Invest in an Ujjivan Small Finance Bank Fixed Deposit to benefit from competitive interest rates and earn maximise returns.
Ujjivan Small Finance Bank offers Fixed Deposits (FDs) with interest rates ranging from 3.75% p.a. to 8.55% p.a. The bank allows investors to choose a tenure from 7 days to 10 years. Choose to receive the interest on a quarterly basis or at maturity. The minimum deposit starts at ₹1,000.
You can easily invest in these FDs even if you do not have a savings account with the bank. Additionally, senior citizens can benefit from higher interest rates, making these FDs an attractive choice for a wide range of investors.
Here are FD interest rates offered by Ujjivan Small Finance Bank for both regular and senior citizens:
Tenure |
Interest for General Citizens (in p.a.) |
Interest for Senior Citizens (in p.a.) |
7 days to 29 days |
3.75% |
4.25% |
30 days to 89 days |
4.25% |
4.75% |
90 days to 180 days |
4.75% |
5.25% |
9 months 1 day to <12 months |
7.00% |
7.50% |
12 months 1 day to 560 days (80 weeks) |
7.90% |
8.40% |
18 months |
8.05% |
8.55% |
561 days to 990 days |
7.75% |
8.25% |
991 days to 60 months |
7.20% |
7.70% |
Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.
Ujjivan Small Finance Bank offers tax-saving FDs with attractive interest rates that come with a lock-in period of 60 months. These FDs offer stable returns along with additional tax benefits under Section 80C of the Income Tax Act, 1961. Here are the interest rates offered for tax-saving FDs:
Tenure |
Interest Rates |
60 months or 5 years |
7.20% |
Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.
Non-resident Indians (NRIs) looking to invest their income in India can opt for an NRI fixed deposit with the help of Non-resident External (NRE) and Non-resident Ordinary (NRO) Accounts:
Here are the interest rates for an Ujjivan Small Finance Bank NRO FD account:
Tenure |
Interest Rates (p.a.) |
7 days to 29 days |
3.75% |
30 days to 89 days |
4.25% |
90 days to 179 days |
4.75% |
6 months to < 12 months |
7.00% |
12 months |
8.25% |
12 months 1 day to 560 days |
8.00% |
561 days to 990 days |
7.75% |
991 days to 60 months |
7.20% |
60 months 1 day to 120 months |
6.50% |
Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.
Here are the interest rates for an Ujjivan Small Finance Bank Finance NRE FD account:
Tenure |
Interest Rates (% p.a.) |
12 months |
8.25% |
12 months 1 day to 560 days |
8.00% |
561 days to 990 days |
7.75% |
991 days to 60 months |
7.20% |
60 months 1 day to 120 months |
6.50% |
Note: The interest rates mentioned above are subject to change at Ujjivan Small Finance Bank’s discretion. Check the bank’s official website for the latest rates before investing.
Benefits of Investing in Ujjivan Small Finance Bank Fixed Deposits
There are various benefits to investing in an FD offered by Ujjivan Small Finance Bank. Here are some of them:
Book FD Instantly Online
Investors can open a fixed deposit account online, without the need for lengthy paperwork or physical visits to the bank.
Higher Interest Rates
Enjoy competitive interest rates on FDs, which help maximise earnings and grow savings effectively.
Additional Interest Rate for Senior Citizen FDs
Senior citizens receive an additional interest rate on their FDs, making them more attractive for retirement planning and supporting better financial outcomes.
No Penalties for Premature Withdrawals
FDs with Ujjivan Small Finance Bank allow premature withdrawals without penalties after 6 months, offering some flexibility to investors.
Open a Standalone FD
Investors can open a standalone FD without needing a savings account with Ujjivan Small Finance Bank.
Multiple Payout Options
Investors can choose to receive interest payouts quarterly or at maturity, depending on their financial needs.
Here is an example that demonstrates the potential returns on your investment at maturity for tenures of 3 and 5 years, based on an interest rate of 8.75% p.a. This illustration helps you understand how much you could earn depending on the amount invested and the chosen duration.
