Interest Rates

Individual

Liquid Plus Fixed Deposit

Liquid Plus Fixed Deposit

Interest Rates for Liquid Plus Fixed Deposit effective 19th September 2024

Tenure Retail ^ FD Interest Rate (p.a.) Bulk ^ FD Interest Rate (p.a.)
7-14 Days 6.75% 6.75%
15-60 Days 6.75% 6.75%
61-90 Days 6.75% 6.75%
91-180 Days 6.75% 6.75%

Note:

  1. The interest shall be computed based on the actual number of days in a year i.e. 365 days for a non-leap year and 366 days for a leap year. The tenor of the Fixed Deposit shall be calculated in number of days.
  2. In case of premature withdrawal or partial withdrawal of the Liquid Plus Fixed Deposit, interest shall not be paid at the originally contracted rate. In such cases, interest shall be paid at the applicable rate of interest for the duration for which the fixed deposit is maintained with us.
  3. Minimum tenor for Liquid Fixed Deposits is 7 days. No interest shall be paid in case premature withdrawal is made within 7 days.
  4. For all Non-Cumulative Fixed Deposits, interest shall be calculated on simple interest basis.
  5. Interest payouts are as per financial year. Monthly Interest payouts will be on 1st of every month, Quarterly Interest payouts will be on the 1st of every quarter, Half-yearly payouts will be on 1st October & 1st April.
  6. The Minimum Value of a retail Fixed Deposit is ₹ 10 lakh and Maximum Value is Below ₹ 3 crore. The Minimum Value of a bulk Fixed Deposit is ₹ 3 crore and Maximum Value is upto 200 crore.
  7. The booking and partial withdrawal of the Liquid Plus Fixed Deposit Booking and Partial withdrawal can only be done in the banking hours by visiting the Branch. The same cannot be done through mobile banking application or internet banking portal in any scenario whatsoever.
  8. In case of partial withdrawal of the Liquid Plus Fixed Deposit, value of fixed deposit after the partial withdrawal should be equal to or more than the minimum fixed deposit value as stated above or as changed by the Bank from time to time.
  9. In case of withdrawal of fixed deposit (partial or full), the Bank shall endeavor settle the amount on T + 0 basis only in case the client has Current / Savings Account with the Bank. The said turnaround time shall change in case any event occurs which is beyond the control of the Bank.
  10. Taxes, duties, levies or other statutory dues and charges applicable in connection with the benefits accruing as per the terms of these Fixed Deposits will be recoverable from the Customer.
  11. Above rates will be applicable for all Resident Individual and Non Individual clients (no preferential rates are applicable for Senior Citizens or Bank’s employees under this product).
  12. Rates are subject to change from time to time without prior notice.
  13. Overdraft facility is available on the Liquid Plus Fixed Deposit. For more details, please contact your nearest Branch.
  14. The Bank shall have the absolute discretion to amend or supplement any of the Terms and Conditions at any time. The Bank may communicate the amended Terms to the customer. By continuing the Fixed Deposit with the Bank and using allied services, the Customer shall be deemed to have accepted the changed Terms and Conditions and any new terms and conditions stipulated by the Bank and/or its.

Savings Accounts

Interest Rate on all Savings Accounts customers effective from 03rd October 2024

Sr.No Savings Account Balance Interest Rate per Annum Illustration
1 Up to Rs. 1 Lakh 2.50% 2.50% will be paid on balances up to Rs. 1 Lakh
2 More than Rs. 1 Lakh and Up to Rs. 5 Lakhs 5.00% 5.00% will be paid on incremental balances above Rs. 1 Lakh & up to Rs. 5 Lakhs
3 More than Rs. 5 Lakhs and Up to Rs. 10 Lakhs 6.50% 6.50% will be paid on incremental balances above Rs. 5 Lakhs & up to Rs. 10 Lakhs
4 More than Rs. 10 Lakhs and Up to Rs. 10 Crores 7.50% 7.50% will be paid on incremental balances above Rs. 10 Lakhs & up to Rs. 10 Crores
5 More than Rs. 10 Crores and Up to Rs. 20 Crores 7.55% 7.55% will be paid on incremental balances above Rs. 10 Crores & up to Rs. 20 Crores
6 More than Rs. 20 Crores (Please contact your Branch)

Note:

  1. Interest is calculated on day-end balances maintained in the savings account
  2. The interest is paid / credited to the savings account on a quarterly / Monthly frequency, basis the applicable savings account variant.
  3. Rates are subject to change from time to time

e.g.: If a customer maintains Rs. 1,50,000/- in the savings account, 2.50% interest will be earned for Rs. 1,00,000/- and 5.00% interest will be earned for the remaining Rs. 50,000/-

