Jana Small Finance Bank Offers Special Rate 9.75% on Fixed Deposit for Senior Citizens, Celebrating Republic Day

Jana Small Finance

Jana Small Finance Bank is offering 9.75% interest on Fixed Deposit (FD) to senior citizens for one week, from January 22 to January 28, 2019, on 70th Republic Day of India.

Since inception, Jana Small Finance Bank’s sole purpose has been to offer value on hard-earned money of its customers. The Republic Day offer is in line with this objective.

The senior citizens will benefit from high-interest rate of 9.75% on the tenure of three years. The bank is also providing Doorstep Account Opening so that the customers can open fixed deposits and savings accounts from the comfort of their home and workplace. Besides, it is also offering a 9.25% interest rate to all its customers on three-year Fixed Deposit with no premature withdrawal.

Mr. Ajay Kanwal, MD and CEO, Jana Small Finance Bank said, ‘Every citizen of India has contributed towards nation building. We believe that on the occasion of the 70th Republic Day, there couldn’t have been a better way of expressing our gratitude towards our senior citizens than offering value for their hard-earned money.’

Jana Small Finance Bank’s vision is to become the leading inclusive digitized bank, serving all customer segments and communities of an aspirational India. The bank is serving 45 lakh customers across 20 states in India. By end of 2019, its 500 microfinance storefronts will be converted into bank branches.

Fixed Deposit for Senior Citizens

Mr. S. Vaidyanathan, a senior citizen customer of the bank, said, “I have been banking with Jana Small Finance Bank since its inception and I am truly impressed. At the age of 60 and above, most senior citizens want their savings and investments to be safe and provide steady returns. Jana Small Finance Bank is a perfect vehicle for that; it offers one of the best interest rates in the industry.”

Jana Small Finance Bank, erstwhile Janalakshmi Financial Services, is headquartered in Bengaluru. It is one of the 10 financial institutions which had received in-principal approval from RBI for setting up a Small Finance Bank in 2015.

Established in Bengaluru in 2008, it was the largest Micro Finance Institution (MFI) in India and was recognized globally as one of the world’s innovative financial institutions working on the problem of financial inclusion.

Currently, post-transition phase, the bank is enabling its existing 45 lakh customers across 20 states in India to access the banking services. By 2020, the bank aspires to add more than four million customers.

The bank has deep domain expertise in banking and financial services with the senior management team having 25+ years of average experience in the banking sector. Its current employee strength is of 15,000.

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