Ujjivan Small Finance Bank Revises Fixed Deposits Interest Rates
18.03.2024 - 14:07:00
Business Wire India
HIGHLIGHTS:
With Effect From March 7, 2024, Ujjivan Small Finance Bank has made adjustments to the ROI in the three key buckets for Regular Customers, NRO and NRE.
Platina FD would get an additional interest rate of 0.20% and are applicable for deposits above Rs. 1 crore to below Rs. 2 Crores only. Ujjivan SFB allows monthly, quarterly and at maturity interest pay-out options. The Tax Saver Fixed Deposits comes with five years lock-in period. The latest round of rate increases on FDs place Ujjivan SFB among the banks offering the highest Interest Rates on Term Deposits.
Mr. Ittira Davis, Managing Director and Chief Executive Officer, Ujjivan SFB, commented, "We are pleased to announce the revision in fixed deposit interest rates for our customers seeking a higher interest rate for the short-term tenure. Our primary objective is to create a stronger deposit base that aligns with our overall strategy reinforcing our position as the leading retail mass market bank."
About Ujjivan Small Finance Bank
is one of the leading small finance banks. Ujjivan Small Finance Bank began operations in February 2017 and currently serves over 82 lakh customers through its 729 branches and 21,000+ employees, spread across 26 states and union territories in India. The gross loan book stands at Rs. 27,791 crore with a deposit base of Rs. 29,869 crore as of December 30, 2023. The Bank remains committed to serving the un-served and the under-served segments through financial and digital inclusion, as a mass-market bank. The strengthened digital interfaces across regions and languages have empowered Ujjivan SFB customers to seek timely and easy access to finance at all times.
HIGHLIGHTS:
- Highest interest rate for regular customers, NRO & NRE at 8.50% for 15 months
- Highest interest rate for Senior citizens at 9.00% for 15 months
- Platina FD will get an additional interest rate of 0.20% and are applicable for deposits above Rs. 1 crore and below Rs. 2 Crores only
- Customers can now also open fixed deposits on Ujjivan Small Finance Bank's official website
With Effect From March 7, 2024, Ujjivan Small Finance Bank has made adjustments to the ROI in the three key buckets for Regular Customers, NRO and NRE.
Platina FD would get an additional interest rate of 0.20% and are applicable for deposits above Rs. 1 crore to below Rs. 2 Crores only. Ujjivan SFB allows monthly, quarterly and at maturity interest pay-out options. The Tax Saver Fixed Deposits comes with five years lock-in period. The latest round of rate increases on FDs place Ujjivan SFB among the banks offering the highest Interest Rates on Term Deposits.
Mr. Ittira Davis, Managing Director and Chief Executive Officer, Ujjivan SFB, commented, "We are pleased to announce the revision in fixed deposit interest rates for our customers seeking a higher interest rate for the short-term tenure. Our primary objective is to create a stronger deposit base that aligns with our overall strategy reinforcing our position as the leading retail mass market bank."
About Ujjivan Small Finance Bank
is one of the leading small finance banks. Ujjivan Small Finance Bank began operations in February 2017 and currently serves over 82 lakh customers through its 729 branches and 21,000+ employees, spread across 26 states and union territories in India. The gross loan book stands at Rs. 27,791 crore with a deposit base of Rs. 29,869 crore as of December 30, 2023. The Bank remains committed to serving the un-served and the under-served segments through financial and digital inclusion, as a mass-market bank. The strengthened digital interfaces across regions and languages have empowered Ujjivan SFB customers to seek timely and easy access to finance at all times.
