J&K Bank Fixed Deposit Interest Rate

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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  Utkarsh 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  Lakshmi Vilas 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  Punjab & Sind Bank 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%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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