This government bank has increased the interest rates on FD, you will get more benefits on special FD of 555 days.

Photo:ANI Jammu and Kashmir Bank increased interest rates on FD

FD interest rates have been increased by Jammu and Kashmir Bank. After the new increase, the bank is giving interest ranging from 3.5 percent to 7.50 percent to the common investors. According to the website of Jammu and Kashmir Bank, the new interest rates have come into effect from November 11, 2023.

According to the information, the interest rate of 555 days special FD has been increased by 0.40 percent by the bank. Now 7.50 percent interest is being given on this FD. At the same time, interest on special FD of 222 days is 6.3 percent and on special FD of 333 days, interest is 6.6 percent. Let us tell you, you can start FD in Jammu and Kashmir Bank with an investment of Rs 100.

Interest rates on FD less than Rs 2 crore in Jammu and Kashmir Bank

  • 7 days to 30 days 3.50%
  • 31 days to 45 days 3.50%
  • 46 days to 90 days 4.6%
  • 91 days to 180 days 4.75%
  • 181 days to 221 days 5.6%
  • Up to 222 days* 6.3%
  • 223 days to less than 270 days 5.6%
  • 271 days to 332 less than 6%
  • Up to 333 days* 6.6%
  • 334 days to less than 1 year 6%
  • From 1 year to less than 554 days 7.1%
  • 7.50% up to 555 days
  • Less than 2 years up to 556 days 7.10%
  • 2 years to less than 3 years 7%
  • 3 years to less than 5 years 6.5%
  • From 5 years to less than 10 years 6.5%

The bank is giving additional interest of 0.50 percent to citizens above 60 years of age.

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