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Welcome to

IFSC Code -IBKL0452JSB

Banking in Jain Way

Term Deposit

Term Deposit

Revision of  Rate of Interest on Term Deposits (Below Rs.2 crore) effective from  02.09.2023

                                                        Interest rates are per annum

 

Maturity Period

Revised rates w.e.f. 02.09.2023

For Public

For Senior Citizen

 

7 days to 45 days

 

3.00%

 

3.50%

 

46 days to 179 days

 

4.50%

 

5.00%

 

180 days to 210 days

 

5.25%

 

5.75%

 

211 days to less than 1 year

 

5.75%

 

6.25%

 

1 year to less than 2 years

 

6.80%

 

7.30%

 

2 years to less than 3 years

 

7.00%

 

7.50%

Special Deposit for 400 days (Applicable
for deposit placed up to 31.12.2023)

 

7.10%

 

7.60%

Non-Callable where Pre-mature payment not
allowed (Above Rs.15 lacs & Less than Rs.2 Crore)

For one year in above category

7.10%

 

7.60%

For two years in above category

7.40%

 

7.90%

 Above rates will be applicable for Recurring Deposits Schemes also as per maturity period.

 Cumulative Interest Scheme (Reinvestment plan) is continued. Interest is compounded

quarterly.

        

                                                                                                                Chief Executive  Officer