Bank FD Comparison Tool
Mahindra Finance vs Jana Small Finance Bank Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between Mahindra Finance (Private Sector) and Jana Small Finance Bank (Private Sector).
Mahindra Finance
Private Sector
VS
Jana SFB
Private Sector
Mahindra Finance: Min ₹5,000
Jana SFB: Min ₹1,000
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹5,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Mahindra Finance: % |Jana SFB: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Mahindra Finance
Jana SFB
Highlighted = Your selected tenure
Feature Comparison
Features | Mahindra Finance Private Sector | Jana SFB Private Sector |
|---|---|---|
Minimum FD Amount | ₹5,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Mahindra Finance
Private Sector Bank
Key Advantages:
NBFC with CRISIL AAA/Stable and India Ratings IND AAA/Stable ratings
Senior citizens get +0.25% additional interest for Samruddhi Deposits
Senior citizens get +0.10% additional interest for Dhanvruddhi Deposits (up to 5 Cr)
Employees/Employees' relatives get +0.35% additional rate for Samruddhi Deposits (up to 5 Cr)
Additional 0.05% p.a. on all renewal of deposits (w.e.f. 1st June 2025)
Flexible interest payout options: Monthly, Quarterly, Half-yearly, Yearly
Minimum deposit: ₹5,000
Maximum deposit: ₹5 crores
Tenure: 12 to 60 months
Rates effective from 25th June 2025
Jana Small Finance Bank
Private Sector Bank
Key Advantages:
Small Finance Bank with competitive rates
High FD rates up to 8.00% (5 years)
Senior citizen benefit up to 7.95% (1-2 years)
Special rates for 2-3 year tenure at 8.00% for senior citizens
Digital banking services
Online FD and RD booking available
Minimum FD investment of ₹1,000
Wide network across India with 672+ branches
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between Mahindra Finance (₹5L) + Jana SFB (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose Mahindra Finance If:
- •Minimum amount: ₹5,000
- •Private Sector banking preference
- •NBFC with CRISIL AAA/Stable and India Ratings IND AAA/Stable ratings
- •Senior citizens get +0.25% additional interest for Samruddhi Deposits
- •Senior citizens get +0.10% additional interest for Dhanvruddhi Deposits (up to 5 Cr)
Choose Jana SFB If:
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with competitive rates
- •High FD rates up to 8.00% (5 years)
- •Senior citizen benefit up to 7.95% (1-2 years)
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
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