Jana Small Finance Bank Raises Interest Rates On Fixed, Recurring Deposits

Jana Small Finance Bank, a small finance bank, on Thursday announced an increase in its interest rates on term deposits (fixed deposits and recurring deposits). The new interest rates will come into effect from Friday, Jana Small Finance Bank said in a statement. After the revision, Jana Small Finance Bank customers holding FD and RD accounts with the bank will earn interest up to 9.6 per cent on their investment. On a fixed deposit of a maturity period – or term – of three years without a premature withdrawal facility, the interest rate will be 9.25 per cent, according to Jana Small Finance Bank.

[“source=cnbc”]