Fixed Deposit or FD is a good interest rate investment option. Jana Bank offers a Fixed Deposit Account with a high interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank. You can visit the official website for the latest interest rate.

Benefits of Jana Bank Fixed Deposit

  • You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
  • Multiple fixed deposits can open.
  • Jana Bank also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
  • You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
  • If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.

Fixed Deposit Eligibility

  • Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
  • The applicant must have a savings account in the bank.

Income Tax Facts on Jana Bank Fixed Deposit Interest

If you are looking for income tax fact on Fixed Deposit interest, then you can check below:

  • If Fixed Deposit interest is less then Rs. 40, 000/-, then the Jana Bank will deduct TDS on interest.
  • Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
  • If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in Jana Bank.

Jana Bank Tax Benefit Fixed Deposit

  • Interest Rate is 6.5% for 5 years term deposits.
  • The amount can not withdraw before five years.
  • The deposit account can not transfer to another bank.

Jana Bank Fixed Deposit Interest Rate

PeriodRegular FD
Interest Rate (p.a)


Effective Date-20/12/2019

Senior Citizen FD
Interest Rate (p.a)


Effective Date-20/12/2019

RateYieldRateYield
7 − 14 days5.00%5.00%5.60%5.60%
15 − 45 days5.25%5.25%5.85%5.85%
46 − 60 days6.00%6.00%6.60%6.60%
61 − 90 days6.25%6.25%6.85%6.85%
91 − 180 days7.00%7.06%7.60%7.67%
181 − 198 days7.75%7.84%8.35%8.46%
199 days8.25%8.36%8.85%8.97%
200 − 364 days7.75%7.96%8.35%8.59%
365 days (1 Year)8.00%8.24%8.60%8.88%
366 days – < 498 days8.25%8.64%8.85%9.30%
499 days8.50%8.92%9.10%9.58%
500 Days – < 3 Years8.25%9.24%8.85%10.00%
3 Years (1095 Days)8.40%9.44%9.00%10.20%
>3 Years – 5 Years8.25%10.09%8.85%10.98%
>5 Years – 10 Years7.00%10.05%7.60%11.27%