J&K Bank Fixed Deposit Interest Rate

Fixed Deposit or FD is a good interest rate investment option. J&K 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.

Benefits of J&K Bank Fixed Deposit

  • You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
  • Multiple fixed deposits can open.
  • J&K 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.
See also  IDFC Bank Fixed Deposit Interest Rate

Income Tax Facts on J&K 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 J&K 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 J&K Bank.

J&K 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.

J&K Bank Fixed Deposit Interest Rate

Maturity Period Deposit Type Current Interest Rates per Annum Revised Interest Rates per Annum
7 days to 30 days Domestic/NRO 4.50% 4.50%
31 days to 45 days Domestic/NRO 5.00% 5.00%
46 days to 90 days Domestic/NRO 5.50% 5.50%
91 days to 180 days Domestic/NRO 5.50% 5.50%
181 days to 270 days Domestic/NRO 5.75% 5.75%
271 days to less than 1 Year Domestic/NRO 6.00% 6.00%
1 year to less than 2 years Domestic/NRO/NRE 6.30% 6.25%
2 years to less than 3 years Domestic/NRO/NRE 6.35% 6.30%
3 years to less than 5 years Domestic/NRO/NRE 6.35% 6.25%
5 years to less than 10 years Domestic/NRO/NRE 6.00% 6.00%
See also  CSB Bank Fixed Deposit Interest Rate

 

 

 

 

 

 

 

 

 

The Interest rates applicable for Withdrawable Term Deposit

Maturity Period Deposit Type Current Interest Rates per Annum Revised Interest Rates per Annum
7 days to 30 days Domestic/NRO 4.50% 4.50%
31 days to 45 days Domestic/NRO 4.50% 4.50%
46 days to 90 days Domestic/NRO 4.75% 4.75%
91 days to 180 days Domestic/NRO 5.05% 5.05%
181 days to 270 days Domestic/NRO 5.50% 5.50%
271 days to less than 1 Year Domestic/NRO 6.00% 5.75%
1 year to less than 2 years Domestic/NRO/NRE 6.05% 6.00%
2 years to less than 3 years Domestic/NRO/NRE 6.10% 6.05%
3 years to less than 5 years Domestic/NRO/NRE 6.10% 6.00%
5 years to less than 10 years Domestic/NRO/NRE 6.00% 6.00%
See also  Central Bank of India Fixed Deposit Interest Rate

 

 

 

 

 

 

 

 

The Interest rates applicable for Non-Withdrawable Term Deposits

Maturity Period  

Deposit Type

Revised Interest Rates per Annum   (Non-Withdrawable)
 

For Rs 2.00 Crs to Rs 2.50 Crs

 

Above Rs 2.50 Crs to Less than Rs 5.00 Crs

91 days to 180 days Domestic/NRO 5.15% 5.15%
181 days to 270 days Domestic/NRO 5.60% 5.60%
271 days to less than 1 year Domestic/NRO 5.85% 5.85%
1 year to less than 2 years Domestic/NRO/NRE 6.10% 6.10%
2 year to less than 3 years Domestic/NRO/NRE 6.15% 6.15%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leave a Comment