New Delhi. Recently, many banks have launched new deposit schemes to attract existing and new depositors. In this series, Jana Small Finance Bank has launched a new FD plan. The bank has launched a scheme called Liquid Plus Fixed Deposit. Under this scheme, the bank is paying 6.75 percent interest on fixed deposits.
In the new scheme of the bank, fixed deposits can be made for a period of 7 days to 180 days. According to the bank, the minimum investment amount in this scheme is Rs 10 lakh. For retail deposits, this limit is from Rs 10 lakh to Rs 3 crore, whereas, for bulk deposits, the limit has been fixed from Rs 3 crore to Rs 200 crore.
Also read- NPS Vatsalya scheme got bumper response on the first day, deposit ₹ 10,000 annually, child will get 11 crores after 60 years
Period Retail FD Rates (Annual)
7-14 days 6.75%
15-60 days 6.75%
61-90 days 6.75%
91-180 days 6.75 per cent
Some features of Liquid Plus Fixed Deposit Scheme-
- Term deposits offer better returns than traditional short-term investments.
- It offers same day redemption (T+0).
- There is a facility to withdraw a part of the FD whenever you need.
- There is no exit load on term deposits, making it flexible and risk free in case of premature withdrawal.
- You can also avail overdraft on your FD to meet your cash needs without breaking your FD.
Tag: bank fd, FD Rates, Fixed deposit, Money making tips
first published : Sep 21, 2024, 9:19 pm IST
