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.
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.
Senior citizen FDs are offering up to 9.5%: Check the current fixed deposit interest rates after RBI cuts repo rate by 25 bpsThe 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%.
| Tenure | Interest Rate (p.a.) (Under ₹ 3 Crores) |
| 7 days to 29 days | 3.75% |
| 30 days to 89 days | 4.25% |
| 90 days to 180 days | 4.75% |
| 6 months to 12 months | 7.00% |
| 12 months to 18 months | 8.10% |
| 18 months | 8.25% |
| 18 months 1 day to 990 days | 7.75% |
| 991 days to 60 months | 7.20% |
| 60 months 1 day to 120 months | 6.50% |
| Additional Interest Rate for Senior Citizens | 0.50% |
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 balance | Rate of Interest (p.a.) |
| Up to ₹1 lakh | 3.25% |
| > ₹1 lakh to ₹5 lakhs | 5.00% |
| > ₹5 lakhs to ₹25 lakhs | 7.25% |
| > ₹25 lakhs | 7.50% |
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/-.”
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