Ujjivan Small Finance Bank revises FD interest rates; senior citizens can earn up to 8.75%, regular investors can get up to 8.25%

Ujjivan Small finance Bank has revised fixed deposit interest rates on various tenures with effect from March 8, 2023, as per the bank’ s website. The revised rates are applicable on Platina FD, Domestic, Recurring Deposits, and NRE- Fixed Deposits

Ujjivan SFB interest rates for fixed deposits and Sampoorna Nidhi
After the revision, the bank will now offer an interest rate of 3.75% deposits maturing in 7 days to 29 days, and an interest rate of 4.25% on those maturing in 30 days to 89 days, according to Ujjivan Small Finance Bank


Deposits that mature in the 90 to 179 days at a rate of 4.75% and on deposits that mature in the following 6 to 9 months at a rate of 5.50%. Deposits with maturities ranging from 9 months, 1 day to 13 months will earn interest at a rate of 6.50%, while deposits with maturities ranging from 13 months and 1 day to 559 days is hiked to 8% .

On deposits maturing in 80 Weeks (560 Days), the bank will now offer a maximum interest rate of 8.25%, whereas Ujjivan SFB will now offer a 7.50% interest rate on deposits maturing in 561 Days to 989 Days. Deposits with a 990-day maturity period now earn 7.75% interest, while those with a 991-day to 60-month maturity period now earn 7.20% interest.

TENURE	Interest Rate (p.a.) (Under Rs. 2 Crores)
7 Days to 29 Days	3.75%
30 Days to 89 Days	4.25%
90 Days to 179 Days	4.75%
6 Months to 9 Months	5.50%
9 Months 1 Day to 13 months	6.50%
13 Months and 1 Day to 559 Days	8.00%
80 Weeks (560 Days)	8.25%
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%
Additional Interest Rate for Resident Senior Citizens	0.50%

Senior citizen FD rates
The bank will offer a 0.50% higher interest rate for senior citizens for all tenors. The SFB reduced its earlier offer of 0.75% higher interest rates to senior citizens by 0.25%.

Now, the highest interest rate offered for senior citizens is 8.75% on tenure of 80 Weeks (560 Days).

Platina fixed deposit – Domestic interest rates
Platina FD rates apply only to deposits of more than Rs.15 lakhs but less than Rs.2 crores. Deposits in Platina are available for TASC, Non-individuals (except FIG), and all individuals, including NR clients. The senior citizen additional rate, however, will not be available for Platina deposits.

TENURE	Interest Rate (p.a.) (Under Rs. 2 Crores)
12 Months-13 months	6.70%
13 Months 1 Day to 559 Days	8.20%
80 weeks (560 Days)	8.45%
561 Days to 989 Days	7.70%
990 Days	7.95%
991 Days to 60 Months	7.40%

Recurring deposits and Sampoorna Lakshya interest rates
Recurring deposit interest rates vary between 5.50% to 8% for regular citizens for tenure ranging between 6 months to 120 months.

TENURE	Interest Rate (p.a.)
6 months	5.50%
9 months	5.50%
12 months	6.50%
15 months	8.00%
18 months	8.00%
21 months	7.50%
24 months	7.50%
33 months to 60 months	7.20%
63 months to 120 months	6.50%
Additional Interest Rate for Senior Citizens	0.50%