Sweep Deposits

Interest Rates for Sweep Deposits
Effective Date: 31st July 2024

Period Sweep - 30 days Sweep - 90 days Sweep - 180 days Sweep - 365 days
7-14 days 3.00% 3.00% 3.00% 3.00%
15-60 days 4.25% 4.25% 4.25% 4.25%
61-90 days - 5.00% 5.00% 5.00%
91-180 days - - 6.50% 6.50%
181-364 days - - - 8.00%
1 year (365 days) - - - 8.25%

Terms and Conditions:

  1. Interest is calculated on Simple Interest basis.
  2. For detailed sweep deposits Terms & Conditions and schedule of charges for the Current Accounts please visit on www.janabank.com
  3. Rates are subject to change from time to time

Retail Fixed Deposits for Domestic/NRO/NRE Customers

Interest Rates for Retail Fixed Deposits for Domestic / NRO / NRE Customers: Effective from 27th September 2024

Tenure Regular FD Interest Rate (p.a.) <10 Lakhs Sr. Citizen Interest Rate (p.a.) <10 Lakhs Regular FD Interest Rate (p.a.) >=10 lakhs Sr. Citizen Interest Rate (p.a.) >=10 Lakhs
7-14 Days 3.00% 3.50% 6.75% 6.75%
15-60 Days 4.25% 4.75% 6.75% 6.75%
61-90 Days 5.00% 5.50% 6.75% 6.75%
91-180 Days 6.50% 7.00% 6.75% 6.75%
181-364 Days 8.00% 8.50% 8.00% 8.50%
365 Days 8.25% 8.75% 8.25% 8.75%
> 1 Year - 2 Year(730 Days) 8.25% 8.75% 8.25% 8.75%
> 2 Years - 3 Years(1095 Days) 8.25% 8.75% 8.25% 8.75%
> 3 Year - < 5 Years 7.25% 7.75% 7.25% 7.75%
5 Years(1825 Days) 7.25% 7.75% 7.25% 7.75%
> 5 Years - 10 Years 6.50% 7.00% 6.50% 7.00%

Terms and Conditions:

  1. The interest is computed based on the actual number of days in a year i.e. 365 days for a non-leap year and366 daysfor a leap year. The tenor of Deposit is calculated in number of days.
  2. The above cardrates are applicable to depositsless than INR 3 Crore.
  3. Minimum tenure for NRE fixed deposits is 1 year and no interest rate is payable for deposits prematurely withdrawn within the period of 1 year from the date of the deposit.
  4. Only Resident Indian Senior Citizens (of 60 years and above age) are eligible for the above mentioned Senior Citizen Interest rate specified. The special rates are applicable only for Resident deposits
  5. Senior Citizens shall not get an extra 0.50% interest for FDs (>=₹ 10 Lakhs) for tenures between 7 days to 180 days.
  6. Interest earned on NRO fixed deposits are taxable as per applicable rates according to Income Tax Act 1961 as amended from time-to-time.
  7. In case of NRE deposit no interest will be paid if the NRE Deposit is liquidated before the completion of 1 year from the date of booking.
  8. The maximum amount is INR 1.5 Lakhsfor Tax Saver FD.
  9. Sr. Citizen Preferential rate is applicable for Tax Saver FD. The lock-in period for Tax Saver FD shall be 5 Years(1825Days) and no premature withdrawal will be allowed during lock-in period.
  10. In case of premature withdrawal of the deposit, interest will not be paid at the originally contracted rate. In such cases interest will be paid at the applicable rate of interest for the duration which the deposit is maintained with us minus premature withdrawal penal rate as follows:
    1. FixedDeposit less thanINR 300 Lakhs – 1%
    2. Fixed Deposits greater than or equal to INR 300 Lakhs - 1%
  11. For all Non-Cumulative Fixed Deposits, interest is calculated on Simple interest basis. Interest payouts are as per financial year: Monthly Interest payouts will be on 1st of every month, Quarterly Interest payouts will be on the 1st of every quarter, Half-yearly payouts will be on 1stOctober & 1st April and Annual interest payouts will be on 1st April irrespective of the date of booking.
  12. In case of premature withdrawal of fixed deposit: The Interest rate applicable for premature closure will be lower of the rate for the original /contracted tenure for which the deposit has been booked OR the rate as prevailing on the date of deposit for the tenure for which the of deposit has been in force with the Bank.
  13. Rates are subject to change from time to time without prior notice.

