HIGHLIGHTS:
- With revised tenure, interest rate for 9 months increased to 7.50% from the earlier 7.00%
- Continues to offer one of the highest interest rate of 8.25% and 8.75% – 12 months tenure for regular and senior citizens respectively
- Platina FD will get an additional interest rate of 0.20%*
Bengaluru 30 September 2024: Ujjivan Small Finance Bank, a leading small finance bank increases interest rate on its fixed deposits to 7.5% for 9 months tenure. Senior citizens will continue to receive an additional 0.50% over the regular fixed deposit rates.
Ujjivan continues to offer highest rate of interest for general customers at 8.25% for 12-month tenure, while senior citizens benefiting from an attractive interest rate of 8.75% for the same duration. Platina deposits available for both individuals and non-individual customers, including NR customers, will continue to earn an additional interest rate of 0.20%*.
Mr. Sanjeev Nautiyal, Managing Director and Chief Executive Officer, Ujjivan SFB, commented, “We are pleased to revise the fixed deposit interest rates for our customers seeking a higher interest rate for the short-term tenure. The latest rate increase on FDs continue to position Ujjivan SFB among the banks offering the highest interest rates on term deposits.”
