The J&K Bank offers attractive interest rates on regular RD scheme which is compounded on a quarterly basis. The depositors may deposit a minimum amount of 50 rupees in the J&K RD account and the deposits can be increased in the multiples of 5. The interest rate applicable to these deposits is fixed throughout the tenure. The deposit term for J&K Bank varied form 6 months-10 years. The interest for an RD scheme is compounded on a quarterly basis and it is generally paid out on the maturity of the deposit.

Individuals, proprietorships, minors, HUFs, private and public listed companies and associations may open an RD account with J&K Bank. The bank offers a loan facility of 90% of the total amount deposited.

Tenure | For recurring deposits below Rs. 1 crore | For recurring deposits of Rs. 1 crore and below Rs.5 crores |

181 days to 270 days | 6.5 | 4.50 |

271 days to less than 1 year | 6.5 | 4.75 |

1 year to less than 3 years | 6.75 | 5 |

3 years to less than 5 years | 6.5 | 5 |

5 years to 10 years | 6.5 | 4.75 |

Customers can open their accounts for tenures ranging from 6 months-3 years. The interest rate applicable to the RD accounts depends on the amount deposited by the customers.

J&K Bank offers an interest rate of 7.5% per annum for RD accounts with tenure 6-9 months. For an RD account that has a tenure of 9 months-1 years, the interest rate applicable is 7.75%. For RD accounts with tenure of 1-3 years, the interest rate applicable is 8%

J&K Bank offers an interest rate of 7.25% for tenures varying from 6-9 months. For tenure ranging from 9 months-1 years, the interest rate offered is 7.5%. The interest rate offered by J&K Bank for RD accounts with tenures ranging from 1-3 years is 7.75%

The interest rate offered by J&K RD account for tenures of 1-3 years is 7.75% and for RD accounts with tenure of above 3 years, the interest rate applicable is 7.75%

The medium and long-term RD accounts have tenures varying form 3-5 years. The interest rate applicable to these accounts depends on the sum deposited by the customer in the RD account.

The interest rate offered by the J&K bank on RD with tenure ranging from 3-5 years is 8%

The interest rate offered by the J&K Bank on tenures ranging from 3-5 years is 7.75%

J&K Bank offers an additional interest rate of 0.5% to senior citizens on their RD accounts. For a tenure of 6 months, the interest rate applicable is 8.25% and for a tenure of 9 months, the interest rate applicable is 8.25%. For tenures above 1 year up to 4 years, the interest rate applicable is 8.6%. J&K Bank customers can also avail an interest rate of 8.5% on RD deposit account with tenures ranging from 5-10 years.

Maturity Period | Interest Rates |

6 months to below 9 months | 7% |

9 months to below 1 year | 7% |

1 year - 3 years | 7.25% |

3 years - 5 years | 7% |

Tenure | For NRE deposits below Rs. 1 crore | For NRE deposits of Rs. 1 crore and below Rs.5 crores |

1 years to less than 3 years | 6.75% | 5% |

3 years to less than 5 years | 6.5% | 5% |

5 years to 10 years | 6.5% | 4.75% |

For NRE and NRO deposit accounts, the interest rate offered by J&K varies depending on the tenure and deposit amount

For tenures of 3-5 years, the interest rate offered by J&K Bank is 8%. For an RD account with tenure varying from 3-5 years, the interest rate offered is 8% and for an RD deposit of tenure 5-10 years, the interest rate applicable is 7.75%

For Rd accounts with tenure ranging from 1-3 years the interest rate offered by the J&K Bank is 7.75% and the same interest rate is applicable on the tenure ranging from 3-5 years. The interest rate offered to NRE RD accounts for tenures ranging from 5-10 years is 7.5%

The interest rate offered for an NRO RD account whose tenure ranges from 6 months-9 months, the interest rate applicable is 7.5%. For an RD account experiencing a tenure of 9 months-1 year, the interest rate applicable is 7.75%. For an NRO RD account with tenure of 1-5 years, the interest rate applicable is 8% and for a tenure ranging from 5-10 years, the interest rate applicable is 7.75%

The interest rate offered by the J&K Bank on NRO RD account with tenure ranging from 6 months-9 months, the interest rate applicable is 7.25%. For an RD account experiencing a tenure of 9 months-1 year, the interest rate applicable is 7.5%. The interest rate applicable on RD accounts with tenure ranging from 1-5 years is 7.75% and the interest rate offered for tenures of 5-10 years is 7.5%