As markets turn volatile, here is what FD interest rates J&K Bank, other banks offer

Ziraat Times Team Report

Srinagar, Mar 16: As markets turn volatile due to the Iran war crisis, both public and private sector banks are wooing customers with competitive interest rates.

As of March 2026, data compiled by Ziraat Times suggests that the Jammu &  Kashmir Bank is offering competitive fixed deposit (FD) interest rates compared with several major public and private sector banks in the country.

Data compiled in recent banking reports show that J&K Bank offers up to 7.25% interest for general depositors on select tenures such as 888 days, placing it among the higher-yielding scheduled commercial banks for medium-term deposits.

How J&K Bank compares with other banks

In comparison, several large private banks offer slightly lower or similar FD rates for comparable tenures:

• HDFC Bank: around 6.45% on select long-term deposits

• ICICI Bank: about 6.50% for multi-year deposits

• Axis Bank: around 6.45%

• Kotak Mahindra Bank: roughly 6.25%–6.40% on similar tenures.

Public sector lenders also largely remain within the 6–6.7% range for standard deposits. For instance:

• State Bank of India offers about 6.05–6.40% on long-term deposits.

• Bank of Baroda offers around 6.25–6.30%.

Senior citizen returns higher

Like most banks, J&K Bank also provides an additional interest benefit to senior citizens, typically 0.5% higher than the standard rate, which can push returns closer to or above 7.75% depending on the tenure.

Industry trend

Across the banking sector, FD rates generally range between 6% and 7.5% among large banks, while some small finance banks offer even higher rates exceeding 9% on select tenures to attract deposits.

Analysts say the current FD rate environment reflects the broader monetary cycle, with banks competing to attract deposits as credit growth continues to remain strong in the economy.

For depositors in Jammu & Kashmir, the rates offered by J&K Bank are seen as relatively attractive compared with many national lenders, especially for medium-term fixed deposits.