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 Interest Rates .
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, 4.60% on FDs of 31 days to 45 days The bank is offering 3.50% interest on FDs of 7 days to 30 days.
