When it comes to J&K Bank FD interest rates, individuals can choose from a variety of options to find the best fit for their financial goals. Whether it's a high deposit amount for a long tenure or a smaller deposit for a short-term savings goal, J&K Bank offers competitive interest rates to help customers maximize their savings.
Ensuring retirement planning or investment for tax saving, J&K Bank FD interest rates offer a range of options to suit different financial needs.
JK Bank FD Rates 2024 (Below 2 Crores)
J&K Bank offers competitive fixed deposit rates for deposits below 2 crores. The interest rates vary depending on the tenure of the deposit, with higher rates offered for longer tenures. The interest rate for FD’s up to Rs 2 crore is up to 7.10% for domestic and NRO and NRE. While the interest rate for senior citizens can be up to 7.6% p.a.
| FD Tenures | J&K FD Interest Rates (p.a) General Public |
J&K FD Interest Rates (p.a) Senior Citizen |
|---|---|---|
| 7 days to 30 days | 3.50% | 4% |
| 31 days to 45 days | 3.50% | 4% |
| 46 days to 90 days | 4.60% | 5.1% |
| 91 days to 180 days | 4.75% | 5.25% |
| 181 days to 270 days | 5.75% | 6.25% |
| 271 days to Less than 1 Year | 6.00% | 6.50% |
| 1 Year to less than 2 years | 7.10% | 7.60% |
| 2 years to less than 3 years | 7.00% | 7.50% |
| 3 years to less than 5 years | 6.50% | 7.00% |
| 5 years to 10 years | 6.50% | 7.00% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.NOTE
- The stated rates are valid for new deposits and the renewal of existing deposits below Rs 2.00 Crores.
- NRE deposits must have a minimum tenure of 1 year.
- An outstanding benefit for Senior citizens aged 60 and above is they will receive an additional interest rate of 0.50% on domestic term deposits, applicable to all maturity periods.
J&K Bank NRE FD Rates
The table below shows the NRE FD rates for tenure starting at 1 year to up to 10 years while offering an interest rate up to 7.10% p.a. based on several factors.
| FD Tenure | J&K FD Interest Rates % (p.a.) |
|---|---|
| 1 Year to less than 2 years | 7.10% |
| 2 years to less than 3 years | 7.00% |
| 3 years to less than 5 years | 6.50% |
| 5 years to 10 years | 6.50% |
JK Bank Fixed Deposit Rates (Above 5 Cr to 50 Cr)
For customers who seek higher returns on their significant investments, Jammu and Kashmir Bank offers Fixed Deposit (FD) options for amounts above 5 Crores. These exclusive FD rates cater to individuals and businesses with substantial financial portfolios, providing them with an opportunity to maximise their savings. The interest rates range from 6.10% to up to 7.75% based on the tenure of FD.
J&K Bank Fixed Deposit Rates (Above 5 Cr to 50 Cr) with premature withdrawal
| FD Tenures | FD Interest Rates % (p.a.) | |
|---|---|---|
| 5 Cr to less than 25 Cr | 25 Cr to less than 50 Cr | |
| 7 days to 14 days | 6.10% | 6.20% |
| 15 days to 30 days | 6.15% | 6.25% |
| 31 days to 45 days | 6.20% | 6.30% |
| 46 days to 90 days | 6.35% | 6.50% |
| 91 days to 120 days | 6.75% | 7.15% |
| 121 days to 180 days | 7.00% to 7.10% | 7.25% |
| 181 days to 270 days | 7.10% to 7.20% | 7.30% |
| 271 days to less than 1 year | 7.25% | 7.35% |
| 1 year to less than 2 years | 7.65% to 7.75% | 7.90% |
| 2 years to less than 3 years | 6.75% | 6.75% |
| 3 years to less than 5 years | 6.75% | 6.75% |
| 5 years to up to 10 years | 6.50% | 6.50% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.J&K Bank Fixed Deposit Rates (Above 5 Cr to < 500 Cr)
For individuals, business entities, government organisations or for any organisations who want to maximise their savings can invest with J&K Bank fixed deposit for increased returns. The table below shows the interest rates for FD’s less than 500 Cr.
