Jana Small Finance Bank FD Interest Rates

About Jana Small Finance Bank

Jana Small Finance Bank Limited (JSFB) is a scheduled commercial bank regulated by the Reserve Bank of India and headquartered in Bengaluru, Karnataka. The bank traces its origins to Janalakshmi Financial Services (JFS), which was incorporated in 2006 as a microfinance institution focused on urban and semi‑urban inclusion.

Following the Reserve Bank of India’s in‑principle approval, Jana received its final banking authorisation in 2017 and commenced small finance bank operations on 28 March 2018. Since then, the bank has expanded its footprint with a mix of banking outlets and digital channels, and highlights its scale in public materials by describing itself among the larger small finance banks by assets and deposits at various points in time.

Its purpose is to provide inclusive, digitised banking with a strong emphasis on transparent pricing, accessibility, and product choice across customer segments. On the deposit side, Jana offers a structured suite to suit different use‑cases and ticket sizes.

Customers can choose a Regular (Retail) Fixed Deposit for amounts below ₹3 crore, a Bulk Fixed Deposit for ₹3 crore and above (with slab‑wise rates by amount and tenor), or an FD Plus (Non‑Callable) for very large deposits (₹25 crore and above) that trades early withdrawal flexibility for a higher rate. The bank also runs a statutory five‑year Tax Saver Fixed Deposit for Section 80C planning and a Recurring Deposit for monthly savers. 

Jana Small Finance Bank FD Rates 2025 (Deposits Less Than ₹3 Crores)

Note: The data is as of July 9, 2025

Jana Small Finance Bank FD Rates 2025 (Deposits ₹3 Crore and Above)

Note: The data is as of July 9, 2025

Features and Benefits of Jana Small Finance Bank Fixed Deposit

• Wide tenor flexibility: Deposits available from 7 days to 10 years
• Payout options:

1. Cumulative – compounding to maximise maturity value
2. Non-cumulative – monthly, quarterly, half-yearly, or annual interest payouts

• Senior citizen benefits: Preferential rates across most retail tenors
• Resident-only slabs:

1. 7–180 days
2. Special 384-day slab
3. 5-year slab

• Large ticket deposits:

1. Bulk FDs (₹3 crore and above): Slab-wise pricing with premature-withdrawal facility
2. FD Plus (₹25 crore and above, non-callable): Higher rates with no-exit commitment until maturity

• Tax-saving option: Tax Saver FD with Section 80C benefit and a mandatory 5-year lock-in
• Recurring Deposit (RD): Build savings through monthly instalments
• Standardisation across products: Clear payout schedules, interest calculated on actual-days basis (365/366)

Types of Jana Small Finance Bank FD Schemes

1) Regular Fixed Deposit (Retail: Deposits Below ₹3 Crore)

• Core product for deposits below ₹3 crore
• Tenure: 7 days to 10 years
• Variants:
  • Cumulative FD – reinvests interest for compounding at maturity
  • Non-cumulative FD – interest payout monthly, quarterly, half-yearly, or annually
• Senior citizen benefits: Preferential card rates (resident-only eligibility)
• Special slabs: 384 days and 5 years (1825 days)
• Premature withdrawal: Allowed; interest reset to actual run-period rate minus bank’s penalty
• Supports NRO and NRE deposits
  • NRE minimum tenor: 1 year
  • No interest if closed before 1 year

2) Bulk Fixed Deposits (₹3 Crore and Above)

• Designed for HNIs, corporates, institutions, and government bodies
• Slab-wise pricing by amount and tenor:
  • ₹3 crore
  • ₹3–5 crore
  • ₹5–10 crore
  • ₹10–25 crore
  • ₹25–50 crore
  • ₹50 crore
• Premature withdrawal: Permitted, but interest recalculated at run-period rate minus penalty
• Pricing consistency across slabs, with some slab-specific differences (e.g., 365-day tenor)
• Non-cumulative option: Standard simple-interest payouts aligned with financial-year dates

3) FD Plus (Non-Callable; ₹25 Crore and Above)

• Targeted at very large deposits with no premature withdrawal option
• Higher rates compared to regular FDs
• Tenure: 181 days to 10 years
• Rate grid by amount bucket:
  • ₹25–<₹50 crore
  • ₹50–<₹75 crore
  • ₹75–<₹100 crore
  • ≥₹100 crore
• No auto-renewal facility
• Early closure not allowed, except in cases like depositor’s demise or regulatory orders
• Non-cumulative payouts on standard monthly, quarterly, half-yearly, or annual dates

4) Tax Saver Fixed Deposit (5-Year Lock-in)

• Tenure: 5 years (1825 days)
• Eligible for Section 80C deduction (primary holder)
• Investment limits: Minimum ₹100; maximum ₹1,50,000 per financial year
• Restrictions:
  • No premature withdrawal
  • No loan/overdraft facility
  • No auto-renewal
• Senior citizen preferential rates not applicable
• General terms of Regular FD apply

