Ujjivan Small Finance Bank FD Interest Rates (p.a.) Highlights 2022 | |
| Highest slab rate | 6.75% (for 990 Days) |
| For 1 year | 6.50% |
| For 2 year | 6.60% |
| For 3 year | 6.50% |
| For 4 year | 6.25% |
| For 5 year | 6.25% |
| Tax-Saving FD | 6.25% |
Ujjivan Small Finance Bank FD Rates
Fixed Deposit Rates for Domestic / NRO of less than Rs 2 crore w.e.f. 31st December 2021
| Tenure | Interest Rate (p.a.) | |
| Regular Citizens | 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 364 Days | 4.75% | 5.50% |
| 12 Months | 6.50% | 7.25% |
| 12 Months and 1 Day to 19 Months | 6.00% | 6.75% |
| 19 Months and 1 Day to 24 Months | 6.60% | 7.35% |
| 24 Months and 1 Day to 989 Days | 6.50% | 7.25% |
| 990 Days | 6.75% | 7.50% |
| 991 Days to 3 Years | 6.50% | 7.25% |
| 3 Years and 1 Day to 5 Years | 6.25% | 7.00% |
| 5 Years and 1 Day to 10 Years | 6.00% | 6.75% |
Ujjivan Small Finance Bank Tax Saver Deposit
| Tenure | Regular Citizens | Senior Citizens |
| 5 years | 6.25% | 7.00% |
NRE Fixed Deposit Interest Rates of Less Than Rs.2 crores w.e.f. 31st December 2021
| Tenure | Interest Rate (p.a.) |
| 12 Months | 6.50% |
| 12 Months and 1 Day to 19 Months | 6.00% |
| 19 Months and 1 Day to 24 Months | 6.60% |
| 24 Months and 1 Day to 989 Days | 6.50% |
| 990 Days | 6.75% |
| 991 Days 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% |
Note: No Additional Interest Rate for Senior Citizens
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Types of Ujjivan Small Finance FD Schemes
Regular Fixed Deposits
- Minimum deposit amount: Rs 1,000
- Tenure:7 days to 10 years
- Depositors can opt for quarterly, half-yearly, annually payout options or keep investing till maturity
- In case of monthly interest pay-out option, the interest will be paid monthly at a discounted rate over the standard fixed deposit rate
- Partial withdrawal and premature closure facility are allowed
- FD can be opened at Centre meetings (Maximum amount: Rs 15,000), at branch premises or through mobile and internet banking
- Additional 0.75% p.a. is offered to senior citizens FD depositors
Tax Saver Fixed Deposits
- Deposits under this scheme are eligible for tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- Members of HUF and Indian residents are eligible
- Deposit amount:Minimum- Rs 1,000; Maximum: Rs 1.5 lakhs
- Tenure:5 years (lock in period)
- Quarterly or monthly (at a discounted rate) interest payout options are available
- Depositor also have the option of receiving interest payout at maturity
Digital Fixed Deposit
- Depositors can open a standalone fixed deposit without opening a savings account
- Tenure:6 months to 10 years
- FD can be opened without any paper work. Only Aadhaar card and PAN card is required for instant FD opening
- Depositors can fund the FD accounts through Net Banking/UPI/Debit Card
- Premature withdrawal is allowed after 6 months without penalty
- Depositor can get an FD advice on their registered email id within 24 hours of FD account opening
Sampoorna Nidhi Fixed Deposit
- In this scheme, interest is calculated monthly and credited to depositor’s linked bank saving or current account
- Minimum deposit amount:Rs 25,000 and in multiples of Rs 1,000
- Tenure: 1 year to 5 years in multiples of 1 year
- Premature withdrawal is allowed after 6 months without penalty
- Additional 0.75% p.a. is offered to senior citizens FD depositors
- Auto renewal facility is available
- Depositor can get Sampoorna Nidhi advice on their registered email id within 24 hours of FD account opening
NRE Fixed Deposits
- Minimum deposit amount:Rs 5,000 and in thereafter multiples of Rs 1,000
- Tenure:1 year to 10 years
- Depositors can opt for quarterly, monthly or half-yearly payout options
- Depositor also have the option of receiving interest payout at maturity
- In case of monthly interest pay-out option, the interest will be paid monthly at a discounted rate over the standard fixed deposit rate
- Partial withdrawal and premature closure facility is allowed
NRO Fixed Deposits
- Minimum deposit amount:Rs 5,000 and in multiples of Rs 1,000
- Tenure:7 days to 10 years
- Depositors can opt for quarterly, monthly or half-yearly payout options
- Depositor also have the option of receiving interest payout at maturity
- In case of monthly interest pay-out option, the interest will be credited at a discounted rate over the standard FD rate
- Partial withdrawal and premature closure facility is available
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Ujjivan Bank – FD Calculator
It is always good to know beforehand what to expect from an investment. Be it a risk-taking one like equity mutual funds or a safe investment option like fixed deposits. Therefore, the use of a fixed deposit calculator, like the one available freely at Paisabazaar.com, is highly recommended before putting one’s money in any of the schemes by Ujjivan SFB.
FAQs
Q. What is the highest Ujjivan Bank FD rate?
Currently, 6.75% for 990 days is the highest one can fetch from Ujjivan Small Finance Bank FD rates.
Q. What if the bank defaults? Is it safe to invest in Ujjivan Bank fixed deposits?
Ujjivan Small Finance Bank is listed in the Scheduled Banks by RBI and has a stable credit rating by various credit rating agencies. Also, the deposits made with the bank are covered with Rs. 5 lakh insurance by Deposit Insurance Credit Guarantee Corporation. So if the bank defaults, customers will be given a compensation of Rs. 5 lakh.
Q. Can I online apply for Ujjivan Bank fixed deposits?
Yes. Regular fixed deposits and Tax Saver fixed deposits can be opened online. Click here to know how to online apply for Ujjivan Bank fixed deposits.