Jammu & Kashmir Bank Fixed Deposit Rates 2022

Jammu & Kashmir Bank Fixed Deposit Rates

Jammu & Kashmir Bank Fixed Deposit Rates

Jammu and Kashmir (J&K) Bank was established in 1938. It is one of the popular banks in the country and it is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). J&K Bank offers Fixed Deposits at interest rates starting from 2.90% – 5.55 for the general public and 3.40% – 6.05% for senior citizens. Jammu & Kashmir Bank fixed deposit

Eligibility Criteria To Open Fixed Deposit In Jammu & Kashmir Bank

If you want to open a fixed deposit account with Jammu & Kashmir Bank, you must meet all the required criterias:

  • You must be a resident of India
  • Must be above the age of 18
  • Hindu undivided family
  • Public and private limited companies
  • Clubs, Societies, Associations, Trusts, etc.
  • Minors (through guardians/parents)
  • Hindu undivided family

Documents Required To Open A Fixed Deposit Account In Jammu & Kashmir Bank

To open a fixed deposit account, you need the following documents:

  • Filled application form
  • Depositors photograph (2 no.)
  • Official documents for KYC requirements
  • PAN Card/Form 60 or 61
  • Other documents relevant to companies, minors, partnership firms, etc.

Also Read: Everything you need to know about Public Vs Private sector banks

Features of Jammu & Kashmir Bank Fixed Deposits

Here are the various features of the Jammu & Kashmir Bank fixed deposit schemes are mentioned below:

  • The deposit account type can be single or joint
  • The minimum deposit amount is ₹100
  • The tenure for Fixed Deposit starts from 7 days to 10 years
  • You can choose the interest payout can be either quarterly or at the time of maturity.
  • You can take loan against your Fixed Deposit
  • Nomination facility is available.
  • Premature withdrawal is allowed but with penalty

Jammu & Kashmir Bank FD Interest Rates For Domestic Term Less Than Rs.2 Crore

The updated FD interest rates of Jammu & Kashmir Bank for domestic term deposits less than Rs.2 crore are given below:

Tenure Interest Rates for the General Public (p.a.) Interest Rates for Senior Citizens (p.a.)
7 to 30 days 3.00% 3.50%
31 to 45 days 3.10% 3.60%
46 to 90 days 3.25% 3.75%
91 to 180 days 4.00% 4.50%
181 to 270 days 4.40% 4.90%
271 days to less than 1 year 4.50% 5.00%
1 year to less than 2 years 5.10% 5.60%
2 years to less than 3 years 5.20% 5.70%
3 years to less than 10 years 5.30% 5.80%

Note: These rates can change as per Bank’s rules and regulations.

Jammu & Kashmir Bank Interest Rates For Withdrawable Fixed Deposit- Above Rs.2 Crore To Rs.5 Crore

Here are the latest interest rates for withdrawable FDs above Rs.2 crore to Rs.5 crore:

Tenure Interest Rates for the General Public (p.a.) Interest Rates for Senior Citizens (p.a.)
7 to 30 days 2.90% 3.40%
31 to 45 days 3.00% 3.50%
46 to 90 days 3.10% 3.60%
91 to 270 days 3.25% 3.75%
271 days to less than a year 3.50% 4.00%
1 year to less than 2 years 3.75% 4.25%
2 years to less than 10 years 4.00% 4.50%

Note: These rates can change as per Bank’s rules and regulations.

Jammu & Kashmir Bank Interest Rates For Non-Withdrawable Fixed Deposit- Above Rs.2 Crore To Rs.5 Crore

Here are the latest interest rates for non-withdrawable deposits above Rs.2 crore to Rs.5 crore:

Tenure Interest Rates (p.a.)
91 days to 270 days 3.35%
271 days to less than a year 3.60%
1 year to less than 2 years 3.85%
2 years to less than 3 years 4.10%

Note:  These rates can change as per Bank’s rules and regulations.

Jammu & Kashmir Bank FD Interest Rates For NRO Deposits – Less Than Rs.2 Crore

Here are the latest interest rates for NRO deposits less than Rs.2 crore:

Tenure Interest Rates (p.a.)
7 to 30 days 3.00%
31 to 45 days 3.10%
46 to 90 days 3.25%
91 to 180 days 4.00%
181 to 270 days 4.40%
271 days to less than 1 year 4.50%
1 year to less than 2 years 5.10%
2 years to less than 3 years 5.20%
3 years to less than 10 years 5.30%

Note: These rates can change as per Bank’s rules and regulations.

Also Read: Personal Loans for NRIs – Eligibility Process and Interest Rates

Jammu & Kashmir Bank FD Interest Rates For NRO Deposits- Above Rs.2 Crore To Rs.5 Crore

Here are the latest interest rates for NRO deposits above Rs.2 crore to Rs.5 crore:

Tenure Interest Rates (p.a.)
7 to 30 days 2.90%
31 to 45 days 3.00%
46 to 90 days 3.10%
91 to 270 days 3.25%
271 days to less than a year 3.50%
1 year to less than 2 years 3.75%
2 years to less than 10 years 4.00%

Note: These rates can change as per Bank’s rules and regulations.

Jammu & Kashmir Bank FD Interest Rates For NRE Deposits-  Less Than Rs.2 Crore

Here are the latest interest rates for NRE deposits less than Rs.2 crore are given below:

Tenure Interest Rates (p.a.)
1 year – less than 2 years 5.10%
2 years – less than 3 years 5.20%
3 years – less than 10 years 5.30%

Note: These rates can change as per Bank’s rules and regulations.

Jammu & Kashmir Bank FD Interest Rates For NRE Deposits- Above Rs.2 Crore

Here are the latest interest rates for NRE deposits above Rs.2 crore to Rs.5 crore are given below:

Tenure Interest Rates (p.a.)
1 year – less than 2 years 3.75%
2 years – less than 10 years 4.00%

Note: These rates can change as per Bank’s rules and regulations.

Also Read: Personal Loans Are Growing, But Is This The Right Time To Take One?

Final Word

Jammu and Kashmir Bank offers FD interest rates starting from 2.90% – 5.55% for the general public and 3.40% – 6.05% for senior citizens. And these interest rates will keep changing according to the Bank’s rules and regulations. So, check the interest rates once before you plan to open a Fixed Deposit account.