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The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR (B) fixed deposits. Jammu & Kashmir Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), and Australian Dollar (AUD). The bank accepts RFC fixed deposits in USD, GBP, EUR and JPY.
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J&K Bank FD Interest Rates (p.a.) Highlights |
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| Highest slab rate | 7.00% (for 888 days) |
| For 1 year | 6.50% |
| For 2 years | 6.75% |
| For 3 years | 6.65% |
| For 4 years | 6.65% |
| For 5 years | 6.60% |
| Tax-Saving FD | 6.60% |
The interest rates are updated as of 27 January 2026
Book FDs at Interest rate upto 8.00% p.a
Manage all FDs in one place
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J&K Bank FD Rates
Fixed Deposit Rates on Domestic/NRO/NRE deposits of less than Rs 3 crore w.e.f. 11 January 2026
| Tenure | Interest Rates (% p.a.) | |
| Days/Years | Regular Citizens | Senior Citizens |
| 7 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 90 days | 5.00 | 5.50 |
| 91 days to 180 days | 5.10 | 5.60 |
| 181 days to 270 days | 5.90 | 6.40 |
| 271 days to less than 1 year | 6.00 | 6.50 |
| 1 year to less than 18 months | 6.50 | 7.00 |
| 18 months to less than 2 years | 6.70 | 7.20 |
| 2 years to 887 days | 6.75 | 7.25 |
| 888 days | 7.00 | 7.50 |
| 889 days to less than 3 years | 6.75 | 7.25 |
| 3 years to less than 5 years | 6.65 | 7.15 |
| 5 years to 10 years | 6.60 | 7.10 |
Notes: 1. The minimum tenure of NRE deposits is 1 year
2. Additional senior citizen interest rates are not applicable to NRO and NRE deposits
Jammu & Kashmir Bank Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years – 10 years | 6.60 | 7.10 |
Interest Rates on FCNR(B) deposits w.e.f. 10 December 2026
| Currency/Period | Interest Rates (% p.a.) | ||||
| 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only | |
| USD | 4.50 | 3.70 | 3.55 | 3.30 | 3.30 |
| GBP | 4.15 | 3.30 | 3.15 | 3.15 | 3.15 |
| EUR | 2.75 | 2.35 | 0.60 | 0.60 | 0.60 |
| JPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CAD | 3.45 | 2.70 | 2.70 | 0.00 | 0.00 |
| AUD | 3.30 | 2.80 | 2.80 | 0.00 | 0.00 |
Interest Rates on RFC deposits w.e.f. 10 January 2026
| Period/Currency | Interest Rates (% p.a.) | |||
| USD | GBP | EUR | JPY | |
| 1 month to less than 6 months | 1.84 | 1.94 | 0 | 0 |
| 6 months to less than 1 year | 1.79 | 2.02 | 0 | 0 |
| 1 year to less than 2 years | 4.50 | 4.15 | 2.75 | 0 |
| 2 years to less than 3 years | 3.70 | 3.30 | 2.35 | 0 |
| 3 years | 3.55 | 3.15 | 0.60 | 0 |
Types of J&K Bank FD Schemes
Fixed Deposit Receipt (FDR)
- This is a non-cumulative term deposit scheme wherein simple interest is paid on a quarterly basis
- Minimum deposit amount: Rs 100
- Tenure: 7 days to 10 years
- Loan facility is available
Cash Certificate Scheme
- This is a cumulative term deposit scheme wherein compound interest is paid at maturity
- Minimum deposit amount: Rs 1,000
- Tenure: 7 days to 10 years
- Interest application: Quarterly compounding basis
- Depositors can avail loan against 90% of the deposit amount plus interest accrued
Mehandi Deposit Scheme
- In this scheme, FD can be opened in the name of minors jointly with their parents/ guardian
- Deposit amount: depends on tenure and maturity amount chosen
- Tenure: 5, 7, 10, 12 or 15 years.
- Maturity amount: Rs 25,000, Rs 50,000 or Rs 1 lakh
- Interest application: quarterly compounding basis
- Interest pay-outs: On maturity
- Depositor can get an Accidental Insurance Cover (linked to maturity amount) for parent or guardian
- Loan facility is available for up to 90% of the deposit amount and interest accumulated
Tax Saver Term Deposit Scheme
- Deposits under this scheme are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- Minimum deposit amount: Rs 1,000
- Tenure: 5 years to 10 years
- The following three options are available under the tax saver scheme:
- Option I (TSTDS –I): The simple interest is applied on a quarterly basis as in the case of an FDR and is paid to the customer in cash or credited to his /her account every quarter.
- Option II (TSTDS –II): Here, discounted simple interest is paid to the customer in cash or credited to his /her account at the end of every month.
- Option III (TSTDS –III): Here, compound interest is paid along with the principal at the time of maturity.
