Ujjivan Small Finance Bank FD Rates

Ujjivan Small Finance Bank is a small finance bank headquartered in Bengaluru. The bank offers home and vehicle loans, online saving accounts, fixed deposits, recurring deposits and other facilities.
The Fixed Deposits offered by Ujjivan Small Finance Bank have a range of seven days to ten years. The bank provides overdraft facilities and loans against the value of the FD, which can be paid back in monthly instalments. In addition, the bank gives a 0.5% higher interest rate on the Fixed Deposits to the senior citizen customers.

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Ujjivan Small Finance Bank Fixed Deposit Features

The features of Ujjivan Small Finance Bank Fixed Deposits help the customers in multiple ways. The key features are as follows:

  • The minimum amount required to start a fixed deposit in Ujjivan Small Finance Bank is Rs. 1,000. There is no limit as to the maximum amount.
  • Fixed Deposits for a period ranging from 7 days to 10 years are available.
  • Bank provides its customers with an Interest Rate ranging from 3.05% to 6.75% annually on their fixed deposits.
  • The rate of interest on fixed deposits ranges between 3.55% and 7.30% annually in the case of senior citizen customers.
  • RBI’s  Deposit Insurance Scheme provides coverage to the deposits, insuring up to Rs 5 lakh of each depositor by DICGC.
  • Ujjivan Small Finance Bank provides loans against FD without breaking the FD. The loan provided by the Bank is on the Bank's FD and not on an FD of any other bank. The duration of the loan is the maximum duration of FD.
  • Facilities like Regular Fixed Deposits, NRE/NRO FD, and Ujjivan Small Finance Bank Tax Saver Fixed Deposits are available for the customers.

Ujjivan Small Finance Bank FD Rates 2021

Ujjivan Small Finance Bank offers attractive interest rates on fixed deposits to the customers. Senior citizens above the age of 60 years are given better interest rates than the general public. 

Ujjivan Small Finance Bank FD Interest Rates 2021 for both Domestic and NRO Fixed deposits for deposits less than Rs. 2 crore               

Tenure

FD Interest Rate for Regular Citizens

FD Interest Rate for 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 364 days

5.20%

5.70%

1 year to 2 years

6.50%

7.00%

2 years 1 day to 3 years

6.05%

6.55%

3 years 1 day to 5 years

5.80%

6.30%

5 years 1 day to 10 years

6.75%

7.30%

Ujjivan Small Finance Bank FD Interest Rates 2021 for NRE Fixed Deposits

Tenure 

FD Interest Rates

1 Year to 2 Years

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%

*For this category of Fixed Deposits, there are no additional rates for Senior Citizens.

Ujjivan Small Finance Bank Fixed Deposit Rate - Additional Features

Some additional features of Ujjivan small finance bank fixed deposit schemes are:

  • The highest interest rate on fixed deposits is 6.75%, and the lowest interest rate is 3.05%.
  • For senior citizens, the rate of interest is 0.5% more than the general public.
  • The rate of interest on fixed deposits is directly proportional to the tenure of the FD.
  • Customers can deposit money as per their long-term or short-term financial needs and goals.
  • Currently, Ujjivala Small Finance Bank FD rates provide an annual yield of up to 6.75% annually. However, these interest rates are subject to change from time to time.

Summing it Up

Ujjivan Small Finance Bank FD Rates provides decent interest on its Fixed Deposit accounts. Digital Fixed deposit is an impressive facility that lowers the need for tedious paperwork and makes it easier for the customers to start and track their fixed deposits. The Bank provides fixed deposit facilities for both the long and short terms. Therefore, the investor can choose as per his financial goals and decide what is best for him.

Written By: PolicyBazaar - Updated: 12 August 2021
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