturity Pay-out includes the quarterly compounding of deposits
c) The yield calculation is inclusive of TDS amount.