The Janalaxmi Co-operative Bank Ltd. interest rates · November 2026
Janalaxmi Bank FD rates
All tenures, calculator and comparison →What will my FD earn at Janalaxmi Bank?
Overview
The Janalaxmi Co-operative Bank Ltd. (Janalaxmi Bank) is an urban co-operative bank (UCB), headquartered in Nashik, established in 1978. Its headline 1-year FD rate of 7.05% is 0.40% above the urban co-operative bank average of 6.65%, ranking #289 of 1033 banks on RateScan.in.
Rates as of 1 Aug 2025, verified from official source. Urban co-operative bank, regulated by RBI and the state Registrar of Co-operative Societies: deposits insured by DICGC up to ₹5,00,000. One of 961 co-operative banks whose rates we checked at the source in the last 7 days.
RBI record
Every RBI press release since 1 Jan 2024 that names The Janalaxmi Co-operative Bank Ltd., newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹59.90 lakh
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Constitution of Board of Management (BoM) in Primary (Urban) Co-operative Banks (UCBs)’, ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and specific order issued by RBI under ‘Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs)’”
What RBI found
“The bank had (i) failed to constitute a Board of Management within the extended timeline granted by RBI; (ii) sanctioned credit facilities to its nominal members in excess of the prescribed limit; and (iii) opened/renewed term deposits at interest rates, higher than those offered by the State Bank of India for the same tenor.”
RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
25 branches in 4 districts
Most branches: Nashik 21, Mumbai 2, Jalgaon 1
From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.
Janalaxmi Bank rates
Every rate, tenure by tenure, and what your money grows to.
Janalaxmi Bank Fixed Deposit rate changes
Changes to Janalaxmi Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 1 Nov 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
No change to Janalaxmi Bank's fixed deposit (FD) rates has been recorded since tracking started on 1 Nov 2026.
Good to know
- Deposits with The Janalaxmi Co-operative Bank Ltd. are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- Janalaxmi Bank is an urban co-operative bank. Co-operative banks are regulated by the RBI together with the state registrar of co-operative societies; check that the bank is covered by DICGC before depositing.
- Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Janalaxmi Bank, depending on the tenure.
Informational only. Always confirm the current rate on the official Janalaxmi Bank website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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