Fixed Deposit still one of the most common saving options in India. Many people prefer FD because money stays safe and return also fixed. If someone does not want market risk, FD becomes simple choice.
For depositors looking for flexible tenure and stable return, Jammu & Kashmir Bank provides several FD schemes for both resident Indians and NRIs.
As per the financial update for 31 March 2025, the bank’s total deposits, including FDs reached around ₹1,55,861 crore. This shows the bank still has a strong deposit base from customers across regions.
According to the latest rate revision effective 11 February 2026, JK Bank currently offers the following FD interest range:
- Regular customers: around 3.50% to 7.25% per year
- Senior citizens: around 4.00% to 7.75% per year
- Applicable on domestic deposits below ₹3 crore
If you compare with many other PSU banks, JK Bank rates often look slightly better in some tenures. One example is the 888-day special FD tenure, where the bank sometimes offers one of the higher interest rates available for medium-term deposits.
Small insight: Many depositors choose the 888-day option because it sits between the 2-year and 3-year FD range, but still gives a relatively higher return compared to standard tenure deposits.
Revised: JK Bank Fixed Deposit Interest Rates for Domestic 2026
Jammu & Kashmir Bank recently renewed its Fixed Deposit interest rates. For deposits below ₹3 crore, the FD rates depend mainly on how long the deposit is kept with the bank. Shorter tenures usually offer lower returns, while medium-term deposits often give better interest.
Below is the updated table for resident Indian customers. Senior citizens usually receive an additional 0.50% interest across most tenures. This table work for all domestic FD schemes.
| Maturity Period | Regular Rate (p.a.) | Senior citizen (below 80) | View |
|---|---|---|---|
| 7 – 30 days | 3.50% | 4.00% | Lower |
| 31 – 45 days | 3.75% | 4.25% | Lower |
| 46 – 90 days | 5.00% | 5.50% | Okay |
| 91 – 180 days | 5.10% | 5.60% | Okay |
| 181 – 270 days | 5.90% | 6.40% | Mid |
| 271 days – <1 year | 6.00% | 6.50% | Mid |
| 1 year – <18 months | 6.75% | 7.25% | Good |
| 18 months – <2 years | 6.70% | 7.20% | Good |
| 2 years – 887 days | 6.75% | 7.25% | Good |
| 888 days | 7.25% (HIGHEST) | 7.75% | Best |
| 889 days – <3 years | 6.75% | 7.25% | Good |
| 3 – <5 years | 6.65% | 7.15% | Stable |
| 5 – 10 years | 6.60% | 7.10% | Stable |
Important things to know
- Minimum FD tenure for domestic and NRO deposits is 7 days.
- Senior citizens (60+ years) receive an extra 0.50% interest on all domestic deposits.
- Super senior citizens (80+ years) may get an additional 0.25% over senior citizen rates.
- Premature withdrawal may attract a penalty as per the bank’s deposit policy.
Which JK Bank FD Schemes Give the Highest Returns?
If you are opening a fixed deposit with Jammu & Kashmir Bank, the highest interest usually comes from special tenure deposits rather than normal short-term FDs. As of March 2026, the bank’s most popular high-return option is the 888-day special FD, often called Maha Dhan Samridhi.
Highest FD Rates (Resident Indians)
| Category | Interest Rate |
|---|---|
| Regular Citizens | 7.25% p.a. |
| Senior Citizens (60+) | 7.75% p.a. |
| Super Senior (80+) | 8.00% p.a. |
You can choose different interest payout styles, depending on what you want.
- Cumulative FD: If you don’t need income now, interest keeps compounding and you receive everything at maturity.
- FDR (Quarterly payout): If you want a regular income, interest comes every three months.
- Monthly Yield: If monthly cash flow is important, the bank pays interest every month, but the rate may be slightly lower.
If your goal is maximum FD return, the 888-day tenure usually gives the peak rate among standard deposits.
Types of JK Bank Fixed Deposit Schemes for Residents of India
If you are planning to open a fixed deposit with Jammu & Kashmir Bank, you will notice the bank offers a few simple FD options. All of them start with a lump-sum deposit, but the way interest is paid can be different.
