Jana Small Finance Bank hikes interest rate on regular fixed deposits; senior citizens can earn up to 8.80% interest rate on FD

With this increase, the bank is offering one of the highest interest rates across the Banking space.

Customers will now get an interest rate as high as 7.85% on deposits for a tenure of 2-3 years. Senior Citizens can reap the benefit of 8.80% on a FD for a tenure of 2-3 years.

Speaking on this development after the launch of 736th Branch of the Bank at Vijaynagar, Bangalore Shrinivas Murty, President and Head of Branch Banking and Marketing said, “We are fast expanding our footprints across the nation to be able to cater to a large & varied segment of customers. We believe that with our superior customer experience, sharp turn-around-time of delivery & extremely competitive interest rates on deposits, we are well placed to meet the ever-growing Banking products & services needs of customers we serve. This increase in interest rates across tenures would directly help our customers to plan their investments better & help further align returns to their financial goals.”