Ujjivan Small Finance Bank hikes fastened deposit charges: Now stand up to eight.25%

On fastened deposits under ₹2 crore, Ujjivan Small Finance Bank has elevated rates of interest. The new rates of interest are efficient as of in the present day, August 9, 2022, in line with the financial institution’s official web site. After the adjustment, the financial institution is now providing fastened deposits with maturities starting from 7 days to 120 months at rates of interest starting from 3.75 per cent to six per cent for most people and 4.50 per cent to six.75 per cent for senior residents. In order to supply buyers with returns that outpace inflation, the financial institution is now providing fastened deposits with a most rate of interest of seven.50 per cent for most people and eight.25 per cent for senior residents.

Ujjivan Small Finance Bank FD Rates

In place of the two.90 per cent rate of interest that was beforehand supplied on fastened deposits maturing in 7 days to 29 days, the financial institution is now providing an rate of interest of three.75 per cent. For fastened deposits maturing in 30 days to 89 days, the financial institution is now providing an rate of interest of 4.25 per cent, which was beforehand supplied at 3.50 per cent. Term deposits maturing in 6 months will now present an rate of interest of 5.25 per cent, up from 5 per cent, whereas fastened deposits maturing in 90 to 179 days will now supply an rate of interest of 4.75 per cent, up from 4.25 per cent. On fastened deposits maturing in 6 months to lower than 9 months, Ujjivan Small Finance Bank will now present an rate of interest of 5.50 per cent, up from 4.75 per cent beforehand. On fastened deposits maturing in 9 months, the financial institution will now pay an rate of interest of 5.75 per cent, up from 5.05 per cent beforehand.

The financial institution will proceed to offer an rate of interest of 6.50 per cent on fastened deposits maturing in additional than 9 months however lower than 12 months, and can now supply an rate of interest of seven.00 per cent as a substitute of 6.70 per cent on fastened deposits maturing in 12 months. Fixed deposits maturing in 75 weeks (525 Days) will now present a most rate of interest of seven.50 per cent whereas time period deposits maturing in 12 Months and 1 Day to 524 Days will now give an rate of interest of seven.20 per cent. Ujjivan Small Finance Bank will now give an rate of interest of seven.20 per cent on fastened deposits maturing in 526 days to 18 months, whereas the financial institution may also supply an rate of interest of seven.00 per cent, up from 6.60 per cent, on time period deposits maturing in 18 months and 1 day to lower than 24 months.

Deposits with a maturity interval of 24 months will proceed to pay a 7.10 per cent rate of interest, whereas time period deposits with a maturity interval of 24 months, 1 day to 989 days will proceed to pay a 6.50 per cent rate of interest. On deposits maturing in 990 days, Ujjivan Small Finance Bank will now give an rate of interest of seven.50 per cent, up from 7.20 per cent beforehand. Fixed deposits maturing in 36 Months 1 Day to 42 Months will proceed to supply an rate of interest of 6.25 per cent, whereas deposits maturing in 991 days to 36 Months will proceed to offer a 6.50 per cent rate of interest. The financial institution at present affords an rate of interest of 6.00 per cent on time period deposits maturing in 60 months 1 day to lower than 75 months, whereas it can proceed to supply an rate of interest of seven.20 per cent on fastened deposits maturing in 42 months, 1 day to 60 months. The financial institution at present affords a 7.50 per cent rate of interest on fastened deposits maturing in 75 months, and a 6.00 per cent rate of interest shall be in impact on fastened deposits maturing in 75 months, 1 day to 120 months.

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Ujjivan Small Finance Bank FD Rates (ujjivansfb.in) Ujjivan Small Finance Bank Platina FD Rates

Platina Fixed Deposit Scheme is one other distinctive deposit choice offered by Ujjivan Small Finance Bank. Platina FD charges are solely relevant for deposits over Rs. 15 lakh and below Rs. 2 crores. Additionally, Platina FD charges are non-callable deposit devices, therefore depositors can’t make partial or untimely withdrawals from this time period deposit plan. Ujjivan Small Finance Bank has talked about on its web site that “Platina FDs can be found for people of age <60 years solely. Hence, Sr. citizen can’t open Platina FDs. Platina FD is now supplied to people (<60 yrs) and TASC prospects solely (excluding FIG).” The financial institution now supplies an rate of interest on this residue plan that ranges from 7.20 p.c to 7.40 p.c on deposits that mature in 12 months to 60 months. Customers can earn a most rate of interest of seven.70 p.c on Platina Fixed Deposits for phrases of 75 weeks (525 Days) and 990 Days.

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Ujjivan Small Finance Bank Platina FD Rates (ujjivansfb.in)

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