Earn Higher Interest Rates on Fixed Deposit with This Account

The RBI’s Monetary Policy Committee cut the repo rate by 50 basis points to 5.50% in its June 2025 meeting, marking the second consecutive reduction within six weeks to support growth amid benign inflation. This shift to an “accommodative” stance follows a February cut spurred by a manufacturing slowdown, with policymakers aiming to bolster domestic demand as retail inflation hovers near target.

In response, many banks have trimmed deposit rates, eroding returns on standard savings and fixed deposits. However, savvy investors can still capitalize on differentiated products—such as Ujjivan’s Digital Fixed Deposit and Platina Fixed Deposit —to lock in rates that outpace most competitors.

Ujjivan’s Digital Fixed Deposit: High Yield, Full Flexibility

Ujjivan Small Finance Bank’s Digital Fixed Deposit stands out by offering a base rate of 8.05%* p.a. (for FDs booked for 18 months, data as on 28 April 2025), with an additional 0.50% for senior citizens, taking it to 8.55% p.a. 

Key Features

• Tenure & Rates: Tenures ranging from 7 days to 10 years, interest rates up to 8.05%* p.a.; other tenures up to 60 months at slightly. You can check the latest interest rates here.
• Digital Onboarding: 100% paperless account opening process via Video KYC. Kindly make sure to keep your Aadhar and PAN details ready for KYC. Your Aadhar should be linked to your registered mobile number.
• Liquidity: Premature withdrawals permitted (with standard penalties), combining liquidity with high yield.
• No Need to Open a Savings Account: You can open a standalone Fixed Deposit. However, having a Savings Account with the same bank may help at the time of maturity. 

Platina FD: Premium Returns for Large Deposits

For investors with substantial capital, Ujjivan’s Platina Fixed Deposit offers 8.25%* p.a. interest rate (*T&C apply). Please note that it’s a non-callable FD, meaning you cannot withdraw or break your FD before the maturity date.

Key Features

• Higher interest rates up to 8.25%* p.a. (*T&C apply)
• Requires a minimum deposit of ₹1 crore and caps at ₹3 crore, catering to HNIs, corporate treasuries, and savvy individuals
• NRIs or Non-Resident Indians are eligible to open this account
• Tenure options range from 12 months to 60 months
• Senior citizen interest rates are not applicable