Fixed Deposit Details
Bank Name
Ujjivan Small Finance Bank
Eligibility
There is no minimum age requirement to open this deposit
You are required to provide your customer consent on account opening form
You need to have existing savings or a current account with Ujjivan SFB
Interest Rate
Up to 8.25%
Tenure
3 to 120 months.
Fixed Deposit Type
Recurring
Sampoorna Lakshya
Tax Benefits
None
Credit Ratings
CRISIL A1+
Interest Payment Frequency
Not specified by the bank. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Not specified by the bank.
Features
You can open a fixed deposit for a minimum period of 3 months to a maximum of 10 years
Premature closure and partial withdrawal facility are available.
0.50% p.a. additional rate for senior citizens.
Minimum Investment Amount
3,000
Features & Benefits
Pros
Competitive interest rates.
Additional concession in interest rates for senior citizens.
Maximum tenure of up to 120 months.
Cons
Tax on interest
Pros & Cons
Account Opening Procedure
How to Open?
Can be opened at Centre meetings (upto ₹ 15,000) branch, or through mobile and internet banking
Application Procedure
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