Fixed Deposit Plus

Interest Rates for FD Plus: (For Fixed Deposits with No Premature Withdrawal facility): Effective from 21st October 2024

Tenure < 3 Crores 3 Crores - 5 Crores >5 Crores - 10 Crores >10 Crores - 25 Crores >25 Crores - 50 Crores >50 Crores
7-14 Days 3.10% 3.05% 3.05% 3.05% 3.05% 3.05%
15-30 Days 4.35% 4.30% 4.30% 4.30% 4.30% 4.30%
31-45 Days 4.35% 4.30% 4.30% 4.30% 4.30% 4.30%
46-60 Days 4.35% 4.30% 4.30% 4.30% 4.30% 4.30%
61-90 Days 5.10% 5.05% 5.05% 5.05% 5.05% 5.05%
91-180 Days 6.60% 6.30% 6.30% 6.30% 6.30% 6.30%
181-364 Days 8.10% 7.05% 7.05% 7.05% 7.05% 7.05%
365 Days 8.35% 7.30% 7.30% 7.30% 7.30% 7.30%
> 1 Year - 2 Years(730 Days) 8.45% 8.05% 8.05% 8.50% 8.65% 8.05%
> 2 Years - 3 Years(1095 Days) 8.35% 8.05% 8.05% 8.05% 8.05% 8.05%
> 3 Year - < 5 Years 7.35% 7.30% 7.30% 7.30% 7.30% 7.30%
5 Years(1825 Days) - 10 Years 6.60% 6.30% 6.30% 6.30% 6.30% 6.30%

Terms and Conditions:

  1. The above rate is applicable for domestic Fixed deposits of above Rs. 1 Crore (Rupees one crore) accepted from Individual and HUF customers and for above INR 15 Lakhs( Rupees Fifteen lacs) accepted from other customers (other than Individual and HUF).
  2. The interest is computed based on the actual number of days in a year i.e. 365 days for a non- leap year and 366 days for a leap year. The tenor of Deposit is calculated in number of days.
  3. For the “FD with no Premature withdrawal / FD Plus Product”
    • Auto Renewal facility is not available
    • Pre-mature withdrawal of the deposit is not allowed before the expiry of the term, except in case of death of the account holder or on order from statutory and/or regulatory authority.
  4. For all Non-Cumulative Fixed Deposits, interest is calculated on Simple interest basis. Interest payouts are as per financial year: Monthly Interest payouts will be on 1st of every month, Quarterly Interest payouts will be on the 1st of every quarter, Half-yearly payouts will be on 1st October & 1st April and Annual interest payouts will be on 1st April irrespective of the date of booking.
  5. In case of premature withdrawal of fixed deposit, the Interest rate applicable for premature closure will be lower of the rate for the original /contracted tenure for which the deposit has been booked OR the rate as prevailing on the date of deposit for the tenure for which the of deposit has been in force with the Bank.
  6. Rates are subject to change from time to time without prior notice.

Recurring Deposit

Recurring Fixed Deposit Rates: Effective from 13th July 2024

Period Regular RD Interest Rate (p.a.) Senior Citizen RD Interest Rate (p.a.)
> 1 Months - 6 Months 4.50% 5.00%
> 6 Months - < 12 Months 8.00% 8.50%
12 Months 8.25% 8.75%
> 12 Months - 24 Months 8.25% 8.75%
> 24 Months - 36 Months 8.25% 8.75%
> 36 Months - 60 Months 7.25% 7.75%
> 60 Months - 120 Months 6.50% 7.00%

Terms and Conditions:

  1. The interest is computed based on the actual number of days in a yeari.e. 365 daysfor a nonleap year and 366 days for a leap year. The tenor of Deposit is calculated in number of days
  2. In case of premature withdrawal of the recurring deposit, penalty of 1% will be applied on the applicable rate of interest for the duration which the deposit is maintained with us.
  3. For delayed and/or missed monthly payment:
    1. A Penalty of ₹ 1.5 per ₹ 100 on the instalment amount will be levied
    2. This penalty will be levied on actual basisi.e. on the number of days of delay
    3. Grace period of 5 days will be provided to the customer to make the instalment payment to avoid the penal charges
  4. Bank reserves the right to close the recurring deposit in case the customer misses 5 consecutive recurring deposit instalments.
  5. The minimum tenor of Recurring Depositshould be 6 months
  6. The minimum instalment amountshould be ₹ 100.
  7. The instalment amount should be in multiples of ₹ 100.
  8. In case of premature withdrawal of recurring deposit, the Interest rate applicable for premature closure will be lower of the rate for the original /contracted tenure for which the deposit has been booked OR the rate as prevailing on the date of deposit for the tenure for which the of deposit has been in force with the Bank along with the penalty rates as applicable.
  9. Rates are subject to change from time to time

