• Ujjivan Small Finance Bank FD Rates

    Ujjivan Small Finance Bank offers a variety of fixed deposit schemes with competitive interest rates ranging from 3.05% p.a. to 6.75% p.a. for tenures that range from one week up to 10 years. The bank offers 0.50% additional interest rate to senior citizens.

    Ujjivan Small Finance Bank FD Interest Rates for Deposits Below Rs.2 Crore

    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 3.05% 3.55%
    30 days to 89 days 4.05% 4.55%
    90 days to 179 days 4.80% 5.30%
    180 days to less than 1 year 5.20% 5.70%
    1 year to 2 years 6.50% 7.00%
    2 years and 1 day up to 3 years 6.75% 7.25%
    3 years and 1 day up to 5 years 6.75% 7.25%
    5 years and 1 day up to 10 years 5.80% 6.30%

    The interest rates give above are effective from 5 March 2021

    Interest Rates for Ujjivan Small Finance Bank Tax Saver FD

    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 5 March 2021:

    Maturity Period General Public FD interest rate (per annum) Senior citizen FD interest rate (per annum)
    5 years 5.80% 6.30%

    *The interest rates are subject to change as per the discretion of the bank.

    Ujjivan Small Finance Bank NRO Fixed Deposit Interest Rates for Below Rs.2 Crore

    These are the interest rates for NRO fixed deposit interest rates effective from 5 March 2021:

    Tenure Interest Rate (% p.a.) General Public
    7 days to 29 days 3.05%
    30 days to 89 days 4.05%
    90 days to 179 days 4.80%
    180 days to less than 1 year 5.20%
    1 year to 2 years 6.50%
    2 years and 1 day up to 3 years 6.75%
    3 years and 1 day up to 5 years 6.75%
    5 years and 1 day up to 10 years 5.80%

    Note: There are no additional interest rates for senior citizens

    Ujjivan Small Finance Bank NRE Fixed Deposit Interest Rates for Below Rs.2 Crore

    Given below are the NRE fixed deposit interest rates effective from 5 March 2021:

    Tenure Interest Rate (% p.a.)
    12 months to 24 months 6.50%
    2 years and 1 day to 3 years 6.75%
    3 years and 1 day to 5 years 6.75%
    5 years and 1 day to 10 years 5.80%

    Note: There are no additional interest rates for senior citizens

    Term-wise Ujjivan Small Finance Bank FD Interest Rates

    Ujjivan Small Finance Bank Short-term Deposits

    • The interest rates for FD tenures ranging from seven days to less than one year range from 3.05% p.a. to 5.20% p.a. for the general public with 0.50% additional interest rate for senior citizens.

    Ujjivan Small Finance Bank Medium-term Deposits

    • Medium-term fixed deposits are those that have a tenure ranging from one year to less than 5 years. These have interest rates ranging from 6.50% p.a. to 6.75% p.a. with senior citizens getting an additional 0.50% p.a.

    Ujjivan Small Finance Bank Long-term Deposits

    • The interest rates for long-term deposits ranging from above 5 years to 10 years is 5.80% p.a. with additional interest rates of 0.50% p.a. given to senior citizens.

    Ujjivan Small Finance Bank Fixed Deposits for Senior Citizens

    • For senior citizens, Ujjivan Small Finance Bank offers an additional interest rate of 0.50% p.a. across all tenures which currently ranges from 3.55% p.a. to 7.25% p.a.

    Factors Influencing Ujjivan Small Finance Bank Fixed Deposit Rates

    A bank's fixed deposit rates are influenced by several factors such as:

    • Deposit Tenure: Medium-term and long-term deposit tenures often have higher interest rates than short-term tenures.
    • Depositor's age: Additional interest rate is often offered to those above the age of 60.
    • Economic conditions: The prevailing national and global economic conditions play a role in changing interest rates.

    Calculating Ujjivan Small Finance Bank FD Interest Rates

    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.

    FAQs on Ujjivan Small Finance Bank Interest Rates

    1. What are the interest payout options offered in Ujjivan Small Finance Bank fixed deposit accounts?

      The interest payout options offered by Ujjivan Small Finance Bank for its FD schemes are monthly, quarterly, half-yearly, yearly, and at maturity.

    2. What is the minimum amount required to open an Ujjivan Small Finance Bank FD?

      The minimum amount required to open an FD account with Ujjivan Finance Bank is Rs.1,000.

    3. Does Ujjivan Small Finance Bank offer senior citizens the additional interest rate for all tenures?

      Yes, Ujjivan Small Finance Bank offers the 0.50% p.a. additional interest rate to senior citizens across all deposit tenures.

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