HIGHLIGHTS:
- Highest interest rate for regular customers, NRO would be 8.25% for 12 months and 80 weeks (560 days)
- Highest interest rate for Senior citizens would be 8.75% for 12 months and 80 weeks (560 days)
- Platina FD would get an additional interest rate of 0.20% and are applicable for deposits above Rs.15 Lakhs and below Rs.2 Crores only.
Chennai: Mr. Ittira Davis, Managing Director and Chief Executive Officer Ujjivan SFB commented, “We are pleased to announce the increase in our fixed deposit interest rates for the 12-month tenure and the extension of the higher rate will benefits our clients with short-term deposit needs. This complements our overall strategy of building our granular deposit base, as a retail mass market bank.”
New rates are effective from June 1, 2023 for Regular Customers, NRO and NRE
| Sr. No. | Tenure Bucket | Existing ROI | Proposed ROI |
| 1 | 12 months | 6.50% | 8.25% |
Platina FD would get an additional interest rate of 0.20%, and are applicable for deposits above Rs.15 Lakhs and below Rs.2 Crores only. The Platina FD is non-callable, i.e. partial and premature withdrawal facility is not available in this scheme.
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.