J&K Bank Fixed Deposit Rates (Above 5 Cr to 500 Cr) with premature withdrawal
| FD Tenures | FD Interest Rates % (p.a.) | |
|---|---|---|
| 5 Cr to less than 100 Cr | 100 Cr to less than 500 Cr | |
| 7 days to 14 days | 6.40% | 7.00% |
| 15 days to 30 days | 6.50% | 7.00% |
| 31 days to 45 days | 6.60% | 6.70% |
| 46 days to 90 days | 6.75% | 6.90% |
| 91 days to 120 days | 7.25% | 7.60% |
| 121 days to 180 days | 7.30% | 7.60% |
| 181 days to 270 days | 7.35% | 7.65% |
| 271 days to less than 1 year | 7.40% | 7.70% |
| 1 year to less than 2 years | 7.90% | 7.80% |
| 2 years to less than 3 years | 6.75% | 6.75% |
| 3 years to less than 5 years | 6.75% | 6.75% |
| 5 years to up to 10 years | 6.50% | 6.50% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.J&K Bank Fixed Deposit Rates (Above 500 Crores)
Investors with a large sum of money looking to invest with good and steady returns can check the table below for J&K Bank FD deposit interest rates for Rs 500 cr and above. The interest rates typically range from 6.50% to up to 7.80% p.a.
J&K Bank Fixed Deposit Rates (Above 500 Cr) with premature withdrawal
| FD Tenures | FD Interest Rates % (p.a.) |
|---|---|
| 500 Cr above | |
| 7 days to 14 days | 7.00% |
| 15 days to 30 days | 6.70% |
| 46 days to 90 days | 6.90% |
| 91 days to 120 days | 7.60% |
| 121 days to 180 days | 7.60% |
| 181 days to 270 days | 7.65% |
| 271 days to less than 1 year | 7.70% |
| 1 year to less than 2 years | 7.80% |
| 2 years to less than 3 years | 6.75% |
| 3 years to less than 5 years | 6.75% |
| 5 years to up to 10 years | 6.50% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.Want to calculate your SBI FD interest rates and maturity amount? It is good practice to get an estimate of your potential gains from an investment. You can easily calculate your returns using the J&K FD Calculator.
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J&K Bank FD Rate (5 to 25 Crore)
J&K Bank offers fixed deposit (FD) accounts with varying interest rates depending on the amount deposited and the tenure of the deposit. For fixed deposits with a value between 5 crore and less than 25 crore (without premature withdrawal), the bank offers an interest rate of up to 7.80%. Refer to the table below for more details:
J&K Bank Fixed Deposit Rates (5 Cr to < 25 Cr) without premature withdrawal
| FD Tenures | FD Interest Rates % (p.a.) | |
|---|---|---|
| 5 Cr to less than 10 Cr | 10 Cr to less than 25 Cr | |
| 91 days to 120 days | 6.85% | 7.10% |
| 121 days to 180 days | 7.10% | 7.20% |
| 181 days to 270 days | 7.20% | 7.30% |
| 271 days to less than 1 year | 7.35% | 7.35% |
| 1 year to less than 2 years | 7.75% | 7.80% |
| 2 years to less than 3 years | 6.85% | 6.85% |
| 3 years | 6.85% | 6.85% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.J&K Bank FD Rates ( 25 Cr to < 100 Cr)
The table below shows the FD interest rates for J&K Bank for up to 300 crores and above without premature withdrawal. The interest rate varies based on the tenure with interest rates that can go up to 7.95% p.a.
