Interest Rates
7.00% – 7.60%
Time Period
7 days to 120 months
Min - Max Amount
100 - No upper limit
Compounding
Quarterly
ENTER AMOUNT
Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
The Jammu and Kashmir Bank Limited, commonly known as J&K Bank, stands as a cornerstone of financial services in the Union Territory of Jammu and Kashmir and Ladakh, as well as in broader India. Established on 1 October 1938, under the patronage of Maharaja Hari Singh, the last ruling monarch of the princely state of Jammu and Kashmir, the bank was envisioned as a premier institution to foster economic development in the region.
It commenced operations in July 1939, with its initial head office in Srinagar, marking the beginning of organised banking in what was then a geographically isolated kingdom. Over the decades, J&K Bank has evolved from a regional entity into a robust public sector bank, navigating through tumultuous periods including the partition of India, the integration of Jammu and Kashmir into the Indian Union in 1947, and subsequent socio-political upheavals.
Headquartered in Srinagar, with a corporate office in Jammu, the bank maintains an extensive network of over 800 branches and more than 6,000 ATMs across 29 states and union territories in India. Its strategic focus remains on serving the unique needs of its core markets in Jammu and Kashmir, while expanding into urban and semi-urban centres nationwide.
J&K Bank offers a comprehensive suite of banking products, including retail and corporate banking, treasury operations, and digital services. It plays a pivotal role in government-sponsored schemes, agricultural financing, and small and medium enterprise support, contributing significantly to the region's economic resilience.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 days to 30 days | 3.50% | 4.00% |
31 days to 45 days | 4.50% | 5.00% |
46 days to 90 days | 6.00% | 6.50% |
91 days to 180 days | 6.25% | 6.75% |
181 days to 269 days | 6.50% | 7.00% |
270 days to less than 1 year | 6.75% | 7.25% |
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 | 6.75% | 7.25% |
5 years to 10 years | 6.50% | 7.00% |
Note: The data is as of September 2, 2025.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 days to 30 days | 4.75% | 5.25% |
31 days to 45 days | 4.75% | 5.25% |
46 days to 90 days | 6.00% | 6.50% |
91 days to 180 days | 6.25% | 6.75% |
181 days to 269 days | 6.50% | 7.00% |
270 days to less than 1 year | 6.75% | 7.25% |
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 | 6.75% | 7.25% |
5 years to 10 years | 6.50% | 7.00% |
Note: The data is of September 2, 2025. Rates for deposits above ₹5 crore may be negotiated individually.
Jammu and Kashmir Bank's fixed deposit schemes are designed with depositor convenience and security at the forefront, offering a range of attractive features that make them a preferred choice for conservative investors. One key benefit is the flexibility in tenure, spanning from a mere 7 days to up to 10 years, allowing individuals to align investments with their liquidity needs. The compounding of interest on a quarterly basis maximises returns, particularly for longer tenures, while the minimum investment threshold of just ₹100 democratises access to safe savings options.
Senior citizens enjoy an additional 0.50% interest rate, enhancing retirement planning, and the schemes support both single and joint accounts for family-oriented savings. A standout feature is the loan facility against deposits, enabling up to 90% overdraft without breaking the FD, providing emergency liquidity at competitive rates. Premature withdrawal is permitted with a nominal 0.50% penalty, offering a safety net without excessive deterrence. Moreover, the bank's high credit ratings, CRISIL AA-/Stable and ICRA AA/Stable, ensure principal safety, backed by DICGC insurance up to ₹5 lakh per depositor.
The cornerstone offering is the Fixed Deposit Receipt (FDR) Scheme, a versatile non-cumulative term deposit ideal for those preferring periodic income. With a minimum deposit of ₹100 and tenures from 7 days to 10 years, it pays interest quarterly, suiting pensioners or salary earners needing regular cash flows. Premature encashment is feasible, albeit with a 0.50% rate reduction, and loans up to 90% of the deposit value are available at concessional rates. This scheme's simplicity and low entry barrier make it accessible for first-time investors.
Complementing this is the Cash Certificate Scheme, a cumulative variant where interest compounds quarterly and is disbursed at maturity, maximising earnings through reinvestment. Requiring a minimum of ₹1,000, it spans similar tenures and supports loan facilities, appealing to goal-oriented savers like parents funding education. Its compounding mechanism can yield higher effective returns compared to non-cumulative options, though liquidity is slightly curtailed.
For culturally attuned depositors, the Mehandi Deposit Scheme evokes tradition while delivering modern benefits. Linked to the Mehandi harvest season in Kashmir, it offers tenures of 5, 7, 10, 12, or 15 years with minimum deposits varying by maturity amount. Interest compounds quarterly, and an accidental insurance cover for the depositor's nominee adds a layer of protection. Loans are permitted up to 90%, and premature closure incurs standard penalties, making it suitable for long-term family planning with an insurance twist.
Tax-conscious individuals gravitate towards the Tax Saver Term Deposit Scheme, locked for 5 years with a minimum of ₹1,000 (multiples thereof). Eligible for deductions under Section 80C up to ₹1.5 lakh, it forgoes premature withdrawal to preserve the tax shield, ideal for high-net-worth individuals optimising post-tax returns. No loans are available, emphasising its disciplined savings ethos.
