Interest for 3 years
Note: All interest rates shown below are as on 22nd Jun 2021
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 29 days||3.05%||3.55%|
|1 month - 2 months 28 days||4.05%||4.55%|
|2 months 29 days - 5 months 26 days||4.8%||5.3%|
|5 months 27 days - 11 months 30 days||5.2%||5.7%|
|1 year - 2 years||6.5%||7%|
|2 years 1 day - 4 years 11 months 30 days||6.75%||7.25%|
|5 years - 9 years 11 months 29 days||5.8%||6.3%|
Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bangalore, which commenced operations on 1 February 2017. The bank has a balance sheet size of Rs. 18,411 Cr as on 31st March 2020. The bank recorded a Loss of Rs 350 Cr in FY20
3.05% - 6.75%
3.55% - 7.25%
FD Rate for Seniors
₹ 2 Crores
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
|Investment Amount||For 3 years with interest of 6.75%||For 5 years with interest of 5.8%|
|₹ 1 lakh||₹140011||₹133549|
|₹ 2 lakh||₹280023||₹267099|
|₹ 5 lakh||₹700057||₹667747|
|₹ 10 lakh||₹1400115||₹1335494|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹106697||₹ 101764|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹6697|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Dhanlaxmi Bank||5.4% - 5.9%|
|Tamilnad Mercantile Bank||5.5% - 5.5%|
|IDBI Bank||5.3% - 5.8%|
|Bank of India||5.15% - 5.65%|
|Sundaram Finance||6.25% - 6.75%|
|AU Small Finance Bank||6.25% - 6.75%|
|Canara Bank||5.5% - 6%|
|Axis Bank||5.4% - 5.9%|
|Mahindra Finance||6.3% - 6.55%|
|PNB Housing Finance Ltd||6.6% - 6.85%|
|IDFC First Bank||5.75% - 6.25%|
|State Bank of India||5.3% - 5.8%|
|HDFC Bank||5.15% - 5.65%|
|Bank of Baroda||5.1% - 5.6%|
|LIC Housing Finance||5.75% - 6%|
|Tamil Nadu Power Finance||7.75% - 8.25%|
|Jammu & Kashmir Bank||5.3% - 5.8%|
|Bajaj Finance||6.5% - 6.75%|
|Yes Bank||6.25% - 7%|
|RBL Bank||6.3% - 6.8%|
|Punjab and Sind Bank||5.3% - 5.8%|
|Kotak Mahindra Bank||5.1% - 5.6%|
|IndusInd Bank||6% - 6.5%|
|Central Bank of India||5% - 5%|
|DCB Bank||6.5% - 7%|
|Bandhan Bank||5.25% - 6%|
|Fincare Small Finance Bank||6.25% - 6.75%|
|DBS Bank||5.5% - 5.5%|
|Indian Overseas Bank||5.2% - 5.7%|
|Karur Vysya Bank||5.5% - 6%|
|Equitas Small Finance Bank||6.35% - 6.85%|
|City Union Bank||5.5% - 6%|
|SCB Bank||5.35% - 5.85%|
|Karnataka Bank||5.5% - 5.9%|
|South Indian Bank||5.5% - 6%|
|HDFC Ltd Fixed Deposit||6.05% - 6.3%|
|Bank of Maharashtra||4.9% - 5.4%|
|ICICI Housing Finance Company||6.05% - 6.3%|
|ESAF Small Finance Bank||5.75% - 6.25%|
|Indian Bank||5.15% - 5.65%|
|Shriram Finance||8% - 8.4%|
|Federal Bank||5.35% - 5.85%|
|ICICI Bank||5.15% - 5.65%|
|Post Office||5.5% - 5.5%|
|Punjab National Bank||5.1% - 5.6%|
|Union Bank of India||5.4% - 5.4%|
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Ujjivan Small Finance Bank offers a wide range of deposit schemes to its customers. The interest rates on its deposits are quite attractive. Moreover, the bank allows premature withdrawal facility and also offers loans against the FDs. In this article, we have covered Ujjivan Small Finance Bank FD and its interest rates in detail.
Ujjivan FD rates range between 3.05%-6.5% for regular citizens and 3.55% -7% for senior citizens with tenure varying between 7 days and 10 years. Ujjivan Bank FD rates are higher than their saving account rates. The bank also offers a higher interest rate to senior citizens. Also, the interest rate for senior citizens is higher by 0.5%. Moreover, investors can opt for receiving interest monthly, quarterly, annually or at the time of maturity.
The highest FD rate for Ujjivan Small Finance Bank is 6.5% for a regular investor for the tenure of 1-2 years. Also, for the same tenure, the highest senior citizen FD rate is 7%. Moreover, returns from Ujjivan Small Finance Bank fixed deposits can be calculated using the Scripbox’s Fixed Deposit Calculator.
Compare the latest bank’s fd rates.
