Ujjivan Small Finance Bank 2023- Customers of Ujjivan Small Finance Bank can choose from a wide range of deposit options. Its deposits’ interest rates are quite appealing. In addition, the bank provides loans secured by FDs and provides a facility for premature withdrawals. We have gone over Ujjivan Small Finance Bank FD and its interest rates in detail in this article.
The tenure of Ujjivan FD rates ranges from seven days to ten years, with regular citizens paying between 3.55% and 6.5% and senior citizens paying between 3.55% and 7%. The savings account rates at Ujjivan Bank are lower than the FD rates. Senior citizens are also eligible for a higher interest rate from the bank. Additionally, the senior citizen interest rate is 0.5% higher. In addition, investors can select to receive interest on a monthly, quarterly, annual, or at maturity basis.
Ujjivan Small Finance Bank 2023
The FD interest rates at Ujjivan Small Finance Bank range from 3.75 to 5.00% per annum. to the general public and 4.50 to 8.75 percent per year to senior citizens for periods of seven days to ten years. Ujjivan Small Finance Bank Tax Saving FDs have an annual interest rate of 7.20 percent. for the general public and 7.95 percent annually. for five-year deposits made by senior citizens. The bank additionally offers NRE fixed stores for NRIs.
Because the Reserve Bank of India (RBI) has designated Ujjivan Small Finance Bank as a scheduled bank, its depositors are eligible for deposit insurance from the Depositor Insurance and Credit Guarantee Corporation (DICGC). In the event of a scheduled bank’s failure or merger or amalgamation, the deposit insurance cover provided by DICGC, a subsidiary of the RBI, safeguards each depositor’s fixed, savings, current, and recurring deposits up to Rs 5 lakh.
Ujjivan Small Finance Bank 2023 Interest Rate For FD Details
| Bank Name | Ujjivan Small Finance Bank |
| Article Name | Ujjivan Small Finance Bank Interest Rate For FD |
| Category | Trending |
| Official Website | Click Here |
About Ujjivan Small Finance Bank FD
On February 1, 2017, Ujjivan Small Finance Bank Limited, an Indian small finance bank with headquarters in Bangalore, began operations. The bank is owned by Financial Services in 80 percent. Under Section 22 (1) of the Banking Regulation Act of 1949, Ujjivan Small Finance Bank is authorized to conduct small finance bank operations. In August 2017, the Reserve Bank of India granted the bank Scheduled Bank status. With terms ranging from one week to ten years, Ujjivan Small Finance Bank offers a variety of fixed deposit programs with competitive annual interest rates of 3.05 percent to 6.75 percent. The bank offers senior citizens an additional interest rate of 0.50 percent.
The objective of establishing this bank was to provide financial services to individuals, small businesses, and rural communities in the country’s underbanked and underserved regions. The bank offers a wide range of products and services including loans, remittance, insurance, and banking solutions. The bank also provides customized financial solutions for its customers through its various offices across the country.
Check Also- Bank of India 2023 Interest Rate For FD
Types of Ujjivan Small Finance FD Schemes
Ujjivan Small Finance Financial District Schemes are small-value, short-term financial products offered by a variety of financial institutions, including banks, insurance companies, and other financial services providers. These products may be designed to meet the needs of individuals with lower income and/or liquidity requirements. They may include loans, savings plans, and other financial services. Types of Ujjivan Small Finance FD Schemes include:
Regular Fixed Deposits
- Minimum sum to put down: Tenure: Rs. 1,000
- Depositors can choose from quarterly, half-yearly, or annual payout options, or they can keep investing until maturity.
- In the case of the monthly interest pay-out option, interest will be paid out monthly at a lower rate than the standard fixed deposit rate.
- Facilities for partial withdrawal and premature closure are available.
- FDs can be opened at Centre meetings (Maximum amount: Rs 15,000) at the branch or through mobile and online banking Additional 0.50 percent annually is made available to FD depositors who are seniors.
