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| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7 - 90 Days | 3.5 % | 3.75 % |
| 91 – 250 Days | 4.75 % | 5 % |
| 252 Days to 1 year | 5.25 % | 5.5 % |
| Above 1 year – up to 3 years | 6 % | 6.5 % |
 Above 3 year – up to 5 years | 6.5 % | 7 % |
| Above 5 year – up to 10 years | 5.5 % | 6 % |
| Tax Saver (Re-investment Plan for 5 years) | 6 % | 6.5 % |
| Tax Saver (Monthly & Quarterly Income Plan for 5 years) | 6 % | 6.5 % |
Short Term Deposit
Monthly Income Plan
Quarterly Income Plan
Re-Investment Plan
Tax Saver Scheme
If you invest in this FD, you are eligible for a tax deduction of up to ₹1.5 lakhs under Section 80C of the Income Tax Act of 1961.
Long Term Subordinated Deposits
251 Days Special
The eligibility criteria to open a fixed deposit at Kalyan Janata Sahakari Bank are as follows:
The following documents are needed to open an FD account in Kalyan Janata Sahakari Bank:
You need to follow the below steps to open a Fixed Deposit in Kalyan Janata Sahakari Bank:
Step 1: Visit the nearest branch of Kalyan Janata Sahakari Bank in which you want to open a fixed deposit account.
Step 2: Fill up the Fixed Deposit Account Form with the necessary details mentioned in the prescribed form, such as name, address, email ID, contact number, PAN, nominee's name, type of account, etc.
Step 3: Enter the fixed deposit tenure in the account opening form.
Step 4: Attach a cheque amount that you need for the fixed deposit. If required, you can transfer that amount through NEFT from another account.
Step 5: Provide the KYC documents after filling up the form. This should include PAN, Address Proof, and Identity Proof.
Step 6: Verification from the bank representative
Step 7: Get the Fixed Deposit Receipt.
The penalty for premature closure of fixed deposits is 1% less than the applicable Kalyan Janata Sahakari FD interest rates. No interest shall be payable if you withdraw your term deposit before 7 days from the investment date.
According to the Income Tax Act of India of 1961, taxpayers can seek deductions under Section 80C if they invest in FDs.
In a given financial year, a taxpayer can avail tax deduction to a maximum of ₹1.5 lakhs from their gross taxable income, provided the following conditions are fulfilled:
When filing the Income Tax Returns (ITR), the taxpayer can provide supporting documents to avail tax benefits on FDs.
Tax Deducted at Source (TDS)
The right time to invest in a fixed deposit depends on the investor's financial goals, risk appetite, and prevailing interest rates. Generally, it is advisable to invest in fixed deposits when the interest rates are high and are expected to remain stable for the investment period.
Fixed deposits are considered to be the safest investment instrument. They come with low risks and offer returns at a fixed rate. Moreover, they have the backing of DICGC insurance, which provides coverage in case the bank fails to pay you the maturity amount.
Yes. ₹5 lakhs DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance cover applies to Kalyan Janata Sahakari Bank FD.
To break your FD at Kalyan Janata Sahakari Bank, follow the steps given below:
You can check the term deposit details through the Kalyan Klick mobile banking application or the bank's Internet Banking portal. It might take up to two working days for the term deposit to get reflected in your account from the date of issue.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
