Ujjivan Small Finance Bank FD: Fixed deposits are the first choice of many people when it comes to investment. Apart from this, the investment in this project is getting huge returns. Find out how much interest you will get in Ujjivan Small Finance Bank at present.
Ujjivan Small Finance Bank FD: Are you thinking of investing in fixed deposits? Usually investing in fixed deposits gives guaranteed returns. As a result many people want to make this investment. Recently small finance banks are offering attractive rates of interest on fixed deposits. Ujjivan Small Finance Bank interest rates have been changed from June 1 this year. As a result you will get more interest on investment in this bank. The revised rates are applicable to Platina FD, Domestic, Recurring Deposits and NRI Fixed Deposits, the bank informed.
Fixed Deposit and Whole Fund Interest Rates
Investing in Ujjivan Small Finance Bank for a tenure of seven days to ten years offers interest rates ranging from 3.75 to 8.25 percent.
According to domestic, NRO and NRE
bank sources, this small finance bank will offer a maximum interest rate of 8.25 percent for regular and NRO customers. You will earn 8.25 percent interest on investment for 12 months and 80 weeks (560 days).
An additional 0.20 percent interest rate is available on investment in this fixed deposit Platina FD . But the minimum amount of investment in this project should be more than 15 lakh rupees. You can invest in this project with a deposit of less than two crore rupees. Remember, investment in this scheme is not callable. That means you cannot withdraw any money from this scheme if needed. Interest rate of 8.45 percent is available on investment in this scheme for 80 weeks and 12 months.
Interest Rate for Senior Citizens
Small Finance Bank offers special benefits to senior citizens. Once you reach the age of 60, you will get an additional 0.50 percent interest on your investment in this bank. That means 8.75 percent interest rate will be earned on the investment for 80 weeks.
Note that this small finance bank also has special schemes to save tax. But your lock in period for that investment is five years. However, many small finance banks are currently offering interest of 9 percent or more on fixed deposits. By investing in Unity Small Finance Bank, you will get maximum interest of 9.5 percent. Fincare Small Finance Bank offers 9.11 percent interest. Jana Small Finance Bank offers 9 percent interest on investments for 366-499 days.
