During the last 9 months, the Reserve Bank of India (RBI) has increased the repo rate a total of 5 times at consecutive intervals. After this increase in the repo rate, apart from most of the big government and private banks of the country, small finance banks have also increased their fixed deposit (FD) rates. In order of this increase in interest rates, Jana Small Finance Bank has increased the interest rates on FDs of less than Rs 2 crore.
Bank’s increased new FD rates
After this increase in interest rates, the bank is paying 8.10% interest on regular FD (non-callable) and 8.25% on FD Plus.Whereas on February 1, the bank had increased the interest rates of regular fixed deposits from 7.85% to 8.10%.According to the information received from the official website of the bank, the increased new interest rates are applicable from today i.e. 6th February.
7.40% interest will be available here
After this increase in the interest rate, Jana Small Finance Bank will give its customers 3.90% on 7 to 14 days fixed deposit plus FD, 4.40% on 15 days to 60 days FD and 61 days to 90 days Paying 5.40% interest on FD.On the other hand, the bank is paying 5.65% interest on FDs of 91 days to 180 days, 7.15% on FDs of 181 days to 364 days and 7.40% on FDs of 1 year.
Highest 8.25% interest is available here
On the other hand Jana Small Finance Bank is giving 7.65% interest to its customers on FDs of 1 year to 2 years while maximum interest of 8.25% is being given on FDs of 2 years to 3 years. Apart from this, the bank is giving 7.50% interest to its customers on FDs of 3 years to 5 years. At the same time, the bank is giving 7.40% interest to its customers on 5-year FD and 6.15% on 5-year to 10-year FD.