J&K Bank Fixed Deposit Rates (Above 500 Cr) with premature withdrawal
| FD Tenures | FD Interest Rates % (p.a.) | |
|---|---|---|
| 25 Cr to less than 100 Cr | 100 Cr to 300 Cr & above | |
| 91 days to 120 days | 7.25% - 7.35% | 7.70% |
| 121 days to 180 days | 7.35% - 7.40% | 7.70% |
| 181 days to 270 days | 7.40% - 7.45% | 7.75% |
| 271 days to less than 1 year | 7.45% - 7.50% | 7.80% |
| 1 year to less than 2 years | 7.95% | 7.90% |
| 2 years to less than 3 years | 6.85% | 6.85% |
| 3 years | 6.85% | 6.85% |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.Features & Benefits of JK Bank Fixed Deposit
J&K Bank offers a range of Fixed Deposits (FDs) with attractive features and benefits to cater to different financial goals and preferences. Here are some important features and benefits:
Flexible Tenures
Invest for periods ranging
from 7 days to 10 years,
depending on your needs
Competitive Interest
Rates
Earn attractive returns
on your deposit.
Earn attractive returns
on your deposit.
Access your funds
before maturity.
Senior Citizen Bonus
Earn additional interest
on your FD if you're a senior
citizen.
Loan Against FD
Borrow a certain percentage
of your FD amount without
breaking the deposit
NRE/NRO Accounts
Invest in FDs even if you're
a Non-Resident Indian (NRI)
or Non-Resident Ordinary
(NRO) account holder.
J&K Bank FD Account Eligibility
Opening a Fixed Deposit (FD) account with J&K Bank offers a secure and rewarding way to grow your savings. Before investing in an FD, it's important to understand the eligibility criteria set by J&K Bank. Here are the necessary requirements to open an FD account and enjoy the benefits it offers.
The following are eligible to open a J&K Bank FD account:
- A person in his/her own name
- Two or more persons in their joint names payable to:
- Both or all of them or to the survivor(S)
- Either or any one or more of them or to the survivor(s)
- A natural guardian on behalf of a minor
- A natural guardian in the joint names of himself/herself and the minor, payable to either
or - survivor
- A person in name of any minor of whom he/she is the guardian appointed by a competent
- court
- A minor aged ten years or above in his/her single name to be operated upon by himself/herself
- A club, association, society, educational institution and other such bodies
- Trustees/Executors/Administrators/Courts
- Proprietary concerns, Partnership firms and Limited Companies
- Central/State Government Departments/ Corporations/ Organisations, Local Bodies and statutory authorities, Quasi Government Bodies etc.,
- Members of Staff /Ex-staff of Indian Overseas Bank
Documents Required to Open J&K Bank FD
The documents required to open a Fixed Deposit (FD) at J&K Bank can vary depending on the type of FD account you choose and your individual circumstances. However, here's a general overview of the common documents you'll likely need:
1. For Individuals:
- Address proof*:Present gas connection papers, telephone bill, electricity bill, voters’ ID card, driving licence, passport or any other document approved by the bank
- PAN Card/ Form 60 deceleration(non-agricultural)/ Form 61 (agriculture).
2. For a Partnership Account:
- An attested copy of the partnership deed.
- If partners have not written down a partnership deed they can open an account with the bank furnishing a declaration to that effect to the bank.
3. For Hindu Undivided Families:
- A letter in bank’s standard format signed by the Karta and all the major Coparceners of the HUF.
4. For Limited Companies
- A true copy of the certificate of incorporation
- A true copy of the Certificate of commencement of business
- A copy of the Memorandum and Articles of Association made up to date.
- A copy of the Board Resolution passed at a meeting of the Board of Directors with all details as asked by the bank.
5. For Liquidations:
- A Liquidator should produce documents to evidence his appointment as Liquidator so as to ensure that he has the powers to carry on the business in the course of Liquidation.
6. For Trust:
- Certified copy of the trust deed
- Where a trust is a charitable trust, a certified copy of the certificate from the charity
- commissioner
- Where there is no trust deed, a certified copy of the order from a competent court
- Certified copy of the resolution regarding opening and conduct of the account.
