Interest rates on domestic deposit accounts under 2 crore rupees have been enhanced by Ujjivan Small Finance Bank (SFB). The decision was made public today, June 13, 2022, and the bank now offers deposits with terms ranging from 7 days to 120 months an interest rate of 2.90 per cent to 6 per cent.
Interest rates for domestic and – anti-fixed deposits, and also Sampoorna Nidhi, have been altered, according to the bank’s website.
FD Rates at Ujjivan Small Finance Bank
The rate of interest on deposits with a maturity of 7 to 29 days will be 2.90 per cent, while the rate on deposits with a maturity of 30 to 89 days will be 3.50 per cent.
On deposit accounts maturing in 90 days to 179 days, the bank will continue to give a 4.25 per cent interest rate and a 5.00 per cent interest rate on savings maturing in six months. On deposits of 6 months to less than 9 months, Ujjivan SFB will continue to pay 4.75 per cent interest, while the interest rate on savings of 9 months will remain at 5.05 per cent.
On deposits of 9 months to less than 12 months, the bank will continue to give a 6.50 per cent interest rate, and on deposits of 12 months, the institution will now offer a 6.70 per cent interest rate, up from 6.50 per cent previously, reflecting a 20 basis point increase.
Fixed deposits expiring in 12 months and 1 day to 15 months now will earn a rate of 6.00 per cent, up from 6.75 per cent previously, while deposits coming in 15 months and 1 day to 18 months will earn a rate of 7.00 per cent, up from 6.75 per cent previously. The interest rate on deposits with a maturity of 18 months or less has stayed unchanged at 6.60 per cent.
Deposits maturing in 24 months will now earn a 7.10 per cent interest rate, up from 6.90 per cent previously, a 20 basis point rise, while savings expiring in 24 months and 1 day to 989 days will earn a 6.50 per cent interest rate.
The interest rate on deposits maturing in 990 days has increased by 10 basis points to 7.20 per cent, while the rate on deposits expiring in 991 days to 36 months has stayed unchanged at 6.50 per cent.