Jammu & Kashmir Bank RD Interest Rates

What is Jammu & Kashmir Bank Recurring Deposit?

Jammu & Kashmir Bank recurring deposit is a savings plan that enables fixed monthly instalments for a chosen period. Every instalment will earn interest according to the RD interest rate set by the bank for various tenures. The interest is compounded quarterly and paid at the time of maturity.

The fixed monthly instalments start at a minimum deposit of ₹50 per month, and additional contributions are allowed in multiples of ₹5 thereafter. Each instalment starts earning interest from the date of payment till maturity. This makes earlier payments earn more as they have more time to grow.

Jammu & Kashmir Bank RD Interest Rates

The following table provides the updated recurring deposit rates applicable across various tenures. These rates are aligned with the J&K Bank term deposit rate.

For Deposits Below ₹3 Crores:

*Jammu & Kashmir Bank RD Interest Rates w.e.f. February 11, 2026

For Deposits of ₹3 Crores to Less than ₹5 Crores

*Jammu & Kashmir Bank RD Interest Rates w.e.f. February 11, 2026

Types of Jammu & Kashmir Bank Recurring Deposit

J&K Bank provides two types of recurring deposit (RD) schemes to facilitate disciplined savings. The schemes differ with regard to deposit flexibility, eligibility, and usage.

1. Regular Recurring Deposit

   J&K Bank regular RD allows customers to save a fixed monthly installment for a chosen period with ₹50 as the minimum monthly deposit. Subsequent contributions are allowed in multiples of ₹5 thereafter. Other facilities offered by the scheme include a loan against the RD balance, nomination benefits, and additional interest for eligible senior citizens.

2. Flexi Recurring Deposit Scheme (FRD Scheme)

   This scheme helps customers to save on a regular basis with variable monthly deposits. Jammu & Kashmir Bank flexi RD offers the lowest monthly instalment of ₹500, with a limit of ₹1,00,000 per customer, which is 10 times the base instalment. Subsequent payments can be done in multiples of ₹100.

Key Features of Jammu & Kashmir Bank RD

Jammu & Kashmir Bank Recurring Deposit has several features that will help in saving regularly every month. Key features include:

• Loan Against RD: The Jammu & Kashmir Bank loan against RD allows account holders to borrow up to 90% of the deposited amount and the accrued interest.
• Additional Interest for Senior Citizens: Senior citizens aged 60 to 80 years get 0.50% more interest than general citizens. Super senior citizens aged 80 years and above get 0.25% more than senior citizens across all tenures.
• Premature Withdrawal Facility: Jammu & Kashmir Bank RD premature withdrawal facility enables the customers to access their recurring deposit before it reaches maturity. In such instances, 0.50% can be deducted from the applicable RD rate.
• Nomination Facility: Account holders can appoint a nominee to claim the interest and earnings on the deposit.
• Digital Access & RD Calculator: Customers can maintain RD accounts online and calculate the value of maturity and plan savings with the help of the RD calculator.

How to Open a Jammu & Kashmir Bank RD

A Jammu & Kashmir 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 Jammu & Kashmir Bank account, you can open an RD at any convenient time using the mobile banking application or through internet banking, using the following steps:

• Log In: Log in to J&K Bank's internet or mobile banking.
• Select RD Option: Click next to the deposits and select recurring deposits.
• Enter Details: Fill in the instalment amount and tenure.
• Link Account: Choose your Jammu & Kashmir Bank savings account or current account to be auto-debited.
• Review & Submit: Verify details and confirm the request.
• Confirmation: Receive RD account creation confirmation.

Offline Method

You can easily open an RD account offline by following these steps:

• Branch Visits: Visit the closest branch of J&K Bank.
• 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 or standing instructions.
• Account Activation: The bank opens the RD account and issues confirmation details.

Eligibility Criteria for Jammu & Kashmir Bank RD

Any individual or entities who meet the following criteria given by the bank can open a Jammu & Kashmir Bank 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: Age is not a limitation to setting up a J&K Bank RD. Even a minor can open an account through their parents or legal guardian.
• Hindu Undivided Family (HUF): HUFs can open RD accounts in the name of the family.
• Business Entities and Organisations: Clubs, societies, corporates, professional partnership firms, and other RBI-approved entities can open an RD account with Jammu & Kashmir Bank.

Key Takeaways

Jammu & Kashmir Bank offer recurring deposits scheme of many types that are suitable for small savings and bigger ones. Currently, the RD interest rates vary from 5.10% to 7.25% per annum for general citizens, and 5.60% to 7.75% for senior citizens. The rates you get depend on the period of saving, which spans from 6 months to 10 years. You can also consider Jammu & Kashmir Bank FD interest rates to earn similar guaranteed returns from your deposits.