Jana Small Finance Bank (SFB) has increased its interest rates on fixed deposits of less than Rs 2 crore. According to the official website of the bank, the new rates will be effective from February 1, 2023.
After the revision, the bank is now offering interest ranging from 3.75% to 6.00% for general public and 4.45% to 6.70% for senior citizens on deposits of 7 days to 10 years. The bank will now offer a maximum return of 8.10% to non-senior citizens and 8.80% to senior citizens on deposits of 2 years to 3 years.
The bank is now offering an interest rate of 3.75% on deposits maturing in the next 7-14 days and 4.25% on deposits maturing in the next 15-60 days.
Jana Small Finance Bank FD Rates
At present, the bank is offering an interest rate of 5.25% for deposits with a tenure of 61 to 90 days and 5.50% for deposits with a tenure of 91 to 180 days. Deposits with maturities between 181-364 days and 1 year [365 days] will now fetch interest at the rate of 7.00% and 7.25% respectively.
The bank will now offer an interest rate of 7.50% on deposits maturing in 1 year to 2 years, while a maximum interest rate of 8.10% is being offered on deposits maturing in 2 years to 3 years. Now guaranteeing an interest rate of 7.35% on deposits for a period of 3 to 5 years. While the bank will get 7.25% interest on deposits of 5 years (1825 days) duration. Interest rate on deposits maturing in 5-10 years has increased to 6.00%.
RBL Bank also increased the interest rate
RBL Bank has increased its interest rates on fixed deposits up to ₹ 2 crore. According to the official website of the bank, the new rates will be effective from February 1, 2023. After the adjustment, the bank is now offering an interest rate of 3.50% to 6.25% for general public and 4.00% to 6.75% for senior citizens. RBL Bank is offering a maximum return of 7.80% for non-senior citizens and 8.30% for senior citizens for a deposit tenure of 453 to 725 days.
The bank currently offers an interest rate of 3.50% on deposits maturing in the next 7 to 14 days, while RBL Bank now guarantees an interest rate of 4.00% on deposits maturing in the next 15 to 45 days.
