Product Details
Bank Name
Ujjivan Small Finance Bank
Eligibility
You must be a resident individual customer with an existing savings account or current account at Ujjivan Small Finance Bank.
There is no minimum age requirement to open a Ujjivan Small Finance Bank RD account.
Interest Rate
6.5% to 7%
Tenure
6 months to 10 years
Fixed Deposit Type
Reccuring Deposit
Regular Recurring Deposits
Tax Benefits
No
Credit Ratings
CRISIL A1+
Interest Payment Frequency
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
No information provided
Features
Senior Citizens can avail of highest FD interest rates, i.e. an additional. 0.50% p.a.Senior Citizens can avail of highest FD interest rates, i.e. an additional. 0.50% p.a.
Minimum Fixed Deposit amount ranges from ₹ 100 and in multiples of ₹ 100 thereof
Premature closure facility allowed
Minimum Investment Amount
Rs.100
Features & Benefits
Pros
Senior Citizens can avail of highest FD interest rates, i.e. an additional. 0.50% p.a.Senior Citizens can avail of highest FD interest rates, i.e. an additional. 0.50% p.a.
Minimum Fixed Deposit amount ranges from ₹ 100 and in multiples of ₹ 100 thereof
Premature closure facility allowed
Cons
Limited liquidity
Tax on interest
Pros & Cons
Account Opening Procedure
How to Open?
Application Procedure
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