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Term Deposit

Non-cumulative - Fixed Deposit Account

All resident individuals are eligible to open a "Quarterly Income Scheme" account in single/joint name/s.

Salient Feature:-

  • Interest is payable at the contracted rate every quarter on the fixed deposit which is accepted for any period from one year to ten years
  • Interest is paid /credited to the Savings/Current/Cumulative account of the depositor at every Quarter.
  • The deposit can be placed for 15 Day to 120 months
  • Nomination facility is available under this scheme

Cumulative - Fixed Deposit Re-Investment Account

Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Housewives, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a "Fixed Deposit Receipt" Account" in single/joint name/s.

Payment of Interest:

Interest will be paid on quarterly basis and in case the date of interest payment falls on holiday then on the next working day

Payment and Renewal of Deposits Before Maturity

Depositors may request repayment of their deposits before maturity. Repayment of term deposits before maturity is permissible in terms of the directives of the Reserve Bank of India issued from time to time. In terms of the directives, the proviso regarding premature withdrawal of deposits is as follows:

  • In the event of the FDR being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit for the period for which the deposit has remained with the Bank, with premature closure penalty.
  • Provision for nomination.:- Nomination facility is available
  • Rate of Interest:- Rate of interest differs depending upon tenure of the deposits and as and when the Bank changes the rate.


  • Senior citizens are offered additional interest of 0.25 % for deposits placed for 91 Days and above period.
Quick Info

About Jain Bank

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  • The JAIN Cooperative Bank Ltd. offer AADHAR card enabled service. All Customers are advised to link their aadhaar card no. to their Saving Account for receiving GAS and other subsidy from Govt. of India.

  • To avoid inconvenience all the customers are advised to furnish their 12 digit Account number properly for receiving NEFT/RTGS and Govt. Subsidy.

  • As per the RBI Direction and mandatory change made in CTS clearing, all customers are advised to get replaced their old cheque books with new CTS-2010 Standard Cheque Books.

  • Mobile SMS Alert Facility is available to Customers.

  • In terms of provisions of Prevention of Money Laundering Act, 2002(PMLA) and Reserve Bank of India (RBI) guidelines, all customers are advised to submit their KYC Documents into their respective branches to avoid any inconvenience.

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