FD Rates: Jammu and Kashmir Bank (J&K Bank) has increased the interest on FD – check new rate

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FD Rates : 85 year old Jammu and Kashmir Bank (J&K Bank) has increased the interest on FD. J&K Bank was established in 1938.

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The bank has revised the interest on FD up to Rs 2 crore and these new rates have come into effect from tomorrow, 11 November 2023. The bank has increased the interest on FD of 555 days by 0.40 percent. Now the bank is giving 7.50 percent interest on FD of 555 days.

Bank increased interest on this FD

Jammu and Kashmir Bank is offering 7.50 percent interest on FD of 555 days. Earlier it was paying 7.10 percent interest on it. The bank has increased the interest on this FD by 0.40 percent. There has been no change in the interest on FD for the remaining period. Jammu and Kashmir Bank was formed about 85 years ago and since then the bank has become one of the scheduled commercial banks in the private sector.

Jammu and Kashmir Bank many new FD rates

Jammu and Kashmir Bank is offering interest rate of 3.50% on FD maturing in 7 days to 30 days. Jammu and Kashmir Bank (J&K Bank) is offering an interest rate of Rs 3.50 on FDs maturing in 31 days to 45 days. Jammu and Kashmir Bank is offering 4.60 percent interest on deposits of 46 days to 180 days. The bank is offering 4.75% interest on FDs of 91 days to 180 days. The bank is offering interest of 5.60% on deposits of 181 days to 270 days.

These are the new interest rates of FD

FD of 181 days to 221 days is getting 5.60 percent interest. Earlier the interest rate on FD of 222 days was 5.60 percent. Now it is giving 6.30 percent interest on FD of 222 days. Now interest on FD ranging from 223 days to 270 days will be available at the rate of 5.60%. You will get 6% interest on FD for 271 days to 332 days.

Instead of 6% interest on 333 days FD, you will get 6.60% interest. 6 percent interest will be available on FD of 334 days to one year. Now interest on FD from 1 year to 2 years will be available at the rate of 7.10%. Customers will get interest at the rate of 7% on FDs of two to three years or less. Jammu and Kashmir Bank (J&K Bank) is offering 6.50 percent interest on FDs of 3 to 5 years and 5 to 10 years.

 

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