This bank revises FD rates; senior citizens can get up to 8.75% interest rate for longer tenure now Fixed deposits remain one of the safer and most preferred investment options for people seeking consistent returns
Ujjivan Small Finance Bank has revised its fixed deposit (FD) interest rates for deposits less than Rs 3 crore, and its savings account interest rates. The revised interest rates are effective from February 21, 2025. Fixed deposits remain one of the safer and most preferred investment options for people seeking consistent returns.
Highest interest rate
Ujjivan SFB offers general (non senior citizens) customers the highest FD interest rate of 8.25% for an 18-month tenure, while senior citizens can enjoy an even more attractive rate of 8.75% for the same duration. Earlier, the highest interest rate of 8.25% was offered on a 12 month tenure.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
Trump-Modi Meet
The mega MIGA, MAGA plans of India's Modi and US' Trump
Trump says India has more tariffs than others
Trump's 'golden rule' for imposing reciprocal tariffs
Additional benefits for senior citizens
Senior citizens will receive an additional 0.50% interest on all tenures, making FDs an even more attractive investment option for them. The interest rate of 8.75% for 18-months mentioned above for senior citizens includes this 0.5% additional interest.
Also read: Senior citizen FDs vs Senior Citizen Savings Scheme: Check which one offers higher interest rate for senior citizens
Latest Ujjivan SFB FD interest rates
Ujjivan SFB offers FD interest rates of 3.75% for a tenure of 7 to 29 days, 4.25% for 30 to 89 days tenure and 4.75% for 90 to 180 days tenure. The bank offers an interest rate of 7.00% for fixed deposits of 6 months to less than 12 months, and 8.10% for deposits of 12 months to less than 18 months. The highest interest rate of 8.25% is offered on an 18-month tenure.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Performance Marketing for eCommerce Brands
By - Zafer Mukeri, Founder- Inara Marketers
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By - Metla Sudha Sekhar, IT Specialist and Developer
Finance
A2Z Of Money
By - elearnmarkets, Financial Education by StockEdge
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
By - Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
By - Metla Sudha Sekhar, IT Specialist and Developer
Web Development
Advanced C++ Mastery: OOPs and Template Techniques
By - Metla Sudha Sekhar, IT Specialist and Developer
Astrology
Vastu Shastra Course
By - Sachenkumar Rai, Vastu Shashtri
Finance
Crypto & NFT Mastery: From Basics to Advanced
By - CA Raj K Agrawal, Chartered Accountant
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By - Metla Sudha Sekhar, IT Specialist and Developer
Legal
Complete Guide to AI Governance and Compliance
By - Prince Patni, Software Developer (BI, Data Science)
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
By - Metla Sudha Sekhar, IT Specialist and Developer
Technology
Certified Jenkins Professional
By - Vskills, India's Leading Certification Body
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Digital marketing - Wordpress Website Development
By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
By - Metla Sudha Sekhar, IT Specialist and Developer
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Leadership
Business Storytelling Masterclass
By - Ameen Haque, Founder of Storywallahs
Marketing
Future of Marketing & Branding Masterclass
By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
Senior citizen FDs are offering up to 9.5%: Check the current fixed deposit interest rates after RBI cuts repo rate by 25 bps
The interest rate for FDs with tenure between 18 months 1 day and 990 days is 7.75%, while FDs with tenures from 991 days to 60 months offer an interest rate of 7.20%. For long-term fixed deposits with tenures of 60 months 1 day to 120 months, the bank offers an interest rate of 6.50%.
TenureInterest Rate (p.a.) (Under ₹ 3 Crores)7 days to 29 days3.75%30 days to 89 days4.25%90 days to 180 days4.75%6 months to 7.00%12 months to 8.10%18 months8.25%18 months 1 day 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%
Ujjivan savings account interest rate
The interest rate on your savings account depends on the amount of balance you have in it. If your account balance is up to Rs 1 lakh, you earn 3.25% interest per year. If your balance is more than Rs 1 lakh but less than Rs 5 lakh, the interest rate increases to 5.00% per year. For balances above Rs 5 lakh and up to Rs 25 lakh, you get 7.25% interest per year. If your balance is more than Rs 25 lakh, you earn the highest rate of 7.50% per year.Account balanceRate of Interest (p.a.)Up to ₹1 lakh3.25%> ₹1 lakh to ₹5 lakhs5.00%> ₹5 lakhs to ₹25 lakhs7.25%> ₹25 lakhs7.50%
How is the interest rate on savings accounts calculated?
According to the Ujjivan Small Finance Bank website, “Interest is calculated on day-end balances maintained in the savings account and paid out on a quarterly basis. The higher interest rate will be applied and paid only on the basis of the balances maintained as per slabs. For example, if a customer maintains Rs 120,000/- in the savings account, 3.25% interest will be earned for Rs 100,000/- and 5.00% interest will be earned for the remaining Rs 20,000/-.”#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