Bulk Deposits for Resident/Non-Residents

Interest Rates for Bulk Fixed Deposits for Resident/Non-Residents: Effective from 21st October 2024

Tenure 3 Crores - 4 Crores >4 Crores -5 Crores >5 Crores - < 10 Crores 10 Crores - 25 Crores >25 Crores - 50 Crores >50 Crores
7-14 Days 6.75% 6.75% 6.75% 6.75% 6.75% 6.75%
15-30 Days 6.75% 6.75% 6.75% 6.75% 6.75% 6.75%
31-45 Days 6.75% 6.75% 6.75% 6.75% 6.75% 6.75%
46-60 Days 6.75% 6.75% 6.75% 6.75% 6.75% 6.75%
61-90 Days 6.75% 6.75% 6.75% 6.75% 6.75% 6.75%
91-180 Days 6.75% 6.75% 6.75% 6.75% 6.75% 6.75%
181-364 Days 7.00% 7.00% 7.00% 7.75% 7.00% 7.00%
365 Days 7.25% 7.25% 7.25% 7.75% 7.25% 7.25%
> 1 Year - 2 Year(730 Days) 8.35% 8.00% 8.00% 8.40% 8.00% 8.00%
> 2 Years - 3 Years(1095 Days) 8.25% 8.25% 8.25% 8.25% 8.25% 8.25%
> 3 Year - < 5 Years 7.00% 7.00% 7.00% 7.00% 7.00% 7.00%
5 Years(1825 Days) - 10 Years 6.25% 6.25% 6.25% 6.25% 6.25% 6.25%

Terms and Conditions:

  1. The interest is computed based on the actual number of days in a year i.e. 365 days for a non- leap year and 366 days for a leap year. The tenor of Deposit is calculated in number of days.
  2. The above card rates are applicable to deposits of INR 3 Crore & above.
  3. In case of premature withdrawal of the deposit, interest will not be paid at the originally contracted rate. In such cases interest will be paid at the applicable rate of interest for the duration which the deposit is maintained with us minus premature withdrawal penal rate as follows:
    1. Fixed Deposits greater than or equal to INR 300 Lakhs – 1%
  4. For all Non-Cumulative Fixed Deposits, interest is calculated on Simple interest basis. Interest payouts are as per financial year: Monthly Interest payouts will be on 1st of every month, Quarterly Interest payouts will be on the 1st of every quarter, Half-yearly payouts will be on 1st October & 1st April and Annual interest payouts will be on 1st April irrespective of the date of booking.
  5. In case of premature withdrawal of fixed deposit: The Interest rate applicable for premature closure will be lower of the rate for the original /contracted tenure for which the deposit has been booked OR the rate as prevailing on the date of deposit for the tenure for which the of deposit has been in force with the Bank.
  6. Sr. Citizen Preferential rate is not applicable for NRE & NRO Fixed Deposits.
  7. Minimum tenure for NRE fixed deposits is 1 year and no interest rate is payable for deposits prematurely withdrawn within the period of 1 year from the date of the deposit.
  8. Interest earned on NRO fixed deposits are taxable as per applicable rates according to Income Tax Act 1961 as amended from time-to-time.
  9. Rates are subject to change from time to time without prior notice.

Loans

Jana Small Finance Bank offers Loans at attractive interest rates. For more information on our Loan offerings and interest rates, please get in touch with us or visit our nearest branch.

Type Product Type Min Interest Rate Max Interest Rate Weighted Average/Mean Interest Rates
Individual Loans Group Loan 23.00% 25.00% 24.89%
Agri Group Loan 22.00% 25.00% 23.94%
Agri Individual Loan 24.00% 24.00% 24.00%
Individual Loan 19.99% 28.00% 26.50%
Gold Loan 9.99% 17.99% 15.73%
Two Wheeler Loans 16.00% 26.00% 19.45%
PM Svanidhi 24.00% 24.00% 24.00%
OD Against FD (over & above FD rate) 0.50% 1.50% -
Housing Loan* 9.75% 24.00% 11.84%
Non Housing Loan* 10.00% 24.00% 15.73%
Water, Sanitisation and Hygiene (Wash) 28.00% 28.00% 28.00%

*Under Hybrid Rate of interest, The rate of interest is fixed for 39 months after first disbursement. After 39 months, there will be a floating rate of interest charged :T-Bill% of the month of reset + Applicable Margin %.

*For Quarter: Apr’24-Jun’24