Tuesday, August 21, 2018: To celebrate today’s World Senior Citizens Day, Jana Small Finance Bank has extended its inaugural offer of fixed deposit (FD) interest rate of 9.1*% p.a. till September 7, 2018. Currently, it is one amongst the highest interest rates offered by a bank.

True to its slogan - ‘Paise ki Kadar’ i.e. value for money, Jana Small Finance Bank is focused on providing better returns to all its customers for their hard-earned money. Senior Citizens put substantial years of their lives in securing their future and that of the next generation. At this life-stage, Senior Citizens seek security and stability for their investments.

Jana Small Finance Bank is focused on not only providing them with safety and security for their money but also higher returns. Besides providing attractive FD rates, the bank doesn’t charge a penalty on premature closure from the customers.

Like senior citizens, for general deposits, the Bank is offering one amongst the highest interest of 8.5*% p.a. on fixed deposit for 366 days.
Tenure Buckets for < Rs. 1 crore Senior Citizen Interest Rate p.a. (%) for 366 days tenure* Regular Interest Rate p.a. (%) for 366 days tenure*
7 days to 45 days 6.60% 6.00%
46 days to 60 days 7.10% 6.50%
61 days to 180 days 7.60% 7.00%
181 days to 365 days 8.60% 8.00%
366* days 9.10% 8.50%
367 days to 3 years 8.85% 8.25%
More than 3 years up to 5 years 8.60% 8.00%
More than 5 years up to 10 years 7.60% 7.00%
Jana Small Finance Bank is focused on not only providing them with safety and security of their money but also higher returns. Besides providing attractive FD rates, the bank doesn’t charge a penalty on premature closure from the customers.

Like senior citizens, for general deposits, the Bank is offering one amongst the highest interest of 8.5*% on fixed deposit for 366 days.

*Rates are effective from 18/07/2018 (subject to change from time to time)


About Jana Small Finance Bank

Jana Small Finance Bank, erstwhile Janalakshmi Financial Services, is headquartered in Bengaluru. It is one of the 10 financial institutions which had received in-principle approval from RBI for setting up a Small Finance Bank in 2015.

Established in Bengaluru in 2008, it was the largest Micro Finance Institution (MFI) in India, and was recognised globally as one of the world’s innovative financial institutions working on the problem of financial inclusion.

Jana Small Finance Bank received final banking license in April 2017 and started banking operations on March 28, 2018. Under the leadership of its MD & CEO, Ajay Kanwal, Jana Small Finance Bank’s vision is to become the leading inclusive digitised bank serving all customer segments and communities of an aspirational India.

Currently, post transition phase, the bank is enabling its existing 45 lakh customers across 19 states in India to access the banking services. It has Capital Adequacy Ratio (CAR) of about 35 percent and a loan book of INR 76 billion as on March 31, 2018. By 2020, the bank aspires to add four million customers.

The bank has deep domain expertise in banking and financial services with the senior management team having 25+ years of average experience in the banking sector. Its current employee strength is of 15,000.

By the end of 2019, Jana Small Finance Bank’s 500 branches will be operational in 19 states, post conversion of majority of its micro finance storefronts into bank branches.

Bengaluru-headquartered Jana Small Finance Bank is regulated by the Reserve Bank of India (RBI).

For more details, please visit - https://www.janabank.com/

Awards and Recognitions

  • In 2015, Palladium inducted Janalakshmi Financial services into the 2015 Palladium Balanced Scorecard Hall of Fame
  • In 2016, VC Circle awarded JFS with the ‘Best Financial Services firm in India’
  • In 2017, JFS was featured in ‘Fortune – The Top 500’ as the largest corporations in India and was awarded as India’s Distinctive Goodwill Brand for 2017. In the same year, CNBC awarded JFS for Best Financial Sector Transaction ADB Private Sector
  • In 2018, Capital Finance International (CFI.co) adjudged the Jana Small Finance Bank as the The Best Inclusive Financial Services – India 2018 in London


For media queries, please contact corporate.communication@janabank.com