Jammu & Kashmir Bank provides fixed deposits with attractive interest rates, flexible tenures, and special rates for senior citizens. Enjoy options like easy online booking and various interest payouts. Use the calculator to estimate your interest earnings and maturity amounts.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizens (%) |
|---|---|---|
| 7 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.50 | 4.00 |
| 46 days to 90 days | 5.25 | 5.75 |
| 91 days to 180 days | 5.50 | 6.00 |
| 181 days to 270 days | 6.25 | 6.75 |
| 271 days to less than 1 year | 6.25 | 6.75 |
| 1 Year to less than 2 years | 7.00 | 7.50 |
| 2 years to less than 3 years | 7.00 | 7.50 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years to 10 years | 6.50 | 7.00 |
Data last updated on 01/09/2024. Check latest interest rates here.
Jammu & Kashmir Bank FD Calculator
Jammu & Kashmir Bank FD
What is the eligibility for opening a Fixed Deposit account with J&K Bank?
Individuals (singly or jointly), parents/guardians on behalf of minors, sole proprietorships, partnership firms, companies, HUFs, associations, societies, and trusts can open a Fixed Deposit account.
What is the minimum amount required to open a Fixed Deposit account?
You can open a Fixed Deposit account with a minimum amount of ₹100.
What are the tenure options for Fixed Deposits at J&K Bank?
The tenures range from 7 days to 10 years.
Is the interest applied on a simple or compound basis?
Interest is applied on a simple basis under this scheme.
Can I get a loan against my Fixed Deposit?
Yes, a loan facility is available against your deposit amount.
Can I withdraw my Fixed Deposit prematurely?
Yes, you can withdraw prematurely, but a penalty will be applied. The interest on premature withdrawal will be 0.50% below the rate applicable for the period the deposit was held, provided it remained with the bank for at least 7 days.
What is the frequency of interest payouts in this scheme?
Interest is paid quarterly under this Fixed Deposit scheme.