Ujjivan Small Finance Bank offers a variety of fixed deposit schemes with competitive interest rates ranging from 2.90% p.a. to 6.75% p.a. for tenures that range from one week up to 10 years. The bank offers a 0.75% additional interest rate to senior citizens.
These are the interest rates for domestic term deposits:
| Tenure | Interest Rate (% p.a.) General Public | Interest Rate (% p.a.) Senior Citizens |
|---|---|---|
| 7 days to 29 days | 2.90% | 3.65% |
| 30 days to 89 days | 3.50% | 4.25% |
| 90 days to 179 days | 4.25% | 5.00% |
| 180 days to less than 1 year | 4.75% | 5.50% |
| 1 year | 6.50% | 7.25% |
| 1 year 1 day to 19 months | 6.00% | 6.75% |
| 1 year to 2 years | 6.60% | 7.35% |
| 2 years and 1 day up to 3 years | 6.50% | 7.25% |
| 990 days | 6.75% | 7.50% |
| 991 days – 3 years | 6.50% | 7.25% |
| 3 years and 1 day up to 5 years | 6.25% | 7.00% |
| 5 years and 1 day up to 10 years | 6.00% | 6.75% |
The interest rates given above are effective from 01 May 2022.
| Tenure | Interest Rate (% p.a.) General Public | Interest Rate (% p.a.) Senior Citizens |
|---|---|---|
| 1 year | 6.90% | 7.65% |
| 1 year 1 day - 19 months | 6.40% | 7.15% |
| 19 months and 1 days – 24 months | 7.00% | 7.75% |
| 2 years and 1 day – 989 days | 6.90% | 7.65% |
| 990 days | 7.15% | 7.90% |
| 991 days – 3 years | 6.90% | 7.65% |
| 3 years and 1 day - 5 years | 6.65% | 7.40% |
The interest rates given above are effective from 01 May 2022.
Ujjivan Bank Tax Saver Fixed Deposit gives you a tax exemption for a maximum deposit of Rs.1.5 lakh per financial year with attractive interest rates and interest payout options on a monthly or quarterly basis or on maturity.
Given below are the interest rates with effect from 01 May 2022:
| Maturity Period | General Public FD interest rate (per annum) | Senior citizen FD interest rate (per annum) |
|---|---|---|
| 5 years | 6.25% | 7.00% |
*The interest rates are subject to change as per the discretion of the bank.
Given below are the NRE fixed deposit interest rates effective from 01 May 2021:
| Tenure | Interest Rate (% p.a.) |
|---|---|
| 1 year | 6.50% |
| 1 year 1 day - 19 months | 6.00% |
| 19 months and 1 days – 24 months | 6.60% |
| 2 years and 1 day – 989 days | 6.50% |
| 990 days | 6.75% |
| 991 days – 3 years | 6.50% |
| 3 years and 1 day - 5 years | 6.25% |
| 5 years and 1 day - 10 years | 6.00% |
Note: There are no additional interest rates for senior citizens
A bank's fixed deposit rates are influenced by several factors such as:
You can decide which is the best tenure for your deposit by calculating how much interest will be accumulated by the interest rates of different tenures. Knowing how much your FD amount will be at maturity can be done easily using an online FD interest rate calculator. All you have to do is enter the deposit amount you wish to invest, the tenure you wish to compare, and the relevant interest rates.
To use an example of a person below the age of 60, suppose you invest Rs.5 lakh with Ujjivan Small Finance Bank for a fixed deposit tenure of 5 years with an interest rate of 6.75% p.a., your FD amount at maturity will be Rs.6.9 lakh, with interest earned being Rs.1.9 lakh. If you invested the same amount for less than one year, with the interest rate being 5.20% p.a., the maturity amount would be Rs.5,26,511, with interest earned being Rs.26,511.
The interest payout options offered by Ujjivan Small Finance Bank for its FD schemes are monthly, quarterly, half-yearly, yearly, and at maturity.
The minimum amount required to open an FD account with Ujjivan Finance Bank is Rs.1,000.
Yes, Ujjivan Small Finance Bank offers the 0.75% p.a additional interest rate to senior citizens across all deposit tenures.
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