FD Interest Rate: 8% return will be available on tenure of 181 days, new rates applicable from June 22, check here

The interest rate for FD has changed on 22 June. The small finance bank is offering 8% interest on some tenures. Let’s find out how much return customers are getting on how many days’ tenure?

The impact of 50 bps fall in repo rate is still being seen in the banking sector. Now Jana Small Finance Bank has changed the interest rates of fixed deposits. New rates for fixed deposits of less than Rs 3 crore have also come into effect from June 22 i.e. today. Customers can choose any option from 7 days to 10 years tenure. Senior citizens are also getting extra returns.

Small Finance Bank is giving 0.50% extra interest on FD tenure of more than 180 days only to Indian senior citizens. While general citizens are getting at least 3% and maximum 8.20% interest on investing less than Rs 10 lakh. Senior citizens are also getting a maximum return of 8.20%. At the same time, the duration of NRE FD is at least one year. The interest rate of fixed deposits keeps changing from time to time. Therefore, it is advisable to visit the official website of the bank or the nearest branch before investing.

Highest return on 5 year FD

1825 days i.e. 5 year FD is getting 8.20% interest. The bank is not offering additional return to senior citizens on this. On tenure of more than 2 years and 3 years i.e. 1095 days, 7.75% interest is being given to general citizens and 8.25% interest is being given to general citizens. The same return is being given on tenure of more than one year and 2 years i.e. 730 days. On tenure of more than 3 years and less than 5 years, general citizens are getting 7.25% return and senior citizens are getting 7.75% return.

Interest rate according to tenure

7 days to 14 days – 3%
15 days to 60 days – 4.25%
61 days to 90 days – 5%
91 days to 120 days – 6%
121 days to 180 days – 6%
181 days to 365 days – 7.50%
More than 1 year and up to 2 years – 7.75%
More than 2 years to 3 years – 7.75%
More than 3 years and up to 5 years – 7.25%
5 years – 8.20%
More than 5 years to 10 years – 6.50%

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