Jana Small Finance Bank hikes interest rates on fixed deposits and offers attractive interest rates

Bangalore: Jana Small Finance Bank, one of the leading small finance banks in India, has announced a new increase in interest rates on regular fixed deposits, effective Feb 1, 2023 and on FD Plus are effective from Feb 6, 2023.

IBNS • 6 Feb 2023, 04:20 pm

With this hike, the bank now provides among the highest interest rates in the Banking industry.

Customers will now get an interest rate as high as 8.10% on regular deposits for a tenure of more than 2-3 years. Customers can reap the benefit of 8.25% on Fixed Deposit Plus for a tenure of more than 2-3 years. Bank also offers 8.80% 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.”