Investment Amount |
3-year Tenure |
5-year Tenure |
₹50,000 |
₹64,307 |
₹76,053 |
₹1,00,000 |
₹1,28,614 |
₹1,52,106 |
₹1,50,000 |
₹1,92,921 |
₹2,28,159 |
₹2,00,000 |
₹2,57,228 |
₹3,04,212 |
₹2,50,000 |
₹3,21,535 |
₹3,80,265 |
₹3,00,000 |
₹3,85,842 |
₹4,56,318 |
Note: These rates are for illustrative purposes only and may not reflect the actual rates. Please visit the official website to check the latest rates before investing.
Before you begin investing, it is important to understand all the charges involved:
Premature Withdrawal
Ujjivan Small Finance Bank allows for the premature withdrawal of your FD before it reaches maturity. However, certain charges may apply depending on how long the deposit has been held:
If the FD is withdrawn prematurely before completing 6 months from the date of deposit, no interest is paid
If the FD is withdrawn after 6 months but before maturity, the interest rate is 1% lower than the applicable rate for the completed tenure
Tax Deducted at Source
Tax Deducted at Source (TDS) on a fixed deposit is a tax that banks and Non-banking Financial Companies (NBFCs) deduct when they pay interest on your FD. TDS is deducted if the interest earned on your FD exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
The rate of deduction is 10% on the interest income if your PAN details have been provided and 20% if not. However, if your income is below the taxable upper limit, you can submit a self-declaration form—Form 15G for regular citizens or Form 15H for senior citizens—to avoid TDS deduction.
Investing in an Ujjivan Small Finance Bank FD through Bajaj Markets is simple and easy to follow. Here’s a step-by-step guide:
Go to the fixed deposit section
Complete the ‘Invest Now’ form by entering your mobile number, date of birth, and pin code.
Enter the OTP or verification code sent to your mobile number
Review and compare the interest rates offered by various banks and NBFCs
Choose Ujjivan Small Finance Bank FD from the available options, selecting the preferred tenure and interest payout frequency
Fill in your name and PAN card details
Upload copies of your PAN card, Aadhaar card, and a recent photograph for verification
Verify and update any additional information, such as your address, marital status, and email address
Enter your banking information, including your bank’s name, IFSC code, and account number.
Provide the details of your nominee
Make your online payment using your chosen payment method
Frequently Asked Questions
How can I calculate the interest on my FD with Ujjivan Small Finance Bank?
You can calculate the interest on your FD by using the FD calculator available on the Bajaj Markets. Simply enter the deposit amount, tenure, and interest rate to determine the payout at maturity, including the interest earned.
Are there any penalties for changing the payout frequency on my FD?
Once the FD is booked, you may not be able to change the payout frequency. It is important to choose your payout option carefully at the time of booking your FD.
Can I open an FD in the name of a minor?
Yes, you can open an FD in the name of a minor with Ujjivan Small Finance Bank, but it must be under the guardianship of a parent.
Is it possible to get a loan against my FD with Ujjivan Small Finance Bank?
Yes, you can pledge your FD as collateral to secure a loan with Ujjivan Small Finance Bank. You can borrow up to a certain percentage of the deposit amount at a lower interest rate than typical personal loans.
What documents are required to open an FD with Ujjivan Small Finance Bank?
To open an FD with Ujjivan Small Finance Bank, you will need to submit your PAN card, Aadhaar card, and a recent photograph for verification purposes.
Can I book more than one online FD?
Yes, once your first FD is booked, you can book additional FDs.
Who is eligible to open an FD with Ujjivan Small Finance Bank?
To open an FD, you need to meet the following eligibility criteria:
You must be an Indian resident
You must be 18 years of age or older
You must have a valid Aadhaar card and PAN card for Video Know Your Customer (VKYC) verification
You need a working mobile number linked to your Aadhaar card
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