Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
- Non-cumulative term deposit where simple interest is paid on quarterly basis.
- Resident Individuals (sole or joint account)
- Hindu Undivided Families.
- Minor through parents/guardian.
- Sole Proprietorship Concerns, Partnership Firms
- Private and Public Limited Companies
- Associations, Clubs, Societies, Trusts etc.
- Deposit Amount:Rs. 100/- and above.
- Tenure: 7 days to 10 years.
- Interest rate: Fixed.
- Interest application: Simple Interest.
- Interest payouts: Quarterly.
- Add-ons: Loan facility available.
- Premature withdrawal: Allowed with penalty.
- Interest on premature withdrawal will be paid at 0.50% below the rate applicable for the period the deposit remained with the bank, provided the deposit has remained with the bank for at least 7 days.
- However, no interest will be paid on Deposits which remain for a period of less than 7 days.
- Filled in Application Form.
- Photograph of depositor/s (2 copies)
- Officially Valid Documents as per KYC Norms
- PAN Card or Form 60 or 61
- Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF’s etc
- Interest on premature withdrawal will be paid at 0.50% below the rate applicable for the period the deposit remained with the bank, provided the deposit has remained with the bank for at least 7 days.
- However, no interest will be paid on Deposits which remain for a period of less than 7 days.
- TDS at prevalent rate is deducted at source if Form 15G/15H not submitted.
- What is the eligibility for opening an account under Fixed Deposit Scheme of J&K Bank?
Fixed Deposit accounts can be opened by individuals , either singly or jointly, Parents/ Guardians on behalf of minors, Sole proprietorship firms, Partnership firms, Private and Public Limited Companies , HUFs, Associations, Societies, Trusts, etc.
- What is the minimum amount required for opening account under the Fixed Deposit Scheme?
You can open an account under this scheme with an amount of Rs 100 and above. - What are the tenures for which the accounts can be opened?
You can open an account for any tenure ranging from 7 days to 10 years. - Is interest under this scheme applied on Simple or Compound basis?
Simple interest is provided under this scheme. - Is loan facility available against the deposit amount?
Loan facility is available. - Can I withdraw my deposit prematurely?
Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals. - What is the frequency of interest paid in this scheme?
Interest is paid at quarterly rests.
