Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.
Jammu & Kashmir Bank (J&K Bank) is a private sector bank, headquartered in Srinagar, established in 1938. Its headline 1-year FD rate of 6.55% is 0.08% above the private sector average of 6.47%, ranking #583 of 1033 banks on RateScan.in.
Figures marked “approx.” are rounded public estimates as of 2024.
Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.
Rates as of 10 Nov 2026, verified from official source. Scheduled private sector bank: deposits insured by DICGC up to ₹5,00,000.
Every RBI press release since 1 Jan 2024 that names Jammu & Kashmir Bank, 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.
RBI fined the bank ₹99.30 lakh
RBI's reason: “for contravention of the provisions of section 26A of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Internal Ombudsman Scheme 2018’, ‘Customer Service in Banks’, and ‘Know Your Customer (KYC) Directions’”
“The bank did not escalate certain complaints that were partly / wholly rejected by its internal grievance mechanism to the Internal Ombudsman for a final decision; The bank did not send final letters to its customers regarding redressal of their complaints and thereby failed to ensure that customers were made aware of their rights to approach Banking Ombudsman in case they were not satisfied with the bank’s response; The bank did not transfer eligible amount in certain accounts to Depositor Education and Awareness (DEA) Fund within the stipulated period; and The bank did not have a face matching technology in Video-based Customer Identification Process (V-CIP) and also failed to confirm the economic and financial profile/information submitted by the customer during the V-CIP.”
RBI says: “This action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
RBI fined the bank ₹3,31,80,000
RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)’, ‘Know Your Customer’ and ‘Loans and Advances - Statutory and Other Restrictions’”
“The bank allowed certain BSBDA holders to also open Savings Bank Deposit Accounts; The bank did not identify beneficial owner for opening accounts of certain Legal Persons, who were not natural persons; The bank allowed operations in certain small accounts that did not meet the regulatory requirements; and The bank sanctioned a working capital demand loan to a Corporation against amounts receivable by way of subsidies from Government.”
RBI says: “The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction 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.
1,162 branches in 89 districts
Most branches: Srinagar 122, Jammu 121, Anantnag 90
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.
Every rate, tenure by tenure, and what your money grows to.
Changes to J&K Bank's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 9 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.
Informational only. Always confirm the current rate on the official J&K 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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