Ujjivan Small Finance Bank Senior Citizen RD Interest Rates

What is the Ujjivan Small Finance Bank Senior Citizen RD?

Ujjivan Small Finance Bank Senior Citizen Recurring Deposit (RD) is a savings scheme offered to people 60 years and older. It allows a fixed monthly investment with a higher interest rate. The tenure is between 6 months and 10 years. You can start with ₹100 per month and continue in multiples of ₹100 thereafter.

RD interest rates are calculated on each monthly instalment separately. Earlier instalments earn interest for a longer period, which increases overall returns. Interest is applied at regular intervals as per bank guidelines, helping savings grow steadily over time.

Ujjivan Small Finance Bank RD Rates for Senior Citizens

Below is a structured overview of RD interest rates for senior citizens across different tenures:

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

Key Features of Ujjivan Small Finance Bank Senior Citizens RD

Below are the key features of Ujjivan small finance bank senior citizens RD

• Standing Instruction Facility: Ujjivan Small Finance Bank offers a standing instruction facility to the senior citizens. Instalments are automatically debited monthly to the linked account. This ensures timely deposits without the need to remember due dates.
• Premature Withdrawal Facility: Ujjivan Small Finance Bank lets you close your RD before maturity in case of need. Under the Ujjivan Small Finance Bank RD premature withdrawal option, a 1% penalty is charged on the applicable interest rate. Interest is then recalculated as per bank policies.
• Sampoorna Lakshya RD: Goal-based savings with tenure from 3 to 120 months. It begins at ₹3,000 and goes up by ₹1,000. Zero penalty on premature closure after 6 months.
• Loan Against RD: Ujjivan Small Finance Bank loan against RD enables you to take a loan of up to 90% of your RD. Through this facility, you can take money without closing the deposit, while the invested amount continues to earn interest.

How To Open a Ujjivan Small Finance Bank Senior Citizens RD

The process of opening an RD account is simple and can be completed online or offline.

Online Method

To access your RD on the digital platform of the bank, you can use the following steps:

• Visit Ujjivan Small Finance Bank: Go to the official website or mobile app.
• Select RD Option: Click on the deposits and select Recurring Deposit.
• Add Deposit Details: Add monthly amount and choose an appropriate tenure.
• Link Account: Have your savings account linked.
• Check Details: Review relevant senior citizen interest rate and details.
• Activate RD: Check the request to open and start RD.

Offline Method

You may also visit a branch and do the process with the help of bank staff:

• Access the Platform: Go to the official site or application of the Ujjivan Small Finance Bank.
• Select RD Option: Click on the deposits option and choose Recurring Deposit.
• Add Deposit Details: Enter monthly amount and choose an appropriate tenure.
• Link Account: Transact with your Ujjivan Small Finance Bank savings account.
• Review Details: Check out the applicable senior citizen interest rate and details.
• Activate RD: Check the request to open and start the RD.

Ujjivan Small Finance Bank Senior Citizens RD Eligibility Criteria

To open a Ujjivan Small Finance Bank Senior Citizen RD, the following conditions are required:

• Eligibility Age: The investor must be 60 years or above to qualify for senior citizen benefits.
• Savings Account Requirement: In order to open and maintain RD you should have a savings account in Ujjivan Small Finance Bank.
• Resident Status: The plan is mostly extended to resident individuals. Bank policies may vary on the eligibility of an NRI.
• KYC Compliance: Applicants are required to undergo KYC formalities by providing valid identity and address documents.
• Documents Requirement: Aadhaar Card, PAN Card, passport, Voter ID and address documents such as utility bills.

Key Takeaways

Ujjivan Small Finance Bank Senior Citizen RD provides an easy method to accumulate savings. The interest rates are between 6.00% to 7.95% per annum. Seniors also receive an extra 0.50% p.a. benefit. You can start with ₹100 per month and continue in multiples of ₹100. The term is increased to 10 years. An RD calculator can also be used to estimate returns beforehand.