- Loan facility is not available
Smart Saver Term Deposit Scheme (SDD)
- The scheme offers sweep facility wherein the balance above the floor level in the operative account (current deposit or savings bank) is auto-swept & converted into fixed deposits
- Core term deposit amount: Rs 25,000 and thereafter in multiples of Rs 1,000 as core deposit
- Tenure
- Core deposit: 1 year to 10 years
- Linked deposits: 180 days
- Floor Balance & Sweep Facility
- Savings Bank Accounts: Minimum threshold balance: Rs 5,000 and thereafter in multiples of Rs 10,000. In case of high-end Savings Bank Accounts, like “J & K Bank Special Bachat Deposit Scheme etc, auto sweep facility will operate beyond the threshold balance of Rs 10,000 or the prescribed AMB whichever is higher.
- Current Accounts: Minimum threshold balance: above Rs 25, 000 or the prescribed AMB in the particular Current Account Variant whichever is higher
- Reverse Sweep: Balances in the linked deposits (not the Core Deposit) will be available for clearing of debit instruments (standing instructions, ATM transactions, cheques etc) in case the balance in the operative account is not sufficient for clearing the transaction/instrument.
Monthly Yield Deposit Scheme
- Minimum deposit amount: Rs 1,000
- Tenure: 1 year to 10 years
- Interest application: Simple interest (discounted)
- Interest payout: Monthly
Child-care Deposit Scheme
- Depositors can open accounts with the combination of fixed deposits and recurring deposits for the following 3 years:12, 16 or 20 in two phases. Phase 1 would comprise of RD of 7, 5, or 10-year tenures and then, the maturity proceeds of Phase 1 would be used for opening cash certificates of 5, 7 or 10 year tenures
- Monthly installment: Rs 100
- Interest application: Quarterly compounding basis
- Interest payout: On maturity
- Accidental insurance cover for the parent/guardian is offered to the depositors (linked to the size of monthly deposit amount)
Depositor’s Pension Scheme
- Monthly deposit amount: Rs 25 & thereafter in multiples of Rs 25, Rs 50 or Rs 100
- Depositors can open accounts with a combination of fixed deposits and recurring deposits to generate regular income in two phases. Phase 1 would comprise of RD of 84, 105 or 111 months and then, the maturity proceeds of Phase 1 would be used for generating monthly income/payouts.
- Interest calculation
- Phase I: Quarterly Compounding
- Phase II: Simple interest
Premature Withdrawal of Fixed Deposits
- The interest on premature withdrawal will be paid at 0.50% below the interest rate applicable for the duration the FD(s) remained with the bank.
- No interest will be paid on FD(s), which remained with the bank for a tenure of less than 7 days.
- Premature withdrawal of fixed deposits is not allowed in the Tax Saver Term Deposit Scheme.
J&K Bank FD Calculator
Investing in a fixed deposit is a sound choice to make in order to earn returns on one’s surplus funds. However, it is quite imperative to get an estimated picture of the amount customers shall get on pooling their money in an FD like J&K Bank fixed deposit scheme. For this, the FD calculator available on Paisabazaar.com can be put to use. Customers only have to fill in the principal amount, period of investment, and the prevailing J&K Bank FD rates and the tool shall do its job within seconds.
FAQs
Q. What is the highest J&K Bank FD rate available to the investors?
A. Currently, the highest FD rate of J&K Bank is 7.00% p.a. on a tenure of 888 days.
Q. What is Auto Sweep?
A. Auto sweep is a facility that is enabled in those fixed deposits that are linked with a bank account (savings account / current account). Once the account balance is more than the set threshold amount in the savings account, the excess amount is transferred to the linked fixed deposit, and the investor ends up earning higher interest as the ROI of FD is higher than that of a savings account.
Q. What is Reverse Sweep?
A. In times of need, if the account holder requires extra money to honour withdrawals or other urgencies, a reverse sweep facility lets one transfer the amount from the fixed deposit scheme to the savings account.
Q. Who can open a fixed deposit account with J&K Bank?
A. Resident individual(s), as well as the members of HUFs, are eligible to invest in fixed deposits with J&K Bank.
Q. Are J&K Bank FD rates the same for schemes with withdrawal options and without?
A. No. The fixed deposit rates of J&K Bank are different for schemes with and without a withdrawal facility. Click here to compare J&K Bank FD interest rates.
Q. Can a senior citizen apply for a non-withdrawal deposit?
A. J&K Bank does not extend this service to senior citizens.
Q. How often do J&K Bank FD interest rates change?
A. Depending on various factors including change in the repo rate by the central bank, i.e. RBI, J&K Bank FD rates can change with no set frame of time and prior notice to the customers.
Q. Do a change in FD rates of J&K Bank affect existing investors of the bank?
A. Change in J&K Bank FD interest rates is applicable only to new investors and those whose FDs are up for renewals.