J&K Bank launches 888-day Term Deposit Scheme with up to 8.05% returns

Ziraat Times Team Report

Srinagar: Jammu & Kashmir Bank has introduced a special 888-day Term Deposit Scheme under its ‘Maha Dhan Samridhi’ campaign, offering rates of interest up to 8.05% per annum.

Marketed under the tagline “A Lucky Number for Your Money,” the scheme promises higher returns for various depositor categories.

Under this limited-period scheme, which is valid till 9th June 2025, the rates of interest (ROI) are structured as follows:

• 8.05% p.a. for Super Senior Citizens (age limit not specified)

• 7.80% p.a. for Senior Citizens (age limit not specified)

• 7.30% p.a. for the General Public

J&K Bank, a trusted financial institution since 1938, is promoting this special deposit product as an ideal investment for individuals looking to safeguard their savings while earning competitive returns over the medium term.

A bank official told Ziraat Times customers can avail of this scheme at all J&K Bank branches or seek assistance via the bank’s toll-free helpline 1800 890 2122.

The scheme is expected to attract retirees, salaried professionals, and risk-averse investors looking for predictable income and financial security amid market volatility.

Terms and conditions apply.