You will get 6.75% interest on FD only for 7 days, this bank has launched a special scheme.

New Delhi. Recently many banks have launched new deposit schemes to attract existing and new depositors. In this regard, 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 offering 6.75% interest on fixed deposits.

In the bank’s new scheme, fixed deposits can be made for 7 days to 180 days. According to the bank, the minimum investment amount in this scheme is Rs 10 lakh. For retail deposits, the limit is between Rs 10 lakh and Rs 3 crore, while for bulk deposits, the limit is fixed between Rs 3 crore and Rs 200 crore.

Also Read- NPS Vatsalya Scheme Gets Huge Response on Day 1, Deposit ₹ 10,000 Annually, Child Gets ₹ 11 Crore 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%

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) facility.
• There is a facility to withdraw part of the FD whenever you need.
• There is no exit load on term deposits, which makes them flexible and risk-free in case of premature withdrawal.
• You can also get an overdraft on your FD to meet your cash requirements without breaking your FD.

Tags: Bank FD, FD Rates, Fixed Deposits, Money making tips