Fixed & Recurring Deposit Account

SecureGrow Fixed Deposits.

A Term Deposit, also known as a Fixed Deposit, is a popular investment instrument offered by banks and financial institutions to help individuals grow their savings. When you invest in a Term Deposit, you agree to deposit a certain lump sum amount with the bank for a fixed period, which can range from as short as 7 days to as long as five years or even more.

The Junagadh Jilla Sahakari Bank LTD. provides a diverse range of Fixed Deposits that come with attractive annual interest rates, ensuring a lucrative return on investment. Moreover, senior citizens are eligible for an exclusive additional interest rate of 0.50% per annum on their Fixed Deposits.

Fixed Deposit: Interest Rates – w.e.f 21/02/2023

Invest with Confidence, Reap Rewards with Stability.

Interest Type	Interest Rate(For Normal)	Interest Rate(For Senior Citizen)
7 days to 45 days	3.60%	4.10%
46 days to 90 days	4.60%	5.10%
91 days to 179 days	4.60%	5.10%
180 days to 364 days	5.80%	6.30%
1 years to <2 years	7%	7.50%
2 years to <3 years	7.10%	7.60%
3 years to <5 years	6.60%	7.10%
Call Deposits	3.50%	–

*Interest rates are subject to change without prior notice

Recurring Deposit

Benefits of Recurring Deposits

• RDs make it possible for investors to earn attractive FD-like returns, even on small-ticket investments. This type of deposit account helps investors develop the discipline of saving money at regular intervals.

• RDs offer guaranteed returns, unlike other monthly investment schemes like systematic investment plans (SIPs) offered by mutual funds.

• You can create RDs of small amounts, and your monthly installment can be as low as INR 100, INR 500, INR 1,000, etc., depending on the bank with which you choose to open the RD.

• There is no risk of capital erosion. The bank pays you back the entire sum invested, plus the interest amount, when the RD matures.

Recurring deposit rates applicable as per term deposit rates