Savings Account Interest Rates: This small finance bank has revised its deposit and savings account interest rates for deposits less than Rs 3 crore. The revised interest rates are effective from February 21, 2025.
Ujjivan Small Finance Bank: If you earn profit by depositing money in the bank, then this news is useful for you. Actually, Ujjivan Small Finance Bank has revised its fixed deposit (FD) interest rates and savings account interest rates for deposits less than Rs 3 crore. The revised interest rates are effective from February 21, 2025.
8.75% interest for senior citizens
Ujjivan Small Finance Bank is offering 8.25% interest on FDs for a period of 18 months to general customers. Senior citizens get 8.75% interest for the same period. Earlier, the highest interest rate of 8.25% was offered on a period of 12 months.
Interest Rates on FDs
Ujjivan Small Finance Bank offers FD interest rates of 3.75% for tenures of 7 to 29 days, 4.25% for tenures of 30 to 89 days and 4.75% for tenures of 90 to 180 days. The bank is offering an interest rate of 7% for deposits of 6 months to less than 12 months and 8.10% for deposits of 12 months to less than 18 months. The highest interest rate of 8.25% is offered for tenures of 18 months.
The interest rate on FDs with tenure of 18 months 1 day to 990 days is 7.75%. FDs with tenure of 991 days to 60 months get an interest rate of 7.20%. For long term deposits with tenure of 60 months 1 day to 120 months, the bank is offering an interest rate of 6.50%.
Interest rates on savings account
You also get interest on the balance in your savings account. If your account balance is up to Rs 1 lakh, then you will get 3.25% interest per annum. If your balance is more than Rs 1 lakh but less than Rs 5 lakh, then the interest rate has increased to 5% per annum. You will get 7.25% interest per annum on balance of more than Rs 5 lakh and up to Rs 25 lakh. If your balance is more than Rs 25 lakh, then you can get 7.50% interest per annum.
