J&K Bank functions as a universal bank in Jammu & Kashmir and as a specialised bank in the rest of the country. It is also the only private sector bank designated as RBI’s agent for banking business, and carries out the banking business of the Central Government, besides collecting central taxes for CBDT.
Term Deposits (less than 2 crore)
| General | Senior Citizen | |
|---|---|---|
| 7 days to 30 days | ||
| 31 days to 45 days | ||
| 46 days to 90 days | ||
| 91 days to 180 days | ||
| 181 days to 270 days | ||
| 271 days to less than 1 year | ||
| 1 year to less than 2 years | ||
| 2 years to less than 3 years | ||
| 3 years to less than 5 years | ||
| 5 years to 10 years |
* Interest rates last updated on 16th Sep 2022