Jammu and Kashmir Bank hikes fixed deposit rates. Check latest FD rates here
Live MintJammu and Kashmir Bank offers a variety of financial services which include term deposits, also known as Fixed Deposits. After the latest hike, J&K Bank is offering an interest rate of 3.5% on deposits maturing in seven days to 45 days, 4.6% on 46 days to 90 days, and 4.75% on FDs maturing in 91 days to 180 days. On term deposits with tenors 181 days to 221 days, 222 days*, and 223 days to less than 270 days, the bank gives 5.6%, 6.3%, and 5.6% interest rates respectively. FDs maturing in three years to 10 years will give 6.5% interest Jammu and Kashmir Bank latest interest rates for domestic term deposits less than ₹ 2 crore 7 days to 30 days 3.50% 31 days to 45 days 3.50% 46 days to 90 days 4.6% 91 days to 180 days 4.75% 181 days to 221 days 5.6% 222 days* 6.3% 223 days to less than 270 days 5.6% 271 days to less than 332 days 6% 333 days* 6.6% 334 days to Less than 1 Year 6% 1 Year to 554 days 7.1% 555 days 7.50% 556 days to less than 2 years 7.10% 2 years to less than 3 years 7% 3 years to less than 5 years 6.5% 5 years to 10 years 6.5% The minimum deposit amount needed to open a fixed deposit account with Jammu & Kashmir Bank is Rs100. FDs for senior citizens in Jammu and Kashmir Bank Senior citizens opening a fixed deposit account with Jammu & Kashmir Bank will get an additional interest rate of 0.50%.