Ujjivan Small Finance Bank Hiked Interest Rates On FDs, Now Get Up To 8.75% Interest

Ujjivan Small Finance Bank (SFB) has hiked fixed deposit interest rates under Rs 2 crore, new rates effective from 8 March 2023. The revised interest rates are applicable on various fixed deposit products offered by the bank, which include the Platina fixed deposit, domestic fixed deposits, Sampoorna Nidhi and Recurring Deposits, as well as the Sampoorna Lakshya.

Platina Fixed Deposit - Domestic Scheme

Ujjivan SFB only offers Platina FD rates on deposits totalling more than Rs. 15 lakh and less than Rs. 2 crore. This fixed deposit is offered to all types of consumers, but older persons cannot open Platina deposits. The bank with the hike now offers a minimum of 6.70% and a maximum of 8.65% for the FD period ranging between 12 months to 60 months.

Interest Rates For Platina Fixed Deposit - Domestic Below Rs 2 Cr

TENURE	Interest Rate (p.a.)
12 Months-13 months	6.70%
13 Months 1 Day to 559 Days	8.20%
80 weeks (560 Days)	8.45%
561 Days to 989 Days	7.70%
990 Days	7.95%
991 Days to 60 Months	7.40%

Domestic Fixed Deposits & Sampoorna Nidhi Scheme

The bank is now offering a minimum interest of 3.75% and a maximum interest of 8,25% on regular deposits. The interest rates are applicable on the maturity period of FD ranging from 7 days to 120 months. The customers will continue to get an additional interest of 0.50% over the regular FD rates under this scheme.

Only Fixed Deposits with durations of 80 weeks (560 days) will get the maximum interest rates of 8.25% for the general public and 8.75% for senior citizens.

Interest Rates For Domestic Fixed Deposits & Sampoorna Nidhi Below Rs 2 Cr

TENURE	Interest Rate (p.a.)
7 Days to 29 Days	3.75%
30 Days to 89 Days	4.25%
90 Days to 179 Days	4.75%
6 Months to 9 Months	5.50%
9 Months 1 Day to 13 months	6.50%
13 Months and 1 Day to 559 Days	8.00%
80 Weeks (560 Days)	8.25%
561 Days to 989 Days	7.50%
990 Days	7.75%
991 Days to 60 Months	7.20%
60 months 1 Day to 120 Months	6.50%

Source - Ujjivansfb.in