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Jana Small Finance Bank Launches Current Account With Unique Auto-Sweep Facility

Press Trust of India  |  BENGALURU 

/ -- - Earn interest up to 8.5% on current accounts

- Doorstep Account Opening

Jana Small has launched Current Account with The facility will enable bank's existing and potential new customers to auto sweep-in and sweep-out the idle funds in the current account to Sweep and earn high interest. For a tenor of 365 days on sweep deposit, the customers will be able to earn interest of 8.5 percent.

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Since inception, Jana Small Bank's sole purpose has been to offer value on hard-earned money of its customers. In line with this purpose, Jana has been striving to provide products and services that are truly designed by keeping customers in mind.

Rabin Stephen, - MSE (Micro and Small Enterprise) of Jana Small said, "All our products are designed to give the best returns to our customers and Current Account with is no exception. It will enable current account holders to earn up to 8.5% interest on the idle funds while providing the flexibility of using the funds when the need in business arises."

Currently, Jana is offering an interest rate of 9% on Regular and 9.6% on senior citizen Besides, the bank is offering 9.25on Fixed Deposit with no premature withdrawal.

About Jana Small Finance Bank:

Jana Small Finance Bank, erstwhile Janalakshmi Financial Services, is headquartered in It is one of the 10 financial institutions which had received in-principal approval from for setting up a in 2015.

Established in in 2008, it was the largest (MFI) in India, and was recognized globally as one of the world's innovative financial institutions working on the problem of financial inclusion.

Jana received final license in April 2017 and started operations on March 28, 2018. Under the leadership of its MD & CEO, Ajay Kanwal, Jana Small Finance Bank's vision is to become the leading serving all customer segments and communities of an aspirational

Currently, post transition phase, the bank is enabling its existing 45 lakh customers across 19 states in to access the services. By 2020, the bank aspires to add four million customers.

The bank has deep domain expertise in banking and with the senior management team having 25+ years of average experience in banking sector. Its current employee strength is of 15,000+.

Bengaluru-headquartered Jana Small is regulated by the (RBI).

For more details, please visit - https://

Awards and recognitions

In 2018, Capital Finance International ( adjudged the as the The Best Inclusive - India 2018 in

In 2015, Palladium inducted Janalakshmi into the 2015 Palladium Balanced Scorecard Hall of Fame

In 2016, VC Circle awarded JFS with the 'Best Financial Services firm in India'

In 2017, JFS was featured in 'Fortune - The Top 500' as the largest corporations in India and was awarded as India's Distinctive Goodwill Brand for 2017.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 16:35 IST