This bank has brought a special FD scheme, giving 6.75% interest on a period of 6 months only, just one condition has to be fulfilled

Jana Small Finance Bank has started a new FD plan. This is to meet short-term needs. This FD has been named Liquid Plus Fixed Deposit, which gives 6.75 percent interest on FDs of 7 days to 180 days.

Jana Small Finance Bank has started a new FD plan. This is to meet short-term needs. This FD has been named Liquid Plus Fixed Deposit, which gives 6.75 percent interest on FDs of 7 days to 180 days. If you are also thinking of getting FD for a short period, then this scheme can prove to be of great use to you.

The bank has said that this interest rate will be available on FDs of at least Rs 10 lakh. That is, if you want to invest in it, then its condition will be that you have to invest at least Rs 10 lakh. At the same time, you can invest a maximum of Rs 3 crore under this. If you make bulk deposits, then you can invest from Rs 3 crore to Rs 200 crore.

The bank's MD and CEO Ajay Kanwal said that the purpose of launching this product is to give people an option for a short period. Customers can avail instant overdraft facility. It also offers same-day redemption and partial withdrawal facility. The bank said that with this product, short-term investment goals of common man to rich and corporates can be met. Along with this, returns will also be available with security, liquidity and guarantee.

The total deposit of the bank in the first quarter of FY 2025 was Rs 23,710 crore, which was about 41 percent higher on a year-on-year basis. The bank's current account and savings account deposits stood at Rs 4846 crore, which is 47% higher year-on-year. The bank's total term deposits grew by 40% year-on-year.