Deposit Amount: Rs. 100/- and above.

Tenure:  7 days to 10 years.

Interest rate: Fixed.

Interest application: Simple Interest.

Interest payouts: Quarterly/On maturity (as per option of depositor).

Add-ons: Loan facility up to 90% of amount deposited plus interest accumulated, if any.

Premature withdrawal: Allowed with small penalty.

  • A person in his/her name.
  • More than one person in their joint names.
  • Minor through parents/guardian.
  • Sole Proprietorship concerns, Partnership firms
  • Private and Public Limited Companies
  • HUFs
  • Associations, Clubs, Societies, Trusts etc.
  • Application Form
  • Photograph of depositor/s (2 copies)
  • Documents as  per KYC Norms
  • PAN Card or Form 60 or 61
  • Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF’s etc

What is the eligibility for opening an account under Fixed Deposit Scheme of J&K Bank?
Fixed  Deposit  accounts can be opened by individuals , either singly or jointly, Parents/ Guardians on behalf of minors, Sole proprietorship firms,  Partnership firms,  Private and Public Limited Companies , HUFs, Associations, Societies, Trusts, etc.

What is the minimum amount required for opening account under the Fixed Deposit Scheme?
You can open an account under this scheme with an amount of Rs 100 and in multiples of Re 1 thereafter.

What are the tenures for which the accounts can be opened?
You can open an account for any tenure ranging from 7 days to 10 years.

Is interest under this scheme applied on Simple or Compound basis?
Simple interest is provided under this scheme.

Is loan facility available against the deposit amount?
Loan facility up to a maximum of 90% of amount deposited plus interest accumulated, if any, is available.

Can I withdraw my deposit prematurely?
Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.

What is the eligibility for opening an account under Fixed Deposit Scheme of J&K Bank?
Fixed  Deposit  accounts can be opened by individuals , either singly or jointly, Parents/ Guardians on behalf of minors, Sole proprietorship firms,  Partnership firms,  Private and Public Limited Companies , HUFs, Associations, Societies, Trusts, etc.

What is the minimum amount required for opening account under the Fixed Deposit Scheme?
You can open an account under this scheme with an amount of Rs 100 and in multiples of Re 1 thereafter.

What are the tenures for which the accounts can be opened?
You can open an account for any tenure ranging from 7 days to 10 years.

Is interest under this scheme applied on Simple or Compound basis?
Simple interest is provided under this scheme.

Is loan facility available against the deposit amount?
Loan facility up to a maximum of 90% of amount deposited plus interest accumulated, if any, is available.

Can I withdraw my deposit prematurely?
Yes, but penal interest, as applicable, shall be charged on such pre-mature withdrawals.