Some people choose a regular income from interest, but others do selective schemes with interest to grow quietly until maturity. Because of this, the bank keeps more than one FD type. Most deposits start from ₹100, and the tenure can be 7 days to 10 years, depending on what you choose.
1. JK Fixed Deposit Receipt (FDR) – Non-Cumulative FD
This is the most commonly opened FD in many branches. Here, the interest is paid out every quarter, instead of being added to the deposit. So if you place ₹1,00,000 in an FDR, the bank will credit interest every three months. Unlike cumulative FD, the interest does not stay inside the deposit.
| Feature | Details |
|---|---|
| Minimum Deposit | ₹100 and above |
| Tenure | 7 days – 10 years |
| Interest Type | Simple interest |
| Interest Payment | Quarterly |
| Loan Facility | Up to around 90% of deposit |
| Premature Withdrawal | Allowed with penalty |
Usually chosen by:
- People who want a quarterly income
- Retired depositors
- Customers who want interest credited to their savings account
2. Cash Certificate – Cumulative FD
Now this FD works a little differently. Here, the interest does not come to your account every quarter. Instead, the bank keeps adding interest to the deposit itself, and the entire amount is paid only when the FD matures.
For example, if you invest ₹50,000 for 3 years, the interest keeps compounding quietly. At maturity, you receive principal plus all accumulated interest together.
| Feature | Details |
|---|---|
| Minimum Deposit | ₹100 |
| Tenure | 7 days – 10 years |
| Interest Type | Compound interest |
| Interest Payment | On maturity |
| Loan Facility | Available |
| Premature Withdrawal | Allowed with penalty |
Why do people choose this =
- No need to track quarterly payouts
- Better for long-term saving goals
- Interest grows through compounding
3. Tax Saver Fixed Deposit
If your focus is on saving tax, the bank also provides a Tax Saver FD. Under this scheme, deposits qualify for deduction under Section 80C of the Income Tax Act. But unlike normal FD, this one has a mandatory lock-in period of 5 years.
| Feature | Details |
|---|---|
| Minimum Deposit | ₹1,000 |
| Tenure | 5 – 10 years |
| Tax Benefit | Section 80C deduction |
| Interest Payment | Depends on selected option |
| Loan Facility | Not available |
| Premature Withdrawal | Not allowed before 5 years |
For instance, if someone deposits ₹1.5 lakh in this FD, the same amount can be claimed under 80C tax deduction for that year.
Additional JK Bank FD Schemes
Along with normal fixed deposits, Jammu & Kashmir Bank also offers a few special deposit options. These are usually chosen when someone wants a monthly income, automatic savings from an account balance, or long-term planning for children.
| Scheme | Key Idea | Tenure |
|---|---|---|
| Monthly Yield Deposit Scheme (MYDS) | Interest paid monthly for regular income | 1 – 10 years |
| Smart Saver Term Deposit | Extra savings account balance automatically moves into FD | 1 – 10 years |
| Mehandi Deposit Scheme | Long-term deposit for child’s future with insurance cover | 5 – 15 years |
JK Bank NRE & NRO Fixed Deposits
If you are an NRI and want to keep money in India safely, Jammu & Kashmir Bank provides both NRE and NRO fixed deposit options. Both accounts look similar at first, but their purpose, tax rules, and repatriation benefits are different.
As per the latest rate revision effective 11 February 2026, JK Bank currently offers competitive FD rates for NRI customers. These rates apply to fresh deposits as well as renewal of existing deposits below ₹3 crore.
The latest JK Bank NRE & NRO FD Interest Rates (Below ₹3 Crore)
| Tenure | NRE Rate (p.a.) | NRO Rate (p.a.) |
|---|---|---|
| 7 days – 364 days | Not Available | 3.50% – 6.00% |
| 1 year – <18 months | 6.75% | 6.75% |
| 18 months – <2 years | 6.70% | 6.70% |
| 2 years – 887 days | 6.75% | 6.75% |
| 888 days (Special) | 7.25% | 7.25% |
| 3 years – 5 years | 6.65% | 6.65% |
| 5 years – 10 years | 6.60% | 6.60% |
Small thing to remember: NRE deposits must stay for at least 1 year to earn interest. For NRO deposits, shorter tenures like 7 days or 30 days are also allowed. Also, senior citizen extra interest (0.50%) usually applies only to domestic or NRO deposits, not to NRE accounts.
