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Fixed deposit is a financial instrument offered by banks and non-banking financial companies, where an individual can deposit his or her money for a higher rate of interest than savings deposits. Funds can be invested in a lump sum for a specific duration, which differs from one institution to another. Fixed deposits by Ujjivan Small Finance Bank are a popular choice among conservative investors, seeking stability and safety of principal amount.
About Ujjivan Small Finance Bank: Ujjivan Small Finance Bank Limited is focused on meeting the needs of the financially unserved segments in India, and is committed to building financial inclusion. As of September 30, 2019, the bank has a diversified portfolio with branches in 24 states and union and a customer base of 4.9 million. Ujjivan Small Finance Bank's deposit portfolio includes Fixed Deposit, Tax Saver Fixed Deposits, Recurring Deposit (RD) and Digital Fixed Deposit.
(Note - All the information contained in this page has been sourced from the official website of Ujjivan Small Finance Bank.)
The interest rates with effect from 5th Sep, 2019, are as under:
| Tenure | Interest Rate (p.a.) (Below Rs. 2 crores) |
|---|---|
| 7 Days to 29 Days | 5.50% |
| 30 Days to 89 Days | 6.25% |
| 90 Days to 179 Days | 6.75% |
| 180 Days to 364 Days | 7.00% |
| 1 Year to 2 Years | 8.10% |
| 2 Years and 1 Day to 734 Days | 7.50% |
| 735 Days | 8.15% |
| 736 Days to 798 Days | 7.50% |
| 799 Days | 8.30% |
| 800 Days to 3 Years | 7.50% |
| 3 Years and 1 Day to 5 Years | 7.00% |
| 5 Years and 1 Day to 10 Years | 6.50% |
| Additional Interest Rate for Senior Citizens | 0.50% |
Source: Official website of Ujjivan Small Finance Bank
| Tenure | Interest Rate (p.a.) (Below Rs. 2 crores) |
|---|---|
| 6 months to 9 months | 7.00% |
| 12months to 24 months | 8.10% |
| 27 months to 36 months | 7.50% |
| 39 months to 60 months | 7.00% |
| 63 months to 120 months | 6.50% |
| Additional Interest Rate for Senior Citizens | 0.50% |
Source: Official website of Ujjivan Small Finance Bank
The interest rates with effect from 5th Sept, 2019, are as under
| Tenure | Interest Rate (p.a.) (Below Rs. 2 crores) |
|---|---|
| 1 Year to 2 Years | 8.10% |
| 2 Years and 1 Day to 734 Days | 7.50% |
| 735 Days | 8.15% |
| 736 Days to 798 Days | 7.50% |
| 799 Days | 8.30% |
| 800 Days to 3 Years | 7.50% |
| 3 Years and 1 Day to 5 Years | 7.00% |
| 5 Years and 1 Day to 10 Years | 6.50% |
| 799 Days | 8.30% |
| 800 Days to 3 Years | 7.50% |
| 3 Years and 1 Day to 5 Years | 7.00% |
| 5 Years and 1 Day to 10 Years | 6.50% |
Source: Official website of Ujjivan Small Finance Bank
Source: Official website of Ujjivan Small Finance Bank
For opening a Fixed Deposit Account with Ujjivan Small Finance Bank, the applicant would need to provide the following documents:
Entities can apply for Ujjivan Small Finance Bank Fixed Deposit either by heading to the company’s nearest branch office or through its official website. Users can locate the nearest branch on the website of the bank, by simply entering details like state, city and area. Applicants who wish to go through the online route would need to click on the ‘Apply Now’ option and then select ‘Fixed Deposits’. They will be directed to the enquiry form page, where personal details, like name, email address and mobile number, need to be entered. Once this is complete, the applicants need to press on the 'Apply Now' button.
