This 85 year old private sector lender trims FD rates by up to 50 bps effective from today
Founded in 1938, Jammu and Kashmir Bank (J&K Bank) is one of India's oldest private sector banks and a scheduled commercial bank.
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Founded in 1938, Jammu and Kashmir Bank (J&K Bank) is one of India's oldest private sector banks and a scheduled commercial bank.
The interest rate varies from 3% to 8.41% for normal individuals, and from 3.60% to 9.01% for senior citizens for tenures starting from 7 days to a maximum of 84 months.
The interest rates on Bajaj Finance FD usually start from 7.40% and can extend up to 8.20% p.a.
Fixed deposit interest rate: This bank is offering general FD for three tenors — 181 to 201 days, 501 days and 1001 days
The high rate offering on fixed deposits (FDs) also comes as banks have almost fully passed on the 250-bps hike in RBI rate since May last year to their borrowers