Jana Small Finance Bank has launched a comprehensive solution ‘Liquid Plus Fixed Deposit’ with attractive interest rate of 6.75% p.a. for tenures ranging from 7 to 180 days. The rate is applicable for the minimum deposit amount of Rs 10 lakh for retail deposits up to Rs 3 crore and above Rs 3 crore to Rs 200 crore for bulk deposits per customer. The liquid plus fixed deposit makes short term deployment of funds extremely easy and attractive with higher returns. The Bank has taken this step based on the feedback from customers seeking placement of short term funds.
‘Liquid Plus’ is designed to cater to the needs of individuals, high-net-worth individuals (HNIs) and corporates seeking short term investments options with safety, liquidity and assured returns. Apart from offering high interest rates this solution also offers innovative features like T+0 (same day) redemption, availability of partial withdrawal feature and Instant Overdraft facility as required.
Jana Small Finance Bank is a non-banking finance company (NBFC) primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans and gold loans.
