Ujjivan Small Finance Bank Offers Up To 7% Returns On FD Post Latest Revision: Check New Rates Here

Published: Wednesday, August 25, 2021, 16:24 [IST]

Ujjivan Small Finance Bank (USFB) offers term deposits with attractive interest rates, flexible tenure ranging from 7 days to 10 years, loan against FD option to both regular as well as senior citizens. Investors can open a fixed deposit account at USFB with a minimum amount of Rs 1000 and in multiples of Rs 100 thereof. Apart from premature closure and partial withdrawal facility, the bank also allows quarterly, half-yearly, annually, and at maturity interest payout options, discounted interest rate for monthly interest pay-out option, 0.5% p.a. additional rate for senior citizens, and so on. USFB also offers a Tax Saver Fixed Deposit scheme where investors are required to stay invested for a lock-in period of 5 years to seek tax benefits under Section 80C of the Income Tax Act, 1961. With effect from 16th August 2021, the bank has revised interest rates on its fixed deposits which are discussed below.

Ujjivan Small Finance Bank Regular Fixed Deposit Interest Rates

For term deposits maturing in 7 days to 29 days and 30 Days to 89 Days, the bank is now offering an interest rate of 2.90% and 3.50%. Ujjivan Small Finance Bank is providing an interest rate 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 year to 2 years, 2 years and 1 day to 3 years, 3 years and 1 day to 5 years and 5 years and 1 day to 10 years the bank is promising an interest rate of 6.00%, 6.50%, 6.25%, and 6.00% to the general public after the most recent 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 3 years	6.50%
3 Years and 1 Day to 5 Years	6.25%
5 Years and 1 Day to 10 Years	6.00%
Source: Bank Website, W.e.f. 16th August 2021

Ujjivan Small Finance Bank Fixed Deposit Interest Rates For Senior Citizens

For a deposit amount of less than Rs 2 Cr, senior citizens will continue to get an additional rate of 0.50% on their deposits compared to the general public. Following are the recent interest rates on FD of Ujjivan Small Finance Bank for senior citizens.

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 3 years	7.00%
3 Years and 1 Day to 5 Years	6.75%
5 Years and 1 Day to 10 Years	6.50%
Source: Bank Website, W.e.f. 16th August 2021

Ujjivan Small Finance Bank NRE Fixed Deposit Interest Rates

With no additional interest rate for senior citizens, USFB offers the following interest rates on NRE deposits of less 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 3 Years	6.50%
3 Years and 1 Day to 5 Years	6.25%
5 Years and 1 Day to 10 Years	6.00%
Source: Bank Website, W.e.f. 16th August 2021