More than 80 years old private sector bank has changed the interest rates on FD. The bank has increased the rate by 70 bps.
Bank FD: Jammu and Kashmir Bank is one of the old banks of India. This private sector bank was established in the year 1938. The bank has revised the interest rates of Fixed Deposit. The interest rate for deposits less than Rs 2 crore has increased by 70 bps. The new rates are effective from Wednesday, October 11. Currently the bank is offering 3.50 percent to 6.50 percent interest on FD of 7 days to 10 years.
You will get the highest interest on FD for this number of days
Available on tenure ranging from 1 year to less than 2 years. Rates are 7.10%. 7% interest is available on FD of more than 2 years and less than 3 years.
6% or more interest on long term deposits
6.50% interest is available on FDs of 5 years to 10 years and 6.50% interest on FDs of 3 years to less than 5 years. General citizens are getting 6% interest and senior citizens are getting 6.60% interest on FD of 333 days. Apart from this, 6% interest is available on deposits of 334 days to less than 1 year, 6% interest is available on FDs of 271 days to less than 332 days.
Less than 6% interest is being received on FD for so many days
On 222 days fixed deposits, 5.60% interest is being provided to general citizens and 6.30% interest to senior citizens. 5.60% on FDs of 181 days to 221 days, 4.50% on FDs of 91 days to 180 days (4.75% for senior citizens), 4.60% on FDs of 46 days to 90 days, 31 days to 45 days FDs The bank is offering 3.50% interest on FDs of 7 days to 30 days.
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