Individual

Savings Accounts

Interest Rate on all Savings Accounts applicable for Domestic, Senior Citizens and Non – Resident customers effective 02nd September 2023

Sr.No Savings Account Balance Interest Rate per Annum Illustration
1 Up to Rs. 1 Lakh 3.50% 3.50% 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 Crores 7.50% 7.50% will be paid on incremental balances above Rs. 5 Lakhs & up to Rs. 10 Crores
4 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
5 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 savings account on quarterly basis
  3. Rates are subject to change from time to time

e.g.: If a customer maintains Rs.150,000/- in the savings account, 3.50% interest will be earned for Rs.100,000/- and 5.00% interest will be earned for the remaining Rs.50,000/-

Sweep Deposits

Interest Rates for Sweep Deposits
Effective Date: 11th January'2022

Period Sweep - 30 days Sweep - 90 days Sweep - 180 days Sweep - 365 days
7-14 days 2.50% 2.50% 2.50% 2.50%
15-60 days 3.00% 3.00% 3.00% 3.00%
61-90 days - 3.75% 3.75% 3.75%
91-180 days - - 4.50% 4.50%
181-364 days - - - 5.50%
1 year (365 days) - - - 6.75%

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 2nd July 2024.

Tenure Regular FD Interest Rate (p.a.) Senior Citizen FD Interest Rate (p.a.)
7-14 Days 3.00% 3.50%
15-60 Days 4.25% 4.75%
61-90 Days 5.00% 5.50%
91-180 Days 6.50% 7.00%
181-364 Days 8.00% 8.50%
365 Days 8.25% 8.75%
> 1 Year - 2 Year(730 Days) 8.25% 8.75%
> 2 Years - 3 Years(1095 Days) 8.25% 8.75%
> 3 Year - < 5 Years 7.25% 7.75%
5 Years(1825 Days) 7.25% 7.75%
> 5 Years - 10 Years 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. Interest earned on NRO fixed deposits are taxable as per applicable rates according to Income Tax Act 1961 as amended from time-to-time.
  6. 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.
  7. The maximum amount is INR 1.5 Lakhsfor Tax Saver FD.
  8. 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.
  9. 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 –0.5%
    2. Fixed Deposits greater than or equal to INR 300 Lakhs - 1%
  10. 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.
  11. 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.
  12. 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 10th July 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) 8.35% 8.30% 8.05% 8.05% 8.05% 8.05%
> 2 Years - 3 Years(1095 Days) 8.35% 8.30% 8.30% 8.30% 8.30% 8.30%
> 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% 9.75%
> 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 0.5% 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 8th July 2024

Tenure 3 Crores - 5 Crores >5 Crores - < 10 Crores 10 Crores - 25 Crores >25 Crores - 50 Crores >50 Crores
7-14 Days 3.00% 3.00% 3.00% 3.00% 3.00%
15-30 Days 4.25% 4.25% 4.25% 4.25% 4.25%
31-45 Days 4.25% 4.25% 4.25% 4.25% 4.25%
46-60 Days 4.25% 4.25% 4.25% 4.25% 4.25%
61-90 Days 5.00% 5.00% 5.00% 5.00% 5.00%
91-180 Days 6.25% 6.25% 6.25% 6.25% 6.25%
181-364 Days 7.00% 7.00% 7.00% 7.00% 7.00%
365 Days 7.25% 7.25% 7.25% 7.25% 7.25%
> 1 Year - 2 Year(730 Days) 8.25% 8.00% 8.00% 8.00% 8.00%
> 2 Years - 3 Years(1095 Days) 8.25% 8.25% 8.25% 8.25% 8.25%
> 3 Year - < 5 Years 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%

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 22.00% 28.00% 25.01%
Agri Group Loan 22.00% 28.00% 24.11%
Agri Individual Loan 19.00% 26.00% 24.00%
Individual Loan 16.99% 28.00% 25.85%
Home Improvement Loan 19.99% 28.00% 26.19%
Gold Loan 11.99% 17.99% 15.58%
Two Wheeler Loans 15.00% 28.00% 19.73%
PM Svanidhi 24.00% 28.00% 24.00%
OD Against FD 3.50% 11.00% -
Housing Loan* 9.75% 25.00% 12.09%
Non Housing Loan* 11.00% 25.00% 15.77%

*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 %.