Product Details
Bank Name
Ujjivan Small Finance Bank
Eligibility
Any resident Individual of 18 years of age or above can open an Online FD
Interest Rate
3.75 to 8.75%
Tenure
6 Months to 10 Years
Fixed Deposit Type
Digital FD
Digital Fixed Deposit
Tax Benefits
No
Credit Ratings
CRISIL A1+
Interest Payment Frequency
Monthly, Quarterly, and at maturity. 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
Both
Features
Minimum deposit amount of ₹ 1,000 in multiples of ₹ 100 Additional 0.75% applicable to Senior citizens Maximum interest 8.00% can be yielded when invested for 80 weeks (560 Days) Paperless FD advice delivered on registered email id FD duration is of 6 months to 10 years
Minimum Investment Amount
₹ 1,000
Features & Benefits
Pros
Convenience
Potentially higher interest rates
24/7 access
Faster processing
Cons
Limited deposit options
Dependence on technology
Reliance on online security
Early withdrawal penalties
Pros & Cons
Account Opening Procedure
How to Open?
Mobile Banking or Internet Banking facility Give a missed call on 799 666 666 3 Visit nearest branch
Application Procedure
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