Jana Small Finance Bank RD Interest Rates

What is Jana Small Finance Bank Recurring Deposit?

Jana Small Finance Bank Recurring Deposit is a scheme that enables account holders to pay deposits every month for a chosen period and earn interest from the deposited amount. Interest is calculated based on the number of days in a year. All deposit tenures are measured in days. Customers can withdraw prematurely, but no interest is paid if the deposit is withdrawn within 30 days.

In an RD scheme, every instalment you make earns interest from the date of payment till maturity. This means earlier deposits earn more interest than later ones because they have more time to grow. If all instalments are paid regularly, interest is calculated on the total balance and compounded periodically as per bank rules. If you prefer one-time lum sum deposit over recurring instalments, you can also check Jana Small Finance Bank FD interest rates.

Jana Small Finance Bank RD Interest Rates

The following table provides the updated RD rates applicable across various tenures.

*Jana Small Finance Bank RD Interest Rates w.e.f. March 23, 2026

Key Features of Jana Small Finance Bank RD

A Jana Small Finance Bank Recurring Deposit has several features that will help in saving regularly every month. Key features include:

• Maximum and Minimum Monthly Instalment: The minimum monthly instalment of a Jana Small Finance Bank Recurring Deposit is ₹100 with no maximum limit.
• Additional Interest for Senior Citizens: Senior citizens aged 60 years and above receive an additional 0.50% interest for select deposit tenures, while the interest rates remain the same as general rates for other tenures. Currently, the interest rate for senior citizens ranges from 6% to 8 %, depending on the chosen period.
• Premature Withdrawal Facility: Jana Small Finance Bank RD premature withdrawal facility will enable the customers to access their recurring deposit before it reaches maturity. In such instances, a penal interest of 1% is charged.
• Delayed Instalment Facility: For any delayed or missed payment, a 1.5% penal charged wil be taken based on the number of days of delay. There is 5 days grace period to make the instalment and avoid a penalty. In case of 5 consecutive missed instalments, the bank has the right to close the RD account.

How to Open a Jana Small Finance Bank RD

A Jana Small Finance Bank RD can be opened at any bank branch or through online mode. The process is simple and needs only basic account details.

Online Method

If you already have a Jana Small Finance Bank account, you can open an RD at any convenient time using the Jana mobile banking application or through internet banking, using the following steps:

• Log In: Log in to the Jana Small Finance Bank internet or mobile banking application.
• Select RD Option: Click next to the deposits and select recurring deposit.
• Enter Details: Fill in the instalment amount and tenure.
• Link Account: Choose your Jana Small Finance Bank savings account or current account to be auto-debited.
• Review & Submit: Verify details and confirm the request.
• Confirmation: Confirm using OTP, and your RD account is created instantly.

Offline Method

You can easily open a Jana Small Finance Bank RD account offline by following these steps:

• Branch Visits: You can visit their website to find the nearest branch and go there to open an RD account.
• Fill Form: Fill in the RD application form.
• Submit Documents: Provide required KYC documents.
• Choose Details: Select the instalment amount and tenure.
• Deposit Initial Instalment: Pay the first monthly instalment.
• Set Instructions: Provide payment instructions.
• Account Activation: The bank opens the RD account and issues confirmation details.

Eligibility Criteria for Jana Small Finance Bank RD

Many types of customers open an RD account with Jana Small Finance Bank. These are the criteria given by the bank to open an RD account:

• Individual Account: Any adult individual can open an RD account in their own name.
• Joint Account: Any two or more individuals can open a joint RD account. Every account holder has equal responsibility for paying the instalments and also shares the maturity benefit. 
• Minors: A minor can open an RD account under the supervision of their legal guardian. 
• Hindu Undivided Family (HUF): HUFs can open an RD account in their family name.
• Business Entities and Organisations: Proprietorship firms, clubs, partnership firms, and any other RBI-approved entities may open an RD account with Jana Small Finance Bank.

Key Takeaways

Jana Small Finance Bank offers a recurring deposit scheme that is suitable for both small savings and larger ones. Jana Small Finance Bank RD interest rates currently vary from 6% to 8.00% p.a for both the general public and senior citizens. The rates you get depend on the period of saving, which spans from 6 months to 10 years.