Ujjivan Small Finance Bank offers FD interest rates of 3.75-8.25% p.a. to the general public and 4.25-8.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Ujjivan Small Finance Bank Tax Saving FDs is 7.20% p.a. for the general public and 7.70% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers NRE fixed deposits for NRIs. Ujjivan Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.
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*Rates are subject to change as per the bank's discretion.
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Ujjivan Small Finance Bank FD Interest Rates (p.a.) Highlights 2024 |
|
| Highest slab rate | 8.25% (for 1 year) |
| For 1 year | 8.25% |
| For 2 years | 7.75% |
| For 3 years | 7.20% |
| For 4 years | 7.20% |
| For 5 years | 7.20% |
| Tax-Saving FD | 7.20% |
The interest rates are updated as of 17 December 2024
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
|
Tenure |
Interest Rate (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 29 days | 3.75 | 4.25 |
| 30 days to 89 days | 4.25 | 4.75 |
| 90 days to 179 days | 4.75 | 5.25 |
| 6 months to less than 9 months | 7.00 | 7.50 |
| 9 months | 7.50 | 8.00 |
| 9 months 1 day to less than 12 months | 7.00 | 7.50 |
| 12 months | 8.25 | 8.75 |
| 12 months 1 day to 560 days (80 weeks) | 8.00 | 8.50 |
| 561 days to 990 days | 7.75 | 8.25 |
| 991 days to 60 months | 7.20 | 7.70 |
| 60 months 1 day to 120 months | 6.50 | 7.00 |
Note: Additional senior citizen rates is not applicable to NRO deposits.
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rate (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.20 | 7.70 |
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| Tenure | Interest Rate (% p.a.) |
| 12 months | 8.25 |
| 12 months 1 day to 560 days | 8.00 |
| 561 days to 990 days | 7.75 |
| 991 days to 60 months | 7.20 |
| 60 months 1 day to 120 months | 6.50 |
Note: No additional interest rate is offered for senior citizens NRI depositors
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It is always good to know beforehand what to expect from an investment. Be it a risk-taking one like equity mutual funds or a safe investment option like fixed deposits. Therefore, the use of a fixed deposit calculator, like the one available freely at Paisabazaar.com, is highly recommended before putting one’s money in any of the schemes by Ujjivan SFB.
Q. What is the highest Ujjivan Bank FD rate?
The highest FD rate of Ujjivan Small Finance Bank is 8.25% p.a. for a 1-year tenure.
Q. What if the bank defaults? Is it safe to invest in Ujjivan Bank fixed deposits?
Ujjivan Small Finance Bank is listed in the Scheduled Banks by RBI and has a stable credit rating by various credit rating agencies. Also, the deposits made with the bank are covered with Rs. 5 lakh insurance by Deposit Insurance Credit Guarantee Corporation. So if the bank defaults, customers will be given a compensation of Rs. 5 lahks.
Q. Can I online apply for Ujjivan Bank fixed deposits?
Yes. Regular fixed deposits and Tax Saver fixed deposits can be opened online.
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