Highest interest rate
Ujjivan SFB offers general (non senior citizens) customers the highest FD interest rate of 8.25% for an 18-month tenure, while senior citizens can enjoy an even more attractive rate of 8.75% for the same duration. Earlier, the highest interest rate of 8.25% was offered on a 12 month tenure.
Additional benefits for senior citizens
Senior citizens will receive an additional 0.50% interest on all tenures, making FDs an even more attractive investment option for them. The interest rate of 8.75% for 18-months mentioned above for senior citizens includes this 0.5% additional interest.
Latest Ujjivan SFB FD interest rates
Ujjivan SFB offers FD interest rates of 3.75% for a tenure of 7 to 29 days, 4.25% for 30 to 89 days tenure and 4.75% for 90 to 180 days tenure. The bank offers an interest rate of 7.00% for fixed deposits of 6 months to less than 12 months, and 8.10% for deposits of 12 months to less than 18 months. The highest interest rate of 8.25% is offered on an 18-month tenure.
Senior citizen FDs are offering up to 9.5%: Check the current fixed deposit interest rates after RBI cuts repo rate by 25 bpsThe interest rate for FDs with tenure between 18 months 1 day and 990 days is 7.75%, while FDs with tenures from 991 days to 60 months offer an interest rate of 7.20%. For long-term fixed deposits with tenures of 60 months 1 day to 120 months, the bank offers an interest rate of 6.50%.
| Tenure | Interest Rate (p.a.) (Under ₹ 3 Crores) |
| 7 days to 29 days | 3.75% |
| 30 days to 89 days | 4.25% |
| 90 days to 180 days | 4.75% |
| 6 months to | 7.00% |
| 12 months to | 8.10% |
| 18 months | 8.25% |
| 18 months 1 day to 990 days | 7.75% |
| 991 days to 60 months | 7.20% |
| 60 months 1 day to 120 months | 6.50% |
| Additional Interest Rate for Senior Citizens | 0.50% |
Ujjivan savings account interest rate
The interest rate on your savings account depends on the amount of balance you have in it. If your account balance is up to Rs 1 lakh, you earn 3.25% interest per year. If your balance is more than Rs 1 lakh but less than Rs 5 lakh, the interest rate increases to 5.00% per year. For balances above Rs 5 lakh and up to Rs 25 lakh, you get 7.25% interest per year. If your balance is more than Rs 25 lakh, you earn the highest rate of 7.50% per year.
| Account balance | Rate of Interest (p.a.) |
| Up to ₹1 lakh | 3.25% |
| > ₹1 lakh to ₹5 lakhs | 5.00% |
| > ₹5 lakhs to ₹25 lakhs | 7.25% |
| > ₹25 lakhs | 7.50% |
How is the interest rate on savings accounts calculated?
According to the Ujjivan Small Finance Bank website, “Interest is calculated on day-end balances maintained in the savings account and paid out on a quarterly basis. The higher interest rate will be applied and paid only on the basis of the balances maintained as per slabs. For example, if a customer maintains Rs 120,000/- in the savings account, 3.25% interest will be earned for Rs 100,000/- and 5.00% interest will be earned for the remaining Rs 20,000/-.”
