Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank offers Fixed Deposits (FDs) with interest rates ranging from 3.75% p.a. to 8.75% p.a. The bank allows investors to choose a tenure from 7 days to 10 years. Choose to receive the interest on a quarterly basis or at maturity. The minimum deposit starts at ₹1,000. 

You can easily invest in these FDs even if you do not have a savings account with the bank. Additionally, senior citizens can benefit from higher interest rates, making these FDs an attractive choice for a wide range of investors.

Here are FD interest rates offered by Ujjivan Small Finance Bank for both regular and senior citizens:

Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.

Ujjivan Small Finance Bank offers tax-saving FDs with attractive interest rates that come with a lock-in period of 60 months. These FDs offer stable returns along with additional tax benefits under Section 80C of the Income Tax Act, 1961. Here are the interest rates offered for tax-saving FDs:

Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.

Non-resident Indians (NRIs) looking to invest their income in India can opt for an NRI fixed deposit with the help of Non-resident External (NRE) and Non-resident Ordinary (NRO) Accounts:

Here are the interest rates for an Ujjivan Small Finance Bank NRO FD account:

Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.

Here are the interest rates for an Ujjivan Small Finance Bank Finance NRE FD account:

Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.

Here is an example that demonstrates the potential returns on your investment at maturity for tenures of 3 and 5 years, based on an interest rate of 8.75% p.a. This illustration helps you understand how much you could earn depending on the amount invested and the chosen duration.

Note: These rates are for illustrative purposes only and may not reflect the actual rates. Please visit the official website to check the latest rates before investing.

Before you begin investing, it is important to understand all the charges involved:

Premature Withdrawal

Ujjivan Small Finance Bank allows for the premature withdrawal of your FD before it reaches maturity. However, certain charges may apply depending on how long the deposit has been held:

• If the FD is withdrawn prematurely before completing 6 months from the date of deposit, no interest is paid

• If the FD is withdrawn after 6 months but before maturity, the interest rate is 1% lower than the applicable rate for the completed tenure

Tax Deducted at Source

Tax Deducted at Source (TDS) on a fixed deposit is a tax that banks and Non-banking Financial Companies (NBFCs) deduct when they pay interest on your FD. TDS is deducted if the interest earned on your FD exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). 

The rate of deduction is 10% on the interest income if your PAN details have been provided and 20% if not. However, if your income is below the taxable upper limit, you can submit a self-declaration form—Form 15G for regular citizens or Form 15H for senior citizens—to avoid TDS deduction.

Investing in an Ujjivan Small Finance Bank FD through Bajaj Markets is simple and easy to follow. Here’s a step-by-step guide:

1. Go to the fixed deposit section  

2. Complete the ‘Invest Now’ form by entering your mobile number, date of birth, and pin code.

3. Enter the OTP or verification code sent to your mobile number

4. Review and compare the interest rates offered by various banks and NBFCs

5. Choose Ujjivan Small Finance Bank FD from the available options, selecting the preferred tenure and interest payout frequency

6. Fill in your name and PAN card details

7. Upload copies of your PAN card, Aadhaar card, and a recent photograph for verification

8. Verify and update any additional information, such as your address, marital status, and email address

9. Enter your banking information, including your bank’s name, IFSC code, and account number.

10. Provide the details of your nominee

11. Make your online payment using your chosen payment method