Following are the key features of Ujjivan Small Finance Bank fixed deposits:
The Ujjivan Small Finance Bank fixed deposit tenure ranges between 7 days to 10 years. Once invested, one cannot change the tenure of Ujjivan Small Finance Bank FD investment. However, one can opt for premature withdrawal. Also, investors can close the existing Ujjivan Small Finance Bank FD and start a new FD with the desired tenure.
The minimum amount of investment in Ujjivan Small Finance Bank FD is INR 1,000. Moreover, there is no limit on the maximum amount of investment except for the tax saving FD, which is INR 1.5 lakh per annum.
Ujjivan Small Finance Bank FD rates range between 3.05%-6.5% per annum.
Ujjivan Small Finance Bank offers a higher rate of interest to senior citizens. Also, the rate for senior citizens is higher by 0.5% on their FD investments. Moreover, the senior citizen FD rate ranges between 3.55%-7%.
To open a Ujjivan Small Finance Bank FD, one has to be eligible and following is the eligibility criteria.
The following are the documents that one needs to open a Ujjivan Small Finance Bank FD.
It is not possible to deposit any additional amount in an existing Ujjivan Small Finance Bank fixed deposit. However, one can always invest in a fresh Ujjivan Small Finance Bank FD with the additional amount.
Investment in Ujjivan Small Finance Bank Tax Saving Fixed Deposit qualifies for tax deduction under Section 80C of the Income Tax Act, 1961. Also, all other Ujjivan Small Finance Bank term deposits do not qualify for tax saving. Investors can claim the tax benefits while filing their income tax returns.
The interest that one earns on their Ujjivan Small Finance Bank FD investments is taxable as per their respective income tax slab rates. Moreover, suppose the interest income exceeds INR 40,000 (INR 50,000 for senior citizens). In that case, the TDS rate is 10% (20% if PAN Card is not available).
One can also determine whether their interest income is above or below the TDS threshold limit using a bank fixed deposit calculator. They can also estimate their tax liability (if any) using an Income Tax Calculator. Scripbox’s Income Tax Calculator is available online and is free to use.
Under the Deposit Insurance Scheme of RBI, DICGC insures all Ujjivan Small Finance Bank deposits up to INR 5,00,000.
Ujjivan Small Finance Bank allows premature withdrawal of their FDs. Following are the premature withdrawal rules.
Depositors can nominate beneficiaries for their Ujjivan Small Finance Bank term deposits.
Ujjivan Small Finance Bank offers an auto-renewal facility to depositors for their FDs.
Opening and managing Ujjivan Small Finance Bank FD investments are easy and convenient through their online portal.
Ujjivan Small Finance Bank allows investors to take a loan against their FD investments to meet liquidity requirements. Moreover, investors can do it without breaking the FD. Also, they do not have to go through the entire loan process. The terms of the loan, tenure, and interest rate are decided based on the bank’s rules.
Investors can take loans such as education loans, loan against property (home loan), business loans, etc., against Ujjivan Small Finance Bank FD. They can also estimate their loan EMI using the loan EMI calculator. The loan EMI calculator works as a personal loan EMI calculator. It also works as a car loan calculator and home loan calculator. The investor can also use the EMI calculator in multiple scenarios by changing the variables like personal loan interest rate. They can also tweak the car loan interest rate and home loan interest rate.
A PAN card isn’t mandatory to open an FD account with Ujjivan Small Finance Bank. The investors can submit Form 60 instead. However, not submitting a PAN Card can have its drawbacks. The TDS rate will be 20% instead of 10%. Moreover, the bank will not issue a TDS certificate. Also, form 15G, and 15H will be invalid.
Requirement of savings account
Individuals need not have a Ujjivan Small Finance Bank account to open a fixed deposit account.
The scheme offers high-interest rates and also tax benefits for deductions. Also, deposits up to INR 1,50,000 qualify for tax deductions under Section 80C of the Income Tax Act.
The Ujjivan Bank Sampoorna Nidhi is a monthly income scheme for depositors. The interest amount is directly credited to the linked savings or current account. One can easily withdraw through a branch or ATM.
The scheme helps to save for one’s goals.
Yes, Ujjivan Small Finance Bank offers recurring deposit schemes.
Following are Ujjivan Small Finance Bank recurring deposit rates:
|Tenure||Regular Citizen Rates||Senior Citizen Rates|
|6 months to 9 months||6.50%||7.00%|
|12 months to 24 months||7.50%||8.00%|
|27 months to 36 months||7.50%||8.00%|
|39 months to 60 months||6.75%||7.25%|
|63 months to 120 months||6.25%||6.75%|
|Fixed Deposit Calculator||Fixed Deposit by Banks|
|SBI FD Calculator||SBI FD Rates|
|HDFC FD Calculator||HDFC FD Rates|
|Axis FD Calculator||Axis FD Rates|
|ICICI FD Calculator||ICICI FD Rates|
|Canara Bank FD Calculator||Canara Bank FD Rates|
|PNB FD Calculator||PNB FD Rates|
|Post Office FD Calculator||BoB FD Rates|
|Yes Bank FD Calculator||Yes Bank FD Rates|
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