Finance News : Ujjivan Small Finance Bank offers up to 7% return on latest revision FD post

Ujjivan Small Finance Bank (USFB) affords time period deposits with enticing rates of interest, versatile tenure starting from 7 days to 10 years, mortgage towards FD choice to each common in addition to senior residents. Investors can open a set deposit account at USFB with a minimal quantity of Rs 1000 and in multiples of Rs 100 thereof. Apart from untimely closure and partial withdrawal facility, the financial institution additionally permits quarterly, half-yearly, yearly, and at maturity curiosity payout choices, discounted rate of interest for month-to-month curiosity pay-out choice, 0.5% p.a. further charge for senior residents, and so forth. USFB additionally affords a Tax Saver Fixed Deposit scheme the place buyers are required to remain invested for a lock-in interval of 5 years to hunt tax advantages below Section 80C of the Income Tax Act, 1961. With impact from sixteenth August 2021, the financial institution has revised rates of interest on its mounted deposits that are mentioned under.

Ujjivan Bank Fixed Deposit Interest Rate

For time period deposits maturing in 7 days to 29 days and 30 Days to 89 Days, the financial institution is now providing an rate of interest of two.90% and three.50%. Ujjivan Small Finance Bank is offering an rate of interest of 4.25% and 4.75% for FDs maturing in 90 days to 179 days and 180 days to 364 days. For deposits maturing in 1 yr to 2 years, 2 years and 1 day to three years, 3 years and 1 day to five years and 5 years and 1 day to 10 years the financial institution is promising an rate of interest of 6.00%, 6.50%, 6.25%, and 6.00% to most of the people after the latest revision.

Tenure Interest Rate (p.a.) (Under Rs. 2 Cr)
7 Days to 29 Days 2.90%
30 Days to 89 Days 3.50%
90 Days to 179 Days 4.25%
180 Days to 364 Days 4.75%
1 Year to 2 Years 6.00%
2 Years and 1 Day to three years 6.50%
3 Years and 1 Day to five Years 6.25%
5 Years and 1 Day to 10 Years 6.00%
Source: Bank Website, W.e.f. sixteenth August 2021

fixed deposit

Ujjivan Bank Fixed Deposit Interest Rate for Senior Citizens

For a deposit quantity of lower than Rs 2 Cr, senior residents will proceed to get an extra charge of 0.50% on their deposits in comparison with most people. Following are the latest rates of interest on FD of Ujjivan Small Finance Bank for senior residents.

Tenure Interest Rate (p.a.) (Under Rs. 2 Cr)
7 Days to 29 Days 3.40%
30 Days to 89 Days 4.00%
90 Days to 179 Days 4.75%
180 Days to 364 Days 5.25%
1 Year to 2 Years 6.50%
2 Years and 1 Day to three years 7.00%
3 Years and 1 Day to five Years 6.75%
5 Years and 1 Day to 10 Years 6.50%
Source: Bank Website, W.e.f. sixteenth August 2021

Ujjivan Small Finance Bank NRE Fixed Deposit Interest Rates

With no further rate of interest for senior residents, USFB affords the next rates of interest on NRE deposits of lower than Rs 2 Cr.

Term Deposits Interest Rate (p.a.) (Under Rs. 2 Cr)
1 Year to 2 Years 6.00%
2 Years and 1 Day to three Years 6.50%
3 Years and 1 Day to five Years 6.25%
5 Years and 1 Day to 10 Years 6.00%
Source: Bank Website, W.e.f. sixteenth August 2021

 

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