Jana Small Finance Bank has launched a new “Liquid Plus” fixed deposit offering, providing an interest rate of 6.75% per annum for tenures ranging from 7 to 180 days.

This rate applies to a minimum deposit of ₹10 lakhs for retail deposits up to ₹3 crores, and for bulk deposits between ₹3 crores and ₹200 crores per customer.

“Liquid Plus” FD designed to enhance liquidity

This new offering is tailored to meet the needs of individuals, high-net-worth individuals (HNIs), and corporates looking for secure and liquid short-term investment solutions.

Customers can benefit from features like same-day redemption, partial withdrawal options, and an instant overdraft facility. Notably, there are no pre-maturity redemption charges, enhancing the flexibility of the investment.

According to Ajay Kanwal, Managing Director and CEO of Jana Small Finance Bank, the initiative aims to cater to customers looking for effective ways to manage surplus funds through short-term deposits.

Also Read: Mirae Asset Mutual Fund launches two new ETFs: Check key details