5) Recurring Deposit (RD)

• Encourages disciplined monthly savings
• Minimum instalment: ₹100
• Minimum tenor: 6 months
• Rates aligned to tenor
• Penalties for delayed or missed instalments
• Bank may close RD if multiple instalments are missed
• Premature closure:
  • Interest reset to run-period rate minus penalty
  • No interest if closed within 30 days of opening
• Suitable for goal-based savings with predictable payouts

Term wise Jana Small Finance Bank Fixed Deposit Rates

Short-term deposits (7–180 days)

• 15% – 6.00% p.a. (regular customers)
• Designed for short cash-management without long lock-in

Medium-term deposits

• 181–365 days: 7.25% (regular) / 7.75% (senior citizens)
• 1 year–383 days: 7.25% (regular) / 7.75% (seniors)
• Special 384-day slab: 7.77% (same for seniors)
• 385 days–2 years: 7.25% (regular) / 7.75% (seniors)

Upper medium-term

• 2–3 years: 7.50% (regular) / 8.00% (seniors) – peak rates on card

Long-term deposits

• 3–<5 years: 7.25% (regular) / 7.75% (seniors)
• 5-year (1825 days): 8.00% (same for seniors)
• 5–10 years: 6.50% (regular) / 7.00% (seniors)

How to invest in Jana Small Finance Bank FD?

There are multiple ways to open a Fixed Deposit (FD) with Jana, and the process depends on whether you are an existing customer and the product you choose.

For Existing Customers

• Use mobile banking or internet banking.
• Select:
• Tenure
• Deposit amount
• Payout frequency
• Confirm the booking directly from your linked Jana account.

For New Customers or Assisted Onboarding

• Visit the nearest Jana branch.
• A relationship manager will:
• Help you choose among Regular FD, Bulk FD, FD Plus, or Tax Saver FD.
• Capture nominee details.
• Complete the KYC process.

Eligibility to Open an Jana Small Finance Bank FD Account

Jana Small Finance Bank allows both new and existing customers to open Fixed Deposits (FDs).

Eligible Customer Types

• Individuals (including minors)
• Proprietorships
• Hindu Undivided Families (HUFs)
• Registered and Unregistered bodies
• Co-operative Societies
• Trusts
• Partnerships
• Non-Governmental Organisations (NGOs)
• Private Limited companies

Special Eligibility

• Tax Saver FD – Available only to Individuals and HUFs.

Non-Resident Customers

• NRO FD – Available for Non-Resident Ordinary accounts.
• NRE FD – Available for Non-Resident External accounts with conditions:
• Minimum tenor of 1 year.
• No interest is paid if the FD is closed before completing one year.

Documents Required to Open Jana Small Finance Bank FD Account

The documentation process for opening a Fixed Deposit (FD) with Jana follows the bank’s Know Your Customer (KYC) guidelines.

For Individuals

• Aadhaar (or proof of Aadhaar enrolment not older than six months)
• PAN or Form 60
• Recent photograph
• FATCA declaration

For Entities

Documentation varies based on the type of organisation:

• Partnership Firms
• Partnership deed
• PAN of the firm
• Companies (Private/Public Limited)
• Certificate of Incorporation
• Memorandum & Articles of Association
• Board resolution authorising account opening
• KYC and address proofs of directors
• Proprietorships
• Relevant registrations or licences (such as GST or Shop & Establishment Certificate)
• Trusts, Societies and NGOs
• Constitutional documents (trust deed, society registration certificate, etc.)
• Identity proofs of authorised signatories

Tax on Jana Small Finance Bank Fixed Deposit

Tax Saver FD

• Eligible for deduction of up to ₹1,50,000 under Section 80C for the primary holder.
• Five-year lock-in period is mandatory.
• No facility for:
  • Premature withdrawal
  • Loans or overdrafts
  • Auto-renewal
• Senior citizen preferential rates do not apply to this FD.

Non-Resident Deposits

NRO FDs

• Interest is taxable under the Income-tax Act, 1961.

NRE FDs

• Minimum tenor: one year.
• No interest is earned if closed before completing one year.

Resident Deposits

• Subject to TDS/TCS as applicable under prevailing tax laws.

Planning with FD Calculator

• Customers are encouraged to:
  • Review the rate grid periodically, as rates are updated by the bank.
  • Use the FD Calculator to estimate post-tax maturity values.
  • Plan ladder strategies by mixing cumulative and non-cumulative payout options.

Premature Closure of Jana Small Finance Bank Fixed Deposit

For Regular (retail) and Bulk FDs booked on or after 2 October 2024, the bank applies a 1% penal interest on early closures: interest is paid at the applicable rate for the actual period for which the deposit was held, reduced by 1%. The bank reiterates that no interest is payable on retail FDs withdrawn within seven days of booking; for Recurring Deposits, no interest is payable if closed within thirty days.