Jammu & Kashmir Bank offers FD interest rates of 3.50-7.05% p.a. to the general public and 4.00-7.55% p.a. to senior citizens on tenures ranging from 7 days to less than 10 years. The interest rate on J&K Bank Tax Saving FDs is 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors from tenures of 5 years to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR (B) fixed deposits. Jammu & Kashmir Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), and Australian Dollar (AUD). The bank accepts RFC fixed deposits in USD, GBP, EUR and JPY.
& Get a Lifetime Free Step Up Credit Card
Safe & Secure FD, Insured by RBI
No Savings A/c Required
FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
Invest in FD and Get Lifetime FREE Step Up Credit Card
Apply Now
|
J&K Bank FD Interest Rates (p.a.) Highlights 2024 |
|
| Highest slab rate | 7.00% (for 1 year to less than 3 years) |
| For 1 year | 7.00% |
| For 2 years | 7.00% |
| For 3 years | 6.75% |
| For 4 years | 6.75% |
| For 5 years | 6.50% |
| Tax-Saving FD | 6.50% |
The interest rates are updated as of 20 November 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (% p.a.) | |
| Days/Years | Regular Citizens | Senior Citizens |
| 7 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.50 | 4.00 |
| 46 days to 90 days | 5.25 | 5.10 |
| 91 days to 180 days | 5.50 | 6.00 |
| 181 days to 270 days | 6.25 | 6.75 |
| 271 days to less than 1 year | 6.25 | 6.75 |
| 1 year to less than 2 years | 7.00 | 7.50 |
| 2 years to less than 3 years | 7.00 | 7.50 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years to less than 10 years | 6.50 | 7.00 |
Notes: 1. The minimum tenure of NRE deposits is 1 year
2. Additional senior citizen interest rates are not applicable to NRO and NRE deposits
Card limit is 90% of FD Amount
Instant Virtual Card
7%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years – 10 years | 6.50 | 7.00 |
Book SBM Bank FD & Get Lifetime FREE Step UP Credit Card Apply Now
| Currency/Period | Interest Rates (% p.a.) | ||||
| 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only | |
| USD | 5.05 | 4.00 | 3.75 | 3.40 | 3.40 |
| GBP | 4.60 | 3.75 | 3.50 | 3.50 | 3.50 |
| EUR | 3.00 | 2.60 | 0.60 | 0.60 | 0.60 |
| JPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CAD | 3.60 | 3.10 | 3.10 | 0.00 | 0.00 |
| AUD | 4.00 | 3.25 | 3.25 | 0.00 | 0.00 |
| Period/Currency | Interest Rates (% p.a.) | |||
| USD | GBP | EUR | JPY | |
| 1 month to less than 6 months | 2.42 | 2.60 | 0 | 0 |
| 6 months to less than 1 year | 2.14 | 2.58 | 0 | 0 |
| 1 year to less than 2 years | 5.05 | 4.60 | 3.00 | 0 |
| 2 years to less than 3 years | 4.00 | 3.75 | 2.60 | 0 |
| 3 years | 3.75 | 3.50 | 0.60 | 0 |
Get Secured Credit Card with credit limit of 90% of your FD Apply Now
Get Lifetime FREE Step UP Credit Card With No Annual Fees Apply Now
Book FD with SBM Bank & Get Virtual Credit Card Instantly Apply Now
Book SBM Bank FD & Get Lifetime FREE Step UP Credit Card Apply Now
Get Secured Credit Card with credit limit of 90% of your FD Apply Now
Investing in a fixed deposit is a sound choice to make in order to earn returns on one’s surplus funds. However, it is quite imperative to get an estimated picture of the amount customers shall get on pooling their money in an FD like J&K Bank fixed deposit scheme. For this, the FD calculator available on Paisabazaar.com can be put to use. Customers only have to fill in the principal amount, period of investment, and the prevailing J&K Bank FD rates and the tool shall do its job within seconds.
Q. What is the highest J&K Bank FD rate available to the investors?
A. Currently, the highest FD rate of J&K Bank is 7.05% on a tenure of 1 year to less than 2 years.
Q. What is Auto Sweep?
A. Auto sweep is a facility that is enabled in those fixed deposits that are linked with a bank account (savings account / current account). Once the account balance is more than the set threshold amount in the savings account, the excess amount is transferred to the linked fixed deposit, and the investor ends up earning higher interest as the ROI of FD is higher than that of a savings account.
Q. What is Reverse Sweep?
A. In times of need, if the account holder requires extra money to honour withdrawals or other urgencies, a reverse sweep facility lets one transfer the amount from the fixed deposit scheme to the savings account.
Q. Who can open a fixed deposit account with J&K Bank?
A. Resident individual(s), as well as the members of HUFs, are eligible to invest in fixed deposits with J&K Bank.
Q. Are J&K Bank FD rates the same for schemes with withdrawal options and without?
A. No. The fixed deposit rates of J&K Bank are different for schemes with and without a withdrawal facility. Click here to compare J&K Bank FD interest rates.
Q. Can a senior citizen apply for a non-withdrawal deposit?
A. J&K Bank does not extend this service to senior citizens.
Q. How often do J&K Bank FD interest rates change?
A. Depending on various factors including change in the repo rate by the central bank, i.e. RBI, J&K Bank FD rates can change with no set frame of time and prior notice to the customers.
Q. Do a change in FD rates of J&K Bank affect existing investors of the bank?
A. Change in J&K Bank FD interest rates is applicable only to new investors and those whose FDs are up for renewals.
