Ujjivan Small Finance Bank RD Interest Rates

What is Ujjivan Small Finance Bank Recurring Deposit?

Ujjivan Small Finance Bank Recurring Deposit allows you to invest a certain amount within a month. The minimum deposit of ₹100 is required to start an RD. Deposits are made in multiples of ₹100. The tenure is between 6 months and 10 years. The interest accrues on each instalment of the deposit. Previous deposits receive better returns. The RD interest rate is calculated on a periodic basis according to the bank's standards.

Ujjivan Small Finance Bank RD Interest Rates

The following table provides RD interest rates across different tenures:

*Ujjivan Small Finance Bank RD Interest Rates w.e.f. August 5, 2025

Types of Ujjivan Small Finance Bank Recurring Deposit

Below are the recurring deposit options offered by Ujjivan Small Finance Bank:

1. Sampoorna Lakshya

   Sampoorna Lakshya is a recurring deposit scheme that allows you to save towards certain financial goals through discipline in monthly deposits. The tenure available to you is 3 months and up to 120 months, which means it is both short-term and long-term. The minimum goal value is ₹3,000, which can be multiplied by ₹1,000. The scheme also provides zero-penalty in case of premature closure after 6 months, which gives it added flexibility.

2. Ujjivan SFB Regular Recurring Deposit

   The Regular Recurring Deposit is a standard RD scheme. It allows fixed monthly investments with a minimum deposit of ₹100 and in multiples of ₹100 thereafter. The tenure ranges from 6 months to 10 years, offering stable returns with simple and structured savings.

Key Features of Ujjivan Small Finance Bank RD

The Ujjivan Small Finance Bank Recurring Deposit has a number of features that favour regular saving habits:

• Standing Instruction Facility: Ujjivan Small Finance Bank offers a standing instruction facility for RD. It allows automatic payment of monthly instalments in the linked account and, therefore, deposits are made on time without the need for manual payments.
• Premature Withdrawal Facility: Ujjivan Small Finance Bank RD premature withdrawal will enable you to close your recurring deposit before the maturity date. This is subject to applicable terms and conditions and interest is calculated as per bank policies.
• Delayed Instalment Facility: Deposits may still be made prior to maturity in the event of defaulted instalments. Penalties or charges can be imposed as per bank norms.
• Senior Citizen Benefit: Ujjivan Small Finance Bank senior citizen RD rates come with a special interest of 0.50% p.a. on top of the normal rates and this boosts returns among the qualified investors.
• Loan against RD: Ujjivan Small Finance Bank loan against RD gives you the opportunity to borrow money out of your recurring deposit without closing that deposit and yet earn interest on the invested amount.

How to Open a Ujjivan Small Finance Bank RD

You can open an RD online through internet banking or the mobile banking app by following these steps:

Online Method

To open an RD online with internet banking or using the mobile banking app, you need to do the following steps:

• Log in to Banking Platform: Access your account through internet banking or the mobile banking app.
• Select RD Option: Click on the deposits section and select recurring deposit option.
• Enter Deposit Details: Enter the amount to be paid as an instalment per month and the tenure preferred.
• Select Linked Account: Select your Ujjivan Small Finance Bank savings account and the instalments will be auto-debited.
• Review and Submit: Verify all details and confirm the request.
• Receive Confirmation: Your RD account is created and confirmation details are shared.

Offline Method

You can also open an RD by visiting the nearest bank branch and completing the process manually:

• Visit Branch: Go to the nearest Ujjivan Small Finance Bank branch.
• Fill Application Form: Complete the recurring deposit application form with required details.
• Submit Documents: Provide necessary KYC documents such as identity and address proof.
• Select Payment Mode: Choose between auto-debit or manual instalment payment.
• Deposit First Instalment: Pay the first instalment to initiate the RD.
• Get Account Details: Receive confirmation and RD account information from the bank.

Eligibility Criteria for Ujjivan Small Finance Bank RD

Ujjivan Small Finance Bank has set simple eligibility criteria for opening a recurring deposit account.

• Eligible Applicants: an RD can be opened by individuals, a joint account holder or even by a minor (with a guardian). Organisations, firms and companies are also eligible.
• Age Requirement: The age is not obligatory. Minors are allowed to open an account under the control of a parent or legal guardian.
• Documentation: You are required to submit acceptable KYC documents such as identity documentation, address documentation and photographs as required by the bank.
• Bank Account Requirement: It requires a savings or current account in Ujjivan Small Finance Bank for monthly instalments and other transactions.

Key Takeaways

The recurring deposit offered by Ujjivan Small Finance Bank is a systematic savings scheme with an interest rate of 5.50 to 7.45% per annum. The minimum amount required is a multiple of ₹100 and the term is 6 months-10 years. The RD calculator is also able to compute returns, and a savings account, with a loan against RD, enables saving to be flexible.