FD rate hike alert! Ujjivan Small Finance Bank hikes fixed deposit interest rate upto 8.75% | Personal Finance News

New Delhi: Ujjivan Small Finance Financial institution has introduced that it has larger the rate of interest on some mounted deposits. The financial institution will be offering as much as 8 % for normal consumers and eight.75 % passion for senior voters.

Listed below are the brand new FD charges for Ujjivan Small Finance Financial institution consumers

Easiest rate of interest for normal consumers could be 8% for 80 weeks (560 days)

Easiest rate of interest for Senior voters could be 8.75% for 80 weeks (560 days)

Platina FD would get an extra rate of interest of 0.20%.

New charges are efficient from November 5, 2022

S.No Tenure Bucket Present Charges Revised Charges
1 80 weeks (560 days) 7.20% 8.00%
2 990 days 7.50% 7.75%
3 12 Months 1 day to 559 days 7.20% 7.50%
4 561 days to 989 days 7.00% 7.50%
5 991 days to 60 months 7.00% 7.20%
6 60 months 1 day to 120 months 6.00% 6.50%

Those are acceptable for deposits above Rs 15 Lakhs and underneath Rs 2 Crores simplest.

Shoppers can make investments at least above Rs 15 lakhs to underneath Rs 2 Crores beneath the plan. The Platina FD is non-callable, i.e. partial and untimely withdrawal facility isn’t to be had on this scheme. 

Ujjivan SFB permits per thirty days, quarterly and at adulthood passion pay-out choices. The Tax Saver Fastened Deposits comes with 5 years lock-in length.

The most recent spherical of price will increase on FDs position Ujjivan SFB some of the banks providing the absolute best Hobby Charges at the Time period Deposits.

Ujjivan Small Finance Financial institution started operations in February 2017 and lately serves 70+ lakh consumers thru its 590 branches and 16,600+ staff.

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