The Jammu & Kashmir Bank was formed under the patent issued by Hari Singh, the Maharaja of Jammu & Kashmir. The bank started its operations in 1939 and was established as a semi-state bank.
The bank netted a profit of INR 10 billion in its platinum jubilee year – 2013. The bank has over 800 computerized branches and over 1,000 ATM’s across the country.
The J&K bank has also been designated as the Reserve Bank of India’s agent for its banking businesses. The J&K Bank carries out all the banking business of the Central Government.
The bank offers competitive interest rates for its fixed term deposits. The normal tenor is from 7 days to 120 months. The bank also services the NRI and NRE sector with extremely competitive rates with tenors ranging from 1 year to 3 years.
For deposits more than INR 1 crore and less than INR 5 crore, the bank offers one of the best interest rates in the country. Below interest rates are effective from 11 November 2018.
Jammu And Kashmir Bank Domestic term/fixed Deposit Interest rate February 2019:
| Tenure | Interest rate below 1 crore
(% p.a) |
Interest rate 1-5 crore
(% p.a.) |
|---|---|---|
| 7 Days to 30 Days | 5.00% | 5.25% |
| 30 Days to 45 Days | 5.50% | 5.50% |
| 45 Days to 90 Days | 6.00% | 6.00% |
| 90 Days to 180 Days | 6.25% | 6.50% |
| 180 Days to 270 Days | 6.80% | 6.80% |
| 270 Days to 1 Year | 7.05% | 7.05% |
| 1 Years to 2 Years | 7.30% | 7.30% |
| 3 Years to 5 Years | 7.30% | 7.30% |
| 5 Years to 10 Years | 6.50% | 6.50% |
Jammu And Kashmir Bank Domestic/NRE/NRO fixed deposit Interest Rates Above 5 crore:
| Maturity Range | Interest rate
(% p.a.) |
|---|---|
| 1 Year to 1 Year 6 Month | Contact Branch |
| 1 Year 6 Month to 3 Year | “ |
| 3 Years | “ |
Jammu And Kashmir Bank NRE Deposit Interest rates 2019:
| Tenure | Interest rate below 1 crore
(% p.a) |
Interest rate 1-5 crore
(% p.a) |
|---|---|---|
| 1 Year to 2 Years | 7.30% | 7.30% |
| 2 Years to 5 Years | 7.30% | 7.30% |
| 5 Years to 10 Years | 6.50% | 6.50% |
Jammu And Kashmir Bank NRO Fixed Deposit Interest rate 2019:
| Tenure | Interest rate below 1 crore
(% p.a |
Interest rate 1-5 crore
(% p.a) |
|---|---|---|
| 7 Days to 30 Days | 5.00% | 5.25% |
| 30 Days to 45 Days | 5.50% | 5.50% |
| 45 Days to 90 Days | 6.00% | 6.00% |
| 90 Days to 180 Days | 6.25% | 6.50% |
| 180 Days to 270 Days | 6.80% | 6.80% |
| 270 days to 1 Year | 7.05% | 7.05% |
| 1 Year to 2 Years | 7.30% | 7.30% |
| 2 Years to 3 Years | 7.30% | 7.30% |
| 3 Years to 10 Years | 6.50% | 6.50% |
Table updated: 19 February 2019
Important Notes:
- Additional interest .50% is applicable to senior citizens for all maturities.
- Minimum maturity for NRE fixed deposit is 1 year.
Jammu And Kashmir Bank Fixed Deposit Interest Calculator
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Check out more details @https://www.jkbank.com/others/common/intrates.php
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