FD Rate Hike: Jana Small Finance Bank has announced to increase interest rates on Regular Fixed Deposits (FD) with effect from 15th December. With this increase, the bank is offering one of the highest interest rates across the industry. Let us know the complete details about it.
Customers will now get a higher interest rate of 7.85% on deposits for a period of two to three years. While senior citizens will get 8.80% interest for the same tenure.
Srinivasa Murthy, president and head of branch banking and marketing, said, “We believe that with our superior customer experience, fast turnaround time and extremely competitive interest rates on deposits, we are well positioned to meet the ever-growing Ready from.
The needs of the customers for the banking products and services offered by us. This increase in interest rates during this period will directly help our customers in better planning of their investments and further their financial goals.
Bank New FD Rates
- Existing Jana Small Finance Bank customers can also open an FD through Internet Banking which promises to be hassle free.
- Kotak Mahindra Bank has also announced an increase in fixed deposit interest rates of various tenors. The bank will offer an interest rate of 7% for tenures less than 390 days (12 months 25 days), 391 days-23 months and 23 months.
- The increase in rates on fixed deposits will be effective from December 15.
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