Also Read- Citi Bank 2023 Interest Rate For FD
Tax Saver Fixed Deposits
- Stores under this plan are qualified for a duty derivation of up to Rs 1.5 lakh under Segment 80C in each monetary year
- Individuals from HUF and Indian inhabitants are qualified
- Store sum: Least Rs 1,000; Most extreme: Rs 1.5 lakhs
- Residency: 5 years (secure in period)
- Quarterly or month to month (at a limited rate) premium payout choices are accessible
- Contributors additionally have the choice of getting interest payout at development
Digital Fixed Deposit
- Contributors can open an independent fixed store without opening an investment account
- Residency: a half year to 10 years
- FD can be opened with next to no administrative work. Just Aadhaar card and Skillet card are expected for moment FD opening
- Contributors can finance the FD accounts through Net Banking/UPI/Check Card
- Untimely withdrawal is permitted following a half year without punishment
- Contributor can get FD exhortation on their enlisted email id in something like 24 hours of FD account opening
Click Here- Bank of Maharashtra 2023 Interest Rate For FD
Sampoorna Nidhi Fixed Deposit
- In this plan, premium is determined month to month and credited to the contributor’s connected bank reserve funds or current record
- Least store sum: Rs 25,000 and in products of Rs 1,000
- Residency: 1 year to 5 years in products of 1 year
- Untimely withdrawal is permitted following a half year without punishment
- An extra 0.75% p.a. is proposed to senior residents FD investors
- Auto-recharging office is accessible
- Contributors can get Sampoorna Nidhi guidance on their enrolled email id in somewhere around 24 hours of FD account opening
NRE Fixed Deposits
- Least store sum: Rs 5,000 and in from there on products of Rs 1,000
- Tenure:1 year to 10 years
- Investors can choose quarterly, month to month, or half-yearly payout choices
- Contributors additionally have the choice of getting interest payout at development
- On account of the month to month premium compensation out choice, the premium will be paid month to month at a limited rate over the standard fixed store rate
- Fractional withdrawal and untimely conclusion office is permitted
NRO Fixed Deposits
- Least store sum: Rs 5,000 and in products of Rs 1,000
- Residency: 7 days to 10 years
- Contributors can decide on quarterly, month to month or half-yearly payout choices
- Contributors additionally have the choice of getting interest payout at development
- On account of the month to month premium compensation out choice, the premium will be credited at a limited rate over the standard FD rate
- Fractional withdrawal and untimely conclusion office is accessible.
Read Also- Indian Overseas Bank 2023 Interest Rate For FD
Ujjivan Small Finance Bank FD Interest Rates
|
Tenure |
Interest Rate (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 29 days | 3.75 | 4.50 |
| 30 days to 89 days | 4.25 | 4.75 |
| 90 days to 179 days | 4.75 | 5.50 |
| 6 months to 9 months | 5.50 | 6.25 |
| 9 months 1 day to 12 months | 6.50 | 7.25 |
| 12 months 1 day to 559 days | 7.50 | 8.25 |
| 80 weeks (560 days) | 8.00 | 8.75 |
| 561 days to 989 days | 7.50 | 8.25 |
| 990 days | 7.75 | 8.50 |
| 991 days to 60 months | 7.20 | 7.95 |
| 60 months 1 day to 120 months | 6.50 | 7.25 |
Check Also- State Bank 2023 of Mysore Interest Rate For FD
Ujjivan Small Finance Bank Tax Saver Deposit
| Tenure | Interest Rate (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.20 | 7.95 |
NRE Fixed Deposit Interest Rates of Less Than Rs.2 crores w.e.f. 5 November 2022
| Tenure | Interest Rate (% p.a.) |
| 12 months | 6.50 |
| 12 months 1 day to 559 days | 7.50 |
| 80 weeks (560 days) | 8.00 |
| 561 days to 989 days | 7.50 |
| 990 days | 7.75 |
| 991 days to 60 months | 7.20 |
| 60 months 1 day to 120 months | 6.50 |
Also Read- State Bank 2023 of Hyderabad Interest Rate For FD
Ujjivan Bank FD Calculator
Ujjivan Bank FD Calculator is a financial tool that can be used to calculate the effective return on a deposit or investment with Ujjivan Bank. The calculation uses the bank’s interest rate and deposit amount to determine the annual percentage yield (APY) of the account. The APY represents the expected return on an investment in Ujjivan Bank’s FD, or fixed-deposit, account. It is expressed as a percentage and can be used to compare different products and determine which one offers the highest return.
It is in every case great to know ahead of time what’s in store from a speculation. Be it a gamble taking one like value common assets or a protected speculation choice like fixed stores. Thusly, the utilization of a decent store mini-computer, similar to the one accessible openly at is enthusiastically suggested prior to placing one’s cash in any of the plans by Ujjivan SFB.
Check Also- AU Small Finance Bank 2023
Conclusion
In conclusion, the interest rate for Ujjivan Small Finance Bank FD, RD and forex calculator is 20.23% p.a. This is an average annual interest rate based on the current market conditions and can change depending on market movements. You can use this information to determine how much money you would make if you had a bank account with Ujjivan Small Finance Bank FD, RD or forex calculator and how long it would take to break even.
Related Post-
Kerala Gramin Bank 2023 Interest Rate For FD