Key Features of JK Bank NRE Fixed Deposits
NRE deposits are mainly used if you want to bring foreign earnings into India and still keep full repatriation flexibility.
- Account can be opened through foreign inward remittance using SWIFT, telegraphic transfer, or demand draft.
- Deposits allowed for 1 year to 3 years tenure.
- Both principal and interest can be freely repatriated in foreign currency.
- Option available for cumulative deposit or quarterly interest payout.
- Interest credited every quarter (March, June, September, December).
- Loans against FD available, usually up to around 90% of the deposit.
- Auto renewal possible, but only if the customer gives written consent.
- Safe deposit locker facility and nomination also available.
Many NRIs prefer NRE FD when their income comes from outside India, because unlike NRO accounts, interest is normally tax-free in India.
Key Features of JK Bank NRO Fixed Deposits
NRO deposits are used when the income is earned inside India, like rent, pension, or business income.
- Account can be opened jointly with other NRIs or Indian residents.
- Interest rates remain competitive and similar to domestic deposits.
- Interest is repatriable after tax deduction, but the principal usually stays in India.
- Interest credited quarterly (March, June, September, December).
- Both reinvestment (cumulative) and quarterly payout options available.
- Premature withdrawal for renewal at a better rate may be allowed under certain conditions.
Unlike NRE accounts, NRO FD interest is taxable in India, and banks generally deduct TDS before crediting interest.
NRE vs NRO Account – Simple Comparison
| Feature | NRE Account | NRO Account |
|---|---|---|
| Purpose | Deposit foreign income | Manage income earned in India |
| Tax on Interest | Tax-free in India | Taxable with TDS |
| Repatriation | Principal + interest fully repatriable | Interest repatriable, principal restricted |
| Joint Holding | With other NRIs | With NRIs or Indian residents |
| Currency | Indian Rupees | Indian Rupees |
Additional Facilities
Both NRE and NRO deposit customers also receive some common banking benefits.
- Loan facility up to around 90% of FD value
- Internet banking and digital access
- Global debit card facility
- Power of Attorney (POA) operation allowed for local transactions
Small insight many NRIs notice: If the money comes from abroad, NRE FD usually makes more sense because tax is not applied on interest in India. But if the income is generated inside India, like rental income, then NRO FD becomes the correct account type.
Questions
What is the FD rate in JK Bank right now?
As of 2026, Jammu & Kashmir Bank offers FD rates from 3.50% to 7.25% p.a. for regular customers below ₹3 crore. The 888-day FD usually gives the highest return.
Which bank gives around 7% interest on FD in India?
Several banks offer around 7% FD return, but JK Bank’s 888-day special tenure currently gives about 7.25% p.a., which many depositors consider competitive compared to typical PSU bank rates.
Does JK Bank give higher FD rates to senior citizens?
Yes. Senior citizens (60+ years) normally receive 0.50% extra interest. For example, if the regular FD rate is 7.25%, senior citizens may earn around 7.75% per year.
Can NRI customers open FD accounts in JK Bank?
Yes, NRIs can open NRE or NRO fixed deposits in JK Bank. As of 2026, NRE FD rates usually range around 6.60%–7.25% per year depending on tenure.
Is there a JK Bank FD calculator available?
Yes, you can estimate maturity value using an FD calculator. By entering deposit amount, rate like 7.25%, and tenure, you can see approximate maturity and interest earnings.
What is special about the JK Bank 888-day FD?
The 888-day deposit is one of the bank’s highest-return tenures. Example: A ₹1 lakh deposit at 7.25% may grow to roughly ₹1.15 lakh after around 2.4 years.
Which bank gives 9.5% interest on FD in India?
Currently, most large banks do not offer 9.5% FD rates. Some small finance banks occasionally offer higher rates such as Unity Bank, but public sector banks usually stay near 6.5%–7.5% range.