Kalyan Janata Sahakari Bank Fixed Deposit

The fixed deposit realm is filled with multiple banks offering schemes tailored to an investor's needs. Kalyan Janata Sahakari Bank stands out with its rich heritage and unwavering commitment to its patrons.

With a range of fixed deposit types, this bank ensures something for everyone. Let's delve deep into the vast offerings of Kalyan Janata Sahakari Bank FDs.

• Short Term Deposit
• Monthly Income Plan
• Quarterly Income Plan
• Re-Investment Plan
• Tax Saver Scheme
• Long Term Subordinated Deposits
• 251 Days Special

• Period: The FD with Kalyan Janata Sahakari Bank ranges from 7 days to 10 years.
• Convenient: Open hassle-free FD using online banking in a few minutes.
• DICGC insurance: The amount invested with the bank is covered by Deposit Insurance and Credit Guarantee Corporation (DICGC) for the total sum of ₹5 lakhs.
• Minimum amount: Fixed deposits can be opened with an investment of ₹5,000 and for tax saver FD as low as ₹100.Preference to senior citizens: Additional interest rate for senior citizens.
• Nomination facility: Depositors can nominate beneficiaries for their investments.

Short Term Deposit

• Minimum investment: ₹5,000
• Maximum investment: No upper limit. 
• Scheme tenure: 7 days to less than 365 days
• Senior citizens receive an additional interest rate.
• Premature withdrawal is allowed with an applicable penalty.
• You can avail a loan under this scheme of up to 90% of the deposit amount.
• The auto-renewal facility is available with this deposit.
• A nomination facility is available.

Monthly Income Plan

• Minimum investment: ₹5,000 and in multiples of ₹1,000.
• Maximum investment: No upper limit.
• Scheme tenure: 1 year to 10 years.
• The bank will pay the interest monthly.
• Senior citizens receive an additional interest rate.
• Premature withdrawal is allowed with an applicable penalty.
• You can avail a loan under this scheme of up to 90% of the deposit amount.
• The auto-renewal facility is available with this deposit.
• A nomination facility is available.

Quarterly Income Plan

• Minimum investment: ₹5,000 and in multiples of ₹1,000.
• Maximum investment: No upper limit.
• Scheme tenure: 1 year to 10 years.
• The bank will pay the interest quarterly.
• Senior citizens receive an additional interest rate.
• Premature withdrawal is allowed with an applicable penalty.
• You can avail a loan under this scheme of up to 90% of the deposit amount.
• The auto-renewal facility is available with this deposit.
• A nomination facility is available.

Re-Investment Plan

• Minimum investment: ₹5,000 and in multiples of ₹1,000.
• Maximum investment: No upper limit.
• Scheme tenure: 1 year to 10 years.
• The interest is compounded quarterly, and the bank pays the accumulated interest and the principal amount at maturity.
• Senior citizens receive an additional interest rate.
• Premature withdrawal is allowed with an applicable penalty.
• You can avail a loan under this scheme of up to 90% of the deposit amount.
• The auto-renewal facility is available with this deposit.
• A nomination facility is available.

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.

• Minimum investment: ₹100
• Maximum investment: ₹1.5 lakhs per annum.
• Scheme tenure: 5 years.
• Lock-in period: 5 years.
• You can opt for monthly, quarterly or on-maturity payout options.
• Senior citizens receive an additional interest rate.
• Premature withdrawal is not allowed under this scheme.
• You cannot avail of any loan or overdraft on this deposit.
• The auto-renewal facility is available with this deposit.
• A nomination facility is available.

Long Term Subordinated Deposits

• Minimum investment: ₹10,000 and in multiples of ₹5,000.
• Maximum investment: ₹25 lakhs for individuals and ₹50 lakhs for other than individuals.
• Scheme tenure: 5 years.
• You can opt for monthly, quarterly or on-maturity payout options.
• Senior citizens receive an additional interest rate.
• Premature withdrawal is not allowed under this scheme.
• You cannot avail of any loan or overdraft on this deposit.
• DICGC coverage is not applicable. 
• The auto-renewal facility is not applicable.
• A nomination facility is available.

251 Days Special

• Minimum investment: ₹5,000 and in multiples of ₹100.
• Maximum investment: No upper limit.
• Scheme tenure: 251 Days (days may vary & will be notified while
• launching scheme)
• This is a special scheme that is activated in the Ganeshotsav period only.
• Senior citizens receive an additional interest rate.
• Premature withdrawal is allowed with an applicable penalty.
• You can avail a loan under this scheme of up to 90% of the deposit amount.
• The auto-renewal facility is available with this deposit.
• A nomination facility is available.

Nationality: Indian
Age: 18 and above

Applicant Type:

• Resident individuals, 
• Associations, 
• Trusts, 
• Hindu Undivided Families (HUF), 
• Clubs, 
• Societies, 
• Firms (proprietorship/partnership), 
• Public or Private limited companies, 
• Institutions permitted by RBI, etc.

Identity Proofs

• Passport
• Driving licence
• Aadhaar card
• Voter ID card

Address Proofs

• Voter ID card
• Electricity bill
• Passport
• Driving licence
• Aadhaar Card

Others:

• PAN Card
• Form 60, if a PAN card is not available
• Recent passport-size photograph.

• Visit the nearest branch of Kalyan Janata Sahakari Bank.
• Fill up the Fixed Deposit Account Form with necessary details.
• Enter the fixed deposit tenure in the account opening form.
• Attach a cheque amount for the fixed deposit.
• Provide the KYC documents after filling up the form.
• Verification from the bank representative.
• 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 is payable if the term deposit is withdrawn before 7 days from the investment date.