Ujjivan Small Finance Bank has changed the interest rates on fixed deposits (FD). The new interest rates are applicable from March 7.
New Delhi. Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you. Actually, recently Ujjivan Small Finance Bank has changed the interest rates on Fixed Deposit (FD).
After the revision in interest rates, Ujjivan Small Finance Bank offers interest rates between 3.75 percent to 8.50 percent for general customers. The highest interest rate on a tenure of 15 months is 8.50 percent and the highest interest rate on the same tenure for senior citizens is 9 percent. The new rates are effective from March 7, 2024.
Multiple interest payment options
Deposits above Rs 1 crore and deposits less than Rs 2 crore will only be eligible for the additional interest rate of 0.20 per cent offered by Platina FD. The interest payment options available for Ujjivan SFB are monthly, quarterly and on maturity.
Ujjivan Small Finance Bank Interest Rates (Less than Rs 2 Crore)
7 days to 29 days – 3.75 percent
30 days to 89 days – 4.25 percent
90 days to 179 days – 4.75 percent
6 months to 9 months – 5.50 percent
9 months 1 day to <12 months – 6.50 percent
12 months to <15 months – 8.25 percent
15 months- 8.50 percent
15 months 1 day to 560 days – 8.25 percent
561 days to 989 days – 7.50 percent
990 days – 7.75 percent
991 days to 60 months – 7.20 percent
60 months 1 day to 120 months – 6.50 percent
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