Jana Small Finance Bank, one of India’s newest small finance banks, has introduced its ‘Liquid Plus’ fixed deposit scheme. This offering provides an attractive interest rate of 6.75% per annum for tenures ranging from 7 to 180 days.
The rate is applicable for retail deposits starting from ₹10 lakh up to ₹3 crore, and for bulk deposits between ₹3 crore and ₹200 crore per customer.
This initiative strengthens the bank’s position in the competitive short-term investment market.
Also Read: Airtel Finance Introduces Fixed Deposits Offering Up to 9.1% Interest – Full Details Inside
Here’s a comparison of interest rates offered by other small finance banks for similar tenures:
| Bank | Interest Rate | Tenure |
|---|---|---|
| Jana Small Finance Bank | 6.75% | 7 to 180 days |
| Ujjivan Small Finance Bank | Up to 4.75% | Up to ₹3 crore |
| Utkarsh Small Finance Bank | Up to 5.50% | Up to ₹3 crore |
Interest rates offered by commercial banks for the same tenure:
| Bank | Interest Rate | Tenure |
|---|---|---|
| State Bank of India (SBI) | Up to 5.50% | 7 to 180 days |
| HDFC Bank | Up to 4.50% | 7 to 180 days |
| ICICI Bank | Up to 4.75% | 7 to 180 days |