Jana Small Finance Bank, one of India’s largest small finance banks, has announced a new increase in interest rates on standard fixed deposits, which will take effect on February 1, 2023, and on FD Plus, which will take effect on February 6, 2023. With this increase, the bank is now offering some of the highest interest rates in the banking business.
Customers can now earn up to 8.10 per cent interest on regular deposits held for more than 2-3 years. Customers can earn 8.25 per cent on Fixed Deposit Plus for terms of greater than 2-3 years. In addition, the bank offers 8.80 per cent on Senior Citizen Fixed Deposits.
Speaking on this development Shrinivas Murty, President and Head of Branch Banking and Marketing said, “Our interest rates are best in class. We offer a wide range of Liabilities products suitable for every customer segment we serve. Jana Fixed deposits & Current accounts with sweep-in facility are extremely well received as these products help balance liquidity needs with returns. This increase in interest rates would help our customer plan their investments better & meet their financial objectives.”
Existing Jana Small Finance Bank customers can also use online banking to book or invest in FDs from the convenience of their homes or offices. Customers can book FDs quickly and easily using this online approach.
Jana Small Finance Bank provides its retail customers with the option of opening Current Accounts, Savings Accounts, and Recurring Deposits in addition to normal fixed deposits. The bank also provides competitive interest rates on NR (Non-Resident) Fixed Deposits.
