Product Details
Bank Name
Jana Small Finance Bank
Eligibility
Both new and existing customers of Jana Small Finance Bank can open a Fixed Deposit account.
Following are the types of customers who can open fixed deposit accounts: Individuals and HUF (Hindu Undivided Family).
Interest Rate
8.20% per annum.
Tenure
5 years.
Fixed Deposit Type
Tax Saver
FD Tax Saver Fixed Deposit
Tax Benefits
Tax exemption under Section 80C of the Income Tax Act, 1961
Credit Ratings
IND A-/Stable
Interest Payment Frequency
(Monthly / Quarterly / Half-Yearly / Yearly). Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
Tax Saver Fixed Deposit offers tax deduction on income of up to ₹1.5 Lakh under section 80C of the Income Tax Act.
No premature withdrawal facility or auto-renewal facility.
Minimum deposit of Rs 100 and a maximum of 1,50,000 per financial year for a 5-year lock-in period.
The lock-in period of 5 years.
Nomination facility is available.
Premature withdrawal is not allowed.
Minimum Investment Amount
100
Fees and Charges
Pros
Tax exemption under Section 80C of the Income Tax Act, 1961.
Competitive interest rates.
Cons
No additional concession for senior citizens.
Pros & Cons
Account Opening and Procedure
How to Open?
Visit the nearest branch of Jana Small Finance Bank and our Relationship Manager will guide you on the application process.
You can also contact us and our Customer Care Executive will fix a service appointment with our Relationship Manager to help you with the application process.
Application Procedure
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