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Ujjivan SFB Modifies Interest Rates On FDs For Domestic, NRO And NRE Deposits

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The interest rates on domestic, NRE, and NRO deposits of uo to Rs 2 Cr have been changed by the private sector lender Ujjivan Small Finance Bank. According to information on the bank's official website, the higher interest rates will be applicable w.e.f December 31, 2021. Fixed deposits of up to Rs 2 crore with varied tenures are eligible for the enhanced interest rates. For older deposits, the updated rates give the maximum interest rate of 7.5 percent for deposit on 990 Days.

 

Ujjivan SFB Interest Rates On Domestic and NRO Fixed Deposits of under Rs 2 Cr.

With effect from 31 December 2021, Ujjivan SFB is offering the following interest rates (p.a) on domestic and NRO deposits.

TENUREInterest Rate (p.a.) (Up To Rs. 2 Crores)
7 Days to 29 Days2.90%
30 Days to 89 Days3.50%
90 Days to 179 Days4.25%
180 Days to 364 Days4.75%
12 Months6.50%
12 Months and 1 Day to 19 Months6.00%
19 Months and 1 Day to 24 Months6.60%
24 Months and 1 Day to 989 Days6.50%
990 Days6.75%
991 Days to 3 Years6.50%
3 Years and 1 Day to 5 Years6.25%
5 Years and 1 Day to 10 Years6.00%

Note - 0.75% additional interest rate is applicable for the senior citizens

 
Ujjivan SFB Modifies Interest Rates On FDs For Domestic, NRO And NRE Deposits

Ujjivan SFB Interest Rates on NRE Fixed Deposit of Under Rs 2 Cr.

With effect from 31 December 2021, Ujjivan SFM is offering the following interest rates (p.a) on NRE Fixed Deposit.

Term DepositsInterest Rate (p.a.) (Up To Rs. 2 Crore)
12 Months6.50%
12 Months and 1 Day to 19 Months6.00%
19 Months and 1 Day to 24 Months6.60%
24 Months and 1 Day to 989 Days6.50%
990 Days6.75%
991 Days to 3 Years6.50%
3 Years and 1 Day to 5 Years6.25%
5 Years and 1 Day to 10 Years6.00%

*Please note that senior citizens do not pay a higher interest rate.
1. NRE deposits tenure is minimum one year.
2. In the event of a pre-closure within one year, no interest or penalty will be charged.
3. In the event of a partial withdrawal within one year, no interest or penalty will be charged on the amount partially withdrawn.

Story first published: Friday, December 31, 2021, 20:10 [IST]
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