Janata Bank to provide 12% interest for Janata FD accounts with minimum maturation period of 75 days; Bank hikes interest of all saving accounts whatsoever to 7% effective from Mangsir 19

Janata Bank has revised its Janata Fixed Deposit scheme under which the bank will now provide 12% interest for the FD account holders which shall be paid in a monthly basis.

Under this scheme, customers can make deposits of Rs 1 lakh or more for 75 days and even more. the scheme is available only for the individual depositors and will be available for limited period of time, as per the statement of the bank.

Moreover, the bank has also set the interest rates for all other saving accounts at 7%. The revised interest rate will come into effect from Mangsir 19, 2075, as mentioned in the media statement.