Karnataka Bank and Jana Small Finance Bank have changed the interest rates on FDs of less than Rs 2 crore. Along with this, Jana Small Finance Bank has also changed the interest rates on savings account.
According to the information available on the official website of banks, the new rates of interest are effective from December 1, 2022. After the change in interest rates, Jana Small Finance Bank is offering a maximum interest rate of 7.55 percent and 8.50 percent to ordinary citizens on savings accounts and FDs maturing in 2 to 3 years. At the same time, Karnataka Bank is offering an interest rate of 5.25 per cent to 5.80 per cent on FDs maturing in 7 days to 10 years.
Jana Small Finance Bank Savings Account Interest Rates
Interest is calculated on the end-of-day balance in the Jana Small Finance Bank Savings Account. Bank interest is paid on quarterly basis in savings account. Jana Small Finance Bank is offering 3.50 percent interest rate on Rs 1 lakh and 7 percent interest rate from Rs 1 lakh to Rs 50 crore. Bank is paying interest at the rate of 6.50% on the amount above this.
Jana Small Finance Bank New FD Rates
Jana Small Finance Bank 2.50% for FDs maturing in 7-14 days, 3.00% for FDs maturing in 15-60 days, 5.25% for 61-90 days, 91-180 days is offering an interest rate of 5.50 per cent.
The bank is paying interest rate of 7 percent on deposits maturing in 181 days to one year (365 days) and 7.50 percent on deposits maturing in one year to two years. Deposits maturing in 2 to 3 years will get interest at the rate of 7.55 percent, while FDs maturing in 3-5 years will get interest at the rate of 7.35 percent. The interest rate offered by Jana Small Finance Bank is 7.25 percent for FDs maturing in 5 years and 6 percent for FDs maturing in 5-10 years.
New FD Rates of Karnataka Bank Karnataka Bank is currently paying an interest rate of 5.25 percent on FDs maturing in 7 to 364 days. Is offering an interest rate of 7.20 percent on FDs maturing in 555 days. Now 6.80 percent interest will be given on FD with a period of 2 years, at the rate of 5.75 percent if it matures in 2-5 years. Karnataka Bank is now paying an interest rate of 5.80 percent for FDs of 5 to 10 years. If an FD of Rs 2 crore is closed prematurely, a penalty of one per cent of the applicable rate will be charged.
