Product Details
Bank Name
Ujjivan Small Finance Bank
Eligibility
Individual account type: You must be a resident individual in India.
Minimum age: You must be 18 years of age or older to open a Regular FD account with Ujjivan SFB.
Interest Rate
3.75 to 8.00%
Tenure
7 Days to 10 Years
Fixed Deposit Type
Regular
Regular Fixed Deposits
Tax Benefits
No
Credit Ratings
CRISIL A1+
Interest Payment Frequency
monthly, quarterly or on
maturity
Cummulative/Non-Cummulative
Both
Features
You can open a fixed deposit for a minimum period of 7 days to a maximum of 10 years
The discounted interest rate for monthly interest pay-out option
Premature closure and partial withdrawal facility allowed
0.50% p.a. additional rate for Senior Citizens
Minimum Investment Amount
Rs.1,000
Fees and Charges
Pros
0.50% p.a. additional rate for Senior Citizens
Competitive interest rates
Safe and secure
Flexible Tenure
Easy to open and manage
Cons
Limited liquidity
Tax on interest
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
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