Product Details
Bank Name
Ujjivan Small Finance Bank
Eligibility
TASC, Non-individuals (excluding FIG) and for all individuals including NR customers
Interest Rate
Up to 8.45%
Tenure
12 months to 60 months
Fixed Deposit Type
Retail Non-callable deposit
PLATINA FD
Tax Benefits
No
Credit Ratings
CRISIL A1+
Interest Payment Frequency
Monthly, quarterly or on 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 Rs. 1 crore and maximum deposit amount is Rs. 3 Cr. No auto renewal facility No Part closure and Pre-closure facility Maximum interest 8.45% can be yielded.
Minimum Investment Amount
Rs. 1 Crore
Features & Benefits
Pros
Higher interest rates
Flexible interest payout options
Suitable for larger deposits
Cons
High deposit amount is required.
No auto-renewal facilty
Pros & Cons
Account Opening Procedure
How to Open?
https://digiaccount.ujjivansfb.in/FD/
Application Procedure
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