Is Jana bank FD safe?
Jana Small Finance Bank provides fixed deposits investment facility to its customers. The Bank provides highest interest of 7.55% to its customers. The interest rate provided by Jana Small Finance Bank is comparatively higher than any commercial bank. Also, the FDs are equally safe in this bank.
Which small finance bank is best?
Here are the top 10 small finance banks in India that offer competitive interest rates for fixed deposits:
- Ujjivan Small Finance Bank.
- Jana Small Finance Bank.
- Equitas Small Finance Bank.
- AU Small Finance Bank.
- Capital Small Finance Bank.
- Fincare Small Finance Bank.
- ESAF Small Finance Bank.
- North East Small Finance Bank.
Is small finance bank safe?
There are two major types of private banks – universal banks and small finance banks. Small finance banks generally offer a higher interest rate as compared to the universal banks. Thus, guided and regulated by RBI, it is pretty safe to invest in FDs offered by private and small finance banks.
Is Jana bank approved by RBI?
It is one of the 10 financial institutions which had received in-principal approval from the RBI for a Small Finance Bank in 2015. Jana Small Finance Bank received final banking license in April 2017; it started banking operations on March 28, 2018.