Product Details
Bank Name
Ujjivan Small Finance Bank
Eligibility
Status - Individuals having an existing Savings or Current Account with Ujjivan SFB
Nationality - Resident Indians
Minimum deposit - ₹25,000 and in multiples of ₹1000 thereof
Minimum tenure - 12 months to 60 months and in multiples of 12 months thereof
Age - No minimum age requirement
Interest Rate
Up to 8.25%
Tenure
12 months to 60 months.
Fixed Deposit Type
Regular
Sampoorna Nidhi
Tax Benefits
None
Credit Ratings
CRISIL A1+
Interest Payment Frequency
Monthly. 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
Non Cumulative
Features
Monthly interest payout.
Minimum deposit requirement of 25,000.
Pre-mature closure facility without any penalty.
Minimum Investment Amount
25,000
Fees and Charges
Pros
Regular interest payment.
Competitive interest rates.
Cons
Tenure of up to 5 years only.
Minimum deposit requirement of 25,000
Pros & Cons
Account Opening and Procedure
How to Open?
Can be opened at Centre meetings (upto ₹ 15,000) branch, or through mobile and internet banking
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.