- List of present trustees with bio data of each trustee
7. For Clubs, Societies(Including Co-Operatives), Associations, Educational Institutions.
- Certified true copy of the Rules, Regulations, Bye-laws (as the case may be)
- Certified true copy of Certificate of Registration or incorporation in the case of registered bodies (originals will be verified and returned)
- Certified true copy of the Resolution
- A copy of the balance sheet in the case of a co-operative society, i
- Any other documents asked by the bank.
8. For Government/Semi- Government Departments.
- For Government/Semi- Government Departments.
- A copy of the Govt. notification/order authorising the concerned official to open and operate a bank account.
- A certified copy of the rules and regulations, if any, framed by the Department/Local body regarding the powers of such executive officers in the matter of opening and operating such accounts
Want to open an FD at J&K bank? Here’s How:
Individuals willing to open a term deposit account should visit the bank and will be given a copy of all the rules and a form for an application to open the account. The customers are required to fill in the application as per required.
Premature Closure of J&K Bank Fixed Deposit
Premature closure refers to the withdrawal of funds from an FD account before its maturity date. J&K Bank allows customers to opt for premature closure, providing them with the flexibility to access their funds when needed. This feature can be beneficial in situations where individuals require immediate funds for emergencies, unforeseen expenses, or other urgent financial needs. The table below provides all the necessary information on premature closure of J&K Bank Fixed Deposit:
For Domestic & NRO Term Deposits (Up to Rs 15 Lakhs)
| Deposits of Less than Rs.15 lakhs | Interest Payable |
|---|---|
| Deposits closed before 15 days (opening/renewal) | No Interest |
| If the deposit completed 7 days | Applicable interest for the period run is payable. |
| Renewed overdue deposits below Rs.15 lakh closed within 15 days. | Early closure means no interest on renewal, and previously paid late interest is forfeited. |
| For Deposits up to 5 lakhs | Early closure means no interest on renewal, and previously paid late interest is forfeited with additional interest rate for senior citizens is not payable. |
| For deposit above Rs. 5 lakh | 1% below current rate for term, excluding senior citizen and bulk deposit bonuses. |
For Domestic & NRO Term Deposits (Rs 15 lakh and above)
| Deposits of Rs.15 lakhs and above | Interest Payable |
|---|---|
| Deposits closed within 7 days (open/renew) | No Interest |
| Deposits closed within 7 days (open/renew) | No Interest |
| If the deposit completed 7 days | Applicable interest for the period run is payable. |
| Renewed overdue deposits below Rs.15 lakh closed within 15 days. | Early closure means no interest on renewal, and previously paid late interest is forfeited. |
For NRE Term Deposits.
- If the deposit has not completed one year from the date of opening or renewal and closed prematurely no interest is payable on the deposit
- If the deposit has completed one year from the date of opening or renewal and closed prematurely 1% less than the applicable rate of interest for the period the deposit remained with the bank prevailing on the date of deposit.
- If an overdue deposit, after paying the interest for the overdue period, is closed prematurely before completing one year from the date of renewal, applicable interest for the period run is payable.
- Renewed overdue deposits below Rs.15 lakh closed within 15 days, an early closure means no interest on renewal, and previously paid late interest is forfeited.
Loan Against J&K Bank Fixed Deposits
J&K Bank offers loans against Fixed Deposits (FDs). This facility is known as Loan Against Term Deposit (LATD) and allows you to borrow a certain percentage of your FD amount without breaking the deposit itself. This can be a helpful option if you need quick access to funds while still earning interest on your investment.
Here are some key features of J&K Bank's LATD scheme:
Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to Depositiers
Borrowers can get loans using their own term deposits (including NRE & NRO) as collateral. This applies to individuals (single or joint), guardians, businesses, and organisations
Margin:
- Loans made against term deposits with a remaining maturity of up to 5 years come with a 10% interest rate.
- Loans secured by term deposits with a remaining maturity exceeding 5 years are subject to a 15% interest charge.
Interest rates: 1.50% above the rate allowed on deposit.
Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to Third Party.
