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• The Bank offers up to 8.50% Interest rates to senior citizens on FD
• The Bank has hiked interest rate on Fixed deposit plus product from 7.75 % to 8.35%
• The Bank offers 7% interest rate on savings account for balance buckets of more than Rs 50 lakhs to 50 crores
• Jana SFB’s rates are one of the highest across the industry
• New tenor is effective from 15th November onwards

Bangalore, 15th November, 2022 – Jana Small Finance Bank, one of the leading small finance banks in India, announced a hike of interest rates across savings accounts and fixed deposits from 15th November, 2022 onwards. With this new offer, the bank is providing one of the highest interest rates across the small finance banks sector.

Customers will now get an interest rate of as high as 8.35% on deposits more than Rs 15 lakhs to Rs 2 crores for a tenure of 1-2 years. Senior Citizens can reap the benefit of 8.50% on a FD for a tenure of 2-3 years.

The Bank will now offer an interest rate of 7% on savings Bank deposits for balance bucket of more than Rs 1 lakhs, right up to Rs. 50 crores. The Bank offers 4.5% pa on Savings Bank balances up to Rs. 1 Lacs, which is among the highest in the Banking industry

In the rising inflation scenario, the hike in fixed deposit rates gives the customers an opportunity, particularly to senior citizens, to get inflation-beating returns from their fixed deposits.

Commenting on the development, Shrinivas Murthy, President and Head of Branch Banking and Marketing said, “Jana Small Finance Bank offers best in class products, pricing & services experience to customers. With this increase in interest rates across fixed deposits and savings Bank products, we are now offering the most competitive rates in the Banking space. We are witnessing excellent response from our customers; both new & existing. We continue to strive to serve our customers better and enhance customer experience.”

Retail Domestic Fixed Deposit Cards:

Period	Regular FD Interest Rate (p.a.)	Senior Citizen FD Interest Rate (p.a.)*
7-14 days	2.50%	3.45%
15-60 days	3.00%	3.95%
61-90 days	3.75%	4.70%
91-180 days	4.50%	5.45%
181-364 days	7.00%	7.95%
1 Year[365 Days]	7.00%	7.95%
> 1 Year - 2 Years	7.50%	8.45%
>2 Years-3 Years	7.55%	8.50%
> 3 Year- < 5 Years	7.35%	8.30%
5 Years[1825 Days]	7.25%	8.20%
> 5 Years - 10 Years	6.00%	6.95%

Fixed Deposit Plus (Non-Callable FD) Card Rate grid is appended below:

New FD Rates Effective Date - 15th November 2022
Period	Interest Rate (p.a.)	Interest Rate (p.a.)
	(<2 Crore)	(2 Crore & above)
7-14 days	3.00%	3.00%
15-60 days	6.60%	6.60%
61-90 days	6.60%	6.60%
91-180 days	7.05%	7.05%
181-364 days	7.20%	7.20%
> 1 Year - 2 Years	8.35%	8.35%
>2 Years-3 Years	7.35%	7.35%
> 3 Year- < 5 Years	7.45%	7.45%
5 Years[1825 Days]	7.35%	7.35%
> 5 Years - 10 Years	6.10%	6.10%

The updated proposed Savings Account Interest Rate grid is appended below:

New Rates - effective 15th November 2022
Savings Account Balance Slab (Rs.)	Interest Rate (p.a.)
Upto Rs. 1 lakh	4.50%
More than Rs. 1 Lakh and Upto Rs. 50 Lakhs	7.00%
More than Rs. 50 Lakhs and Upto Rs. 50 Crores	7.00%
More than Rs. 50 Crores	6.50%

Existing customers of Jana Small Finance Bank can also enjoy the benefits of booking or investing in FD from the comfort of their homes or offices through internet banking. With this online process, customers can book the FDs instantly in a hassle-free manner. About Jana Small Finance Bank:

Jana Small Finance Bank Limited (Jana Small Finance Bank) is one of the leading Small Finance Banks of India in terms of assets under management and deposit size as at March 31, 2022. Jana Small Finance Bank is one of the most geographically diversified portfolio with a pan-India presence among all Small Finance Banks in India as at March 31, 2022. As at 31st March 2022, Jana Small Finance Bank had 715 Branches, including 259 Branches in Unbanked Rural Centres, located in 19 states and three union territories. Jana Small Finance Bank has served over 8.00 million customers since 2008.