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.

jammu and kashmir bank fixed depositThe 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:

 TenureInterest rate below 1 crore

(% p.a)

Interest rate 1-5 crore

(% p.a.)

7 Days to 30 Days5.00%5.25%
30 Days to 45 Days5.50%5.50%
45 Days to 90 Days6.00%6.00%
90 Days to 180 Days6.25%6.50%
180 Days to 270 Days6.80%6.80%
270  Days to 1 Year7.05% 7.05%
1 Years to 2 Years7.30%7.30%
3 Years to 5 Years7.30%7.30%
5 Years to 10 Years6.50%6.50%

Jammu And Kashmir Bank Domestic/NRE/NRO fixed deposit Interest Rates Above 5 crore:

 Maturity RangeInterest rate

(% p.a.)

1 Year to 1 Year 6 MonthContact Branch
1 Year 6 Month to 3 Year
3 Years

Jammu And Kashmir Bank NRE Deposit Interest rates 2019:

 TenureInterest rate below 1 crore

(% p.a)

Interest rate 1-5 crore

(% p.a)

1 Year to 2 Years7.30%7.30%
2 Years to 5 Years7.30%7.30%
5 Years to 10 Years6.50%6.50%

Jammu And Kashmir Bank NRO Fixed Deposit Interest rate 2019:

TenureInterest rate below 1 crore

(% p.a

Interest rate 1-5 crore

(% p.a)

7 Days to 30 Days5.00%5.25%
30 Days to 45 Days5.50%5.50%
45 Days to 90 Days6.00%6.00%
90 Days to 180 Days6.25%6.50%
180 Days to 270 Days6.80%6.80%
270 days to 1 Year7.05%7.05%
1 Year to 2 Years7.30%7.30%
2 Years to 3 Years7.30%7.30%
3 Years to 10 Years6.50%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

Calculate Maturity Value Now

Check out more details @https://www.jkbank.com/others/common/intrates.php

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