Innovation shines in the Smart Saver Term Deposit Scheme, integrating with savings accounts via a sweep-in mechanism. A core deposit of at least ₹25,000 (multiples of ₹1,000) links to operative accounts, automatically sweeping excess balances into 180-day FDs for higher yields. This hybrid approach balances liquidity with enhanced interest, perfect for fluctuating income professionals.
Jammu and Kashmir Bank's fixed deposit rates exhibit a tiered structure, rewarding longer commitments with peak yields in the 1-2 year bracket, reflecting market dynamics and liquidity preferences. For deposits under ₹2 crores, short-term tenures (7-45 days) start conservatively at 3.50%-4.50% for general depositors.
Medium-term tenures (46 days to under 1 year) escalate to 6.00%-6.75%, catering to parking needs. The sweet spot emerges at 1 year to under 2 years, offering 7.10% regular (7.60% senior), ideal for balanced risk-return profiles.
Medium terms (2-5 years) dip slightly to 6.75%-7.00%, while 5-10 years settle at 6.50%, suiting retirement horizons. For bulk deposits (₹2 crore+), entry rates rise to 4.75% for ultra-short terms, aligning with wholesale funding costs. Senior citizens consistently receive a 0.50% premium, amplifying accessibility. These rates, compounded quarterly, underscore the bank's strategy to incentivise stability, with periodic revisions ensuring competitiveness against peers like SBI or HDFC.
| Tenure | Institution Name | Interest Rate (% p.a.) |
|---|---|---|
| 1 year to less than 2 years | 7.10› |
 | 450 days to 2 years | 7.00› |
 | 2 years - less than 3 years | 7.20› |
 | 999 days | 6.70› |
 | 1,000 days | 6.70› |
Note: The data is as of September 2, 2025
New customers or those preferring offline routes should visit any of the bank's 800+ branches, armed with identity and address proofs. Obtain the FD application form from the counter, fill in personal particulars, deposit quantum, and scheme type (e.g., Tax Saver for deductions). Branch officials assist in rate confirmation and TDS declarations (Form 15G/15H for non-taxable interest).
Submit the form with funds via cash, cheque, or transfer; approval is typically immediate, yielding an FDR within the hour. For bulk investments (₹2 crore+), a dedicated relationship manager coordinates via email or phone (toll-free 1800-11000), offering custom tenures and rates.
Eligibility for a Jammu and Kashmir Bank FD account is inclusive, encompassing Indian residents aged 18 and above, including minors via guardians. Senior citizens (60+ years) qualify for enhanced rates without additional criteria. Non-Resident Indians (NRIs) can open under NRE/NRO schemes, subject to RBI guidelines, while Hindu Undivided Families (HUFs) and partnership firms meet via authorised signatories. Trusts and societies require registration proofs. No income threshold applies, but KYC compliance is mandatory, verifying identity and address. Exclusions are minor for politically exposed persons needing enhanced due diligence. This broad access promotes financial inclusion across demographics.
Opening a Jammu and Kashmir Bank FD necessitates standard KYC documents for seamless verification. Individuals must furnish proof of identity and address, such as Aadhaar card, PAN card, passport, voter ID, or driving licence. For senior citizens, age proof like a pension order or birth certificate suffices for rate eligibility. NRIs require passport, visa, and overseas address proof alongside PAN/FATCA declarations. Joint accounts need documents for all holders, plus a joint declaration. HUFs submit PAN and deed copies; firms provide partnership deeds and resolutions. Recent passport-sized photos and initial deposit proof complete the set, ensuring regulatory adherence and swift activation.
Interest earned on Jammu and Kashmir Bank fixed deposits is taxable as 'Income from Other Sources' under the Income Tax Act, added to the depositor's slab rate—ranging from 5% to 30% plus cess for FY 2025-26. Banks deduct TDS at 10% if annual interest exceeds ₹40,000 (₹50,000 for seniors), rising to 20% sans PAN submission. Form 15G/15H exempts TDS for those below exemption limits (₹2.5 lakh basic for under-60s). Tax Saver FDs offer Section 80C deductions up to ₹1.5 lakh, but only for 5-year locks.
Effective tax planning involves laddering FDs to stagger income, utilising exemptions, or opting for cumulative schemes to defer liability. Seniors benefit from higher TDS thresholds and slab rebates. Post-maturity, capital gains tax doesn't apply to principal, but accrued interest faces scrutiny. Investors should reconcile Form 26AS with returns, consulting CAs for optimal structuring amid evolving Budget provisions like increased rebates. This framework balances revenue collection with saver incentives.
Premature closure of Jammu and Kashmir Bank FDs is permitted after 7 days, subject to a 0.50% penalty on the applicable rate for the held period. Interest is recalculated at one percentage point below the original rate, with no interest for tenures under 180 days in some schemes. Tax Saver FDs prohibit early withdrawal. Submit a closure form at the branch or online, with funds credited post-penalty deduction within 2-3 days. This facility ensures liquidity without total forfeiture.
