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 8.00%
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
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
Fees and Charges
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 and 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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