According to the information available on the official website of banks, the new rates of interest are effective from December 1, 2022. After the change in interest rates, Jana Small Finance Bank is offering a maximum interest rate of 7.55 percent and 8.50 percent to ordinary citizens on savings accounts and FDs maturing in 2 to 3 years. At the same time, Karnataka Bank is offering an interest rate of 5.25 per cent to 5.80 per cent on FDs maturing in 7 days to 10 years.

Jana Small Finance Bank Savings Account Interest Rates

Interest is calculated on the end-of-day balance in the Jana Small Finance Bank Savings Account. Bank interest is paid on quarterly basis in savings account. Jana Small Finance Bank is offering 3.50 percent interest rate on Rs 1 lakh and 7 percent interest rate from Rs 1 lakh to Rs 50 crore. Bank is paying interest at the rate of 6.50% on the amount above this.

Jana Small Finance Bank New FD Rates

Jana Small Finance Bank 2.50% for FDs maturing in 7-14 days, 3.00% for FDs maturing in 15-60 days, 5.25% for 61-90 days, 91-180 days is offering an interest rate of 5.50 per cent.

The bank is paying interest rate of 7 percent on deposits maturing in 181 days to one year (365 days) and 7.50 percent on deposits maturing in one year to two years. Deposits maturing in 2 to 3 years will get interest at the rate of 7.55 percent, while FDs maturing in 3-5 years will get interest at the rate of 7.35 percent. The interest rate offered by Jana Small Finance Bank is 7.25 percent for FDs maturing in 5 years and 6 percent for FDs maturing in 5-10 years.

New FD Rates of Karnataka Bank Karnataka Bank is currently paying an interest rate of 5.25 percent on FDs maturing in 7 to 364 days. Is offering an interest rate of 7.20 percent on FDs maturing in 555 days. Now 6.80 percent interest will be given on FD with a period of 2 years, at the rate of 5.75 percent if it matures in 2-5 years. Karnataka Bank is now paying an interest rate of 5.80 percent for FDs of 5 to 10 years. If an FD of Rs 2 crore is closed prematurely, a penalty of one per cent of the applicable rate will be charged.

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Fixed Deposit Interest Rate (FD Interest Rate)

South Indian Bank is offering FD of maturity period from 7 days to 10 years. The bank is now offering interest ranging from 2.65% to 6.00% for general public and 3.15% to 6.50% for senior citizens.

South Indian Bank is giving 2.65% interest to the common citizen on FDs of 7 days to 30 days, while 3.25% interest is being given on Fixed Deposits of 31 days to 90 days. The bank will pay 4.25% interest on FDs of 91 days to 99 days, 5.50% on FDs of 100 days, 4.25% on FDs of 101 days to 180 days, 4.60% on FDs of 181 days and less than 350 days.

The bank is offering 350 days fixed deposit at 7% interest to the common citizens. FDs of 351 days and less than 1 year 4.60%, Fixed deposits of less than 1 year and 30 months 6.40%, Bank is giving 7% interest on FDs maturing in 30 months.

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