Individuals can get loans using someone else's term deposit (including NRE & NRO accounts) as collateral, as long as they are approved by the bank. This applies to businesses and organisations of all types.
Margin:
- Advances against term deposits maturing within 4 years incur a 10% interest rate.
- Loans secured by term deposits maturing between 4 and 6 years are subject to a 15% interest charge.
- Advances against term deposits maturing in more than 6 years incur a 20% interest charge.
Interest rates: 2.00% above the rate allowed on term deposit OR applicable MCLR, whichever is higher
Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to Third Party.
Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to Third Party.
Margin:
- Term deposits maturing within 3 years can be used as collateral for advances with a 10% interest rate.
- Loans secured by term deposits with a remaining maturity exceeding 3 years but not exceeding 5 years are subject to a 15% interest charge.
- 20% for advances against term
Interest rates: 2.00% above the rate allowed on term Deposit or Applicable MCLR + 1.00%, whichever is higher.
Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to Third Party.
Societies, Trusts, Public/ Private Ltd Companies etc.
Margin:
Term deposits maturing in 5-7 years can be used as collateral for advances.
Loan Against Inter-bank Term Deposits.
Scheduled Commercial banks, Cooperative banks, and RRBs can obtain loans from our bank by pledging their own term deposits held with us.
- Margin: 10%
- Interest rates: 1.00% above the rate allowed on term deposit
Types of J&K Bank Fixed Deposits
J&K Bank offers a varied selection of Fixed Deposits (FDs) to cater to diverse needs and preferences. Here's an overview of their key types:
Regular Term Deposits
- Choose from tenures ranging from 7 days to 10 years.
- Competitive interest rates based on deposit amount and tenure.
- Option to receive interest periodically or at maturity.
- Nomination facility available for secure inheritance.
Tax Saver Term Deposits
- Lock in your savings for 5 years to benefit from tax deductions under Section 80C.
- Attractive interest rates compared to regular FDs.
- Premature withdrawals attract penalties and impact tax benefits.
Cash Certificate Scheme
- Invest for 12 or 24 months with an attractive fixed interest rate.
- Ideal for short-term financial goals.
- Premature withdrawals allowed with penalty.
Mehandi Deposit Scheme
- A flexible deposit scheme with monthly instalments over 5 or 10 years.
- Encourages regular savings and earns interest on accumulated deposit.
- Premature withdrawals allowed with penalty.
Daily Deposit Scheme
- Deposit small amounts daily or monthly to build your savings gradually.
- Earn interest on accumulated deposits.
- Ideal for inculcating a savings habit.
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Frequently Asked Questions
J&K Bank's FD interest rates range from 3.00% to 7.10% for the general public and 3.50% to 7.60% for senior citizens, depending on deposit amount, tenure, and specific schemes.
Assuming the highest offered interest rate (7.1%), it would roughly take 10.14 years for your Jammu & Kashmir Bank FD to double. Remember, this is an estimate and the actual time may vary depending on the chosen interest rate and compounding frequency.
South Indian Bank Fixed Deposit terms range from a minimum of 15 days to a maximum of 10 years.
Jammu & Kashmir Bank's minimum FD deposit amount varies depending on the chosen scheme. The minimum deposit amount starts from Rs. 100/- (Daily Deposit Scheme) but generally Rs. 1,000/- depending on the scheme.
Senior citizen fixed deposit interest rates at Jammu & Kashmir Bank range from 3.50% to 7.60%, offering an additional 0.50% compared to the general public rates for all tenures.
Yes, J&K Bank FD rates generally differ for schemes with withdrawal options.
As of today, the highest interest rate on a 1-year fixed deposit scheme offered by Jammu & Kashmir Bank is 7.95% for both the general public and senior citizens.
For a 5-year FD at Jammu & Kashmir Bank, the interest rate can vary for General Public with a minimum - 6.50% to up to maximum - 7.10%
Yes, loan against FD is available at J&K Bank. They call it Loan Against Term Deposit (LATD). You can borrow up to 20% of your fixed deposit amount without breaking the deposit itself.
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