Ujjivan Small Finance Bank (SFB) has revised interest rates on its fixed deposit products. According to the bank’s official website, the new rates are effective from today, November 5, 2022. The revised interest rates are applicable on Platina FDs, Domestic and NRO Fixed Deposits and Entire Funds, Recurring Deposits and Total Target, and NRE- Fixed Deposits. Deposit. The bank currently offers a maximum interest rate of 8.20% on Platina FDs for non-senior citizens, while the maximum interest rate on domestic FDs is 8.00% which is above the current inflation level.
Ujjivan Platina FD Rates
Ujjivan Small Finance Bank on its website mentions that “Platina FD rates are applicable only for deposits above Rs 15 lakh and less than Rs 2 crore. Platina deposit is available to all individuals including TASC, non-individuals (except FIG) and NR customers. However, the senior citizen additional rate will not be applicable for Platina deposits.
The bank is now offering interest rates ranging from 6.70% to 7.40% on deposits maturing in 12 months to 60 months. Platina FD maturing in 80 weeks (560 days) will now get the maximum interest rate of 8.20%.
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Ujjivan Small Finance Bank FD Rates
On Domestic and NRO Fixed Deposits and Whole Fund Deposits of less than Rs. 2 crore bank maturing in 7 days to 29 days will now offer an interest rate of 3.75% and on those maturing in 30 days to 89 days, Ujjivan Small Finance Bank will now offer an interest rate of 4.25%. Deposits maturing in the next 90 to 179 days will now attract an interest rate of 4.75%, while deposits maturing in the next 6 to 9 months will attract an interest rate of 5.50%. Deposits maturing in 9 months, 1 day to 12 months will earn interest at the rate of 6.50%, while deposits maturing in 12 months, 1 day to 559 days will earn interest at the rate of 7.50%.
The bank will now offer a maximum interest rate of 8.00% on deposits maturing in 80 weeks (560 days), while Ujjivan SFB will now offer 7.50% interest rate on deposits maturing in 561 days to 989 days. Deposits maturing in 990 days now earn 7.75% interest, while deposits maturing in 991 days to 60 months now earn 7.20% interest. Ujjivan Small Finance Bank will pay interest at the rate of 6.50% on deposits maturing in any tenor from 60 months and one day to 120 months. An additional interest rate of 0.75% will be provided by the bank for all term resident senior citizens.
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Ujjivan Small Finance Bank RD Rates
Ujjivan Small Finance Bank allows recurring deposits for tenors ranging from 6 months to 120 months. The interest rate for the general public now ranges between 5.50% and 6.50%. The maximum interest rate of 7.50% will be applicable on RDs maturing in 15 to 24 months. The bank will offer an additional interest rate of 0.75% for all term resident senior citizens.
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