Experience the new era of short-term deposits with Liquid Plus Fixed Deposit, the smart way to manage your short-term funds. Its key features, such as high interest rates, T+0 redemption, partial withdrawal, and instant overdraft facility, make it the perfect choice for investing short-term funds.
| FEATURES | BENEFITS |
| High Interest Rates |
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| T+0 Redemption |
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| Partial Withdrawal Available |
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| No Pre-Maturity Penalty |
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| Instant Overdraft Facility |
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Terms and Conditions:
1. The interest shall be computed based on the actual number of days in a year i.e. 365 days for a non-leap year and 366 days for a leap year. The tenor of the Fixed Deposit shall be calculated in number of days.
2. In case of premature withdrawal or partial withdrawal of the Liquid Plus Fixed Deposit, interest shall not be paid at the originally contracted rate. In such cases, interest shall be paid at the applicable rate of interest for the duration for which the fixed deposit is maintained with us.
3. Minimum tenor for Liquid Fixed Deposits is 7 days. No interest shall be paid in case premature withdrawal is made within 7 days.
4. For all Non-Cumulative Fixed Deposits, interest shall be calculated on simple interest basis.
5. Interest payouts are as per financial year. Monthly Interest payouts will be on 1st of every month, Quarterly Interest payouts will be on the 1st of every quarter, Half-yearly payouts will be on 1st October & 1st April.
6. The Minimum Value of a retail Fixed Deposit is ₹ 10 lakh and Maximum Value is Below ₹ 3 crore. The Minimum Value of a bulk Fixed Deposit is ₹ 3 crore and Maximum Value is upto ₹ 200 crore.
7. The booking and partial withdrawal of the Liquid Plus Fixed Deposit can only be done in the banking hours by visiting the Branch. The same cannot be done through mobile banking application or internet banking portal in any scenario whatsoever.
8. In case of partial withdrawal of the Liquid Plus Fixed Deposit, value of fixed deposit after the partial withdrawal should be equal to or more than the minimum fixed deposit value as stated above or as changed by the Bank from time to time.
9. In case of withdrawal of fixed deposit (partial or full), the Bank shall endeavor settle the amount on T + 0 basis only in case the client has Current / Savings Account with the Bank. The said turnaround time shall change in case any event occurs which is beyond the control of the Bank.
10. Taxes, duties, levies or other statutory dues and charges applicable in connection with the benefits accruing as per the terms of these Fixed Deposits will be recoverable from the Customer.
11. Above rates will be applicable for all Resident Individual and Non Individual clients (no preferential rates are applicable for Senior Citizens or Bank’s employees under this product).
12. Rates are subject to change from time to time without prior notice.
13. Overdraft facility is available on the Liquid Plus Fixed Deposit. For more details, please contact your nearest Branch.
14. The Bank shall have the absolute discretion to amend or supplement any of the Terms and Conditions at any time. The Bank may communicate the amended Terms to the customer. By continuing the Fixed Deposit with the Bank and using allied services, the Customer shall be deemed to have accepted the changed Terms and Conditions and any new terms and conditions stipulated by the Bank and/or its.
Eligibility Criteria
Both new and existing customers of Jana Small Finance Bank can open a Liquid Plus Fixed Deposit. Eligible customers include:
- Individuals
- Proprietorships
- HUF (Hindu Undivided Family)
- Corporates
- Trusts, Partnerships, NGOs, and more
How to Apply
Visit the nearest branch of Jana Small Finance Bank, where our Relationship Managers will assist you with the application process. You can also contact our Customer Care team to schedule an appointment with a Relationship Manager.
Required Documents
Click here for the list of KYC documents required to open an account.