Ujjivan SFB offers general customers the highest FD interest rate of 8.25% for a 12-month tenure, while senior citizens can enjoy an even more attractive rate of 8.75% for the same duration

FD interest rate up to 8.75%: Ujjivan Small Finance Bank hikes fixed deposit rate on this tenure by 50 bps

Ujjivan Small Finance Bank has announced an increase in the interest rate for its 9-month fixed deposits to 7.5%. Senior citizens will continue to enjoy an additional 0.50% on top of the regular fixed deposit rates, as stated in the bank's press release.

Highest interest rate

Ujjivan SFB offers general customers the highest FD interest rate of 8.25% for a 12-month tenure, while senior citizens can enjoy an even more attractive rate of 8.75% for the same duration.

Earn up to 8.50% FD rate: SBI, HDFC Bank, ICICI Bank, Canara Bank, PNB, Yes Bank latest FD interest rates

Platina FD rates
According to the bank website, “Platina FD is a non-callable deposit product. Part closure and pre-closure facilities are not available. Auto-Renewal facility will also not be available for this scheme. Deposit amount should be above Rs 1 crore and below Rs 3 crores, Tenures ranges from 12 months to 60 months with Interest pay-out options like monthly, quarterly and at maturity. Platina deposits are available for Non-individuals and for all individuals including NR customers. However, the senior citizen additional rate will not be applicable for Platina deposits.”

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    Below mentioned are the Interest Rates with Effect from 13th Sep 2024
    TenureInterest Rate (p.a.) (Under ₹ 3 Crores)
    12 Months8.45%
    12 Months 1 Day to 560 Days(80 weeks)8.20%
    561 Days to 990 Days7.95%
    991 Days to 60 Months7.40%

    Domestic Fixed Deposits And Sampoorna Nidhi

    TenureInterest Rate (p.a.) (Under ₹ 3 Crores)
    7 days to 29 days3.75%
    30 days to 89 days4.25%
    90 days to 179 days4.75%
    6 months to < 9 months7.00%
    9 months7.50%
    9 months 1 day to <12 months7.00%
    12 months8.25%
    12 months 1 day to 560 days(80 weeks)8.00%
    561 days to 990 days7.75%
    991 days to 60 months7.20%
    60 months 1 day to 120 months6.50%
    Additional Interest Rate for Senior Citizens0.50%

    This story originally appeared on: India Times - Author:Faqs of Insurances