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Jana Small Finance Bank has launched a current account with auto-sweep facility. The facility will enable the bank’s existing and potential new customers to auto sweep-in and sweep-out idle funds in the current account to the Sweep Fixed Deposit and earn interest on the funds. For a tenor of 365 days on sweep deposit, customers will be able to earn interest of 8.5 per cent.
Since inception, Jana Small Finance Bank’s sole purpose has been to offer value on the hard-earned money of its customers. In line with this purpose, Jana has been striving to provide products and services that are designed keeping customers in mind.
Rabin Stephen, EVP & Head – MSE (Micro and Small Enterprise) of Jana Small Finance Bank said, “All our products are designed to give the best returns to our customers and current account with auto-sweep facility is no exception. It will enable current account holders to earn up to 8.5 per cent interest on idle funds, while providing the flexibility of using the funds when the need in business arises.”
Currently, Jana Small Finance Bank offers an interest of 9 per cent on a regular fixed deposit and 9.6 per cent on a senior citizen fixed deposit. Besides, the bank is offering 9.25 per cent interest on fixed deposits with no premature withdrawal.
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