DEPOSITS
Ujjivan Bank Regular Fixed Deposits
- Minimum amount - `1,000 and in multiples of `100 thereof.
- Fixed Deposits can be opened for a minimum period of 7 days to a maximum of 10 years.
- Interest payment options - monthly, quarterly, half yearly, annually and at Maturity (Discounted interest rate for monthly interest payout option).
- Premature Closure and Partial Withdrawal facility allowed.
- Can be opened at Centre meetings (upto `15,000) branch, mobile banking and Net Banking.
- The rate of interest paid for fixed deposits will vary according to tenure and amount.
- 0.5% additional rate for senior citizens.
Ujjivan Bank Tax Saver Fixed Deposits
Earn higher interest by investing your money in our fixed and recurring deposits. We provide flexibility with our lock-in periods that help you make long term decisions with your hard-earned money.
- Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961.
- Minimum `1000 and Maximum of `1,50,000 for a 5 year lock-in-period.
- Eligibility: For Residents and HUF (Hindu Undivided Family).
- Interest Payment Options – Quarterly , Monthly (Discounted) and at Maturity.
NOTE : As per the Term Deposit Scheme, 2006 issued by the Central Government of India , premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted.
Ujjivan Bank Regular Recurring Deposits
- Minimum amount - `1000 and in multiples of `100 thereof.
- Tenure - 6 months to 10 years.
- Interest calculated quarterly and paid at Maturity only.
- Premature Closure facility allowed.
- Can be opened at Centre meetings (upto `5,000) branch, mobile banking and Net Banking.
- Customers can fund the Recurring Deposits across any branch irrespective of whether he/she has an account with that branch.
- 0.5% additional rate for Senior Citizens.
Click here, to view interest Rates
Ujjivan Bank Digital Fixed Deposit
Scaling and Growing exponentially is the need of the hour and in that endeavour what better weapon to use than Technology. Leveraging the digital channels to full effect for Customer Acquisition at a rapid pace is paramount to the bank.
Ujjivan has always provided its customers with high return investment opportunity through their high yielding fixed deposits products. The industry leading interest rates have caught the attention of many who have chosen the bank to create fixed deposits to avail the facility.
Now, we provide you the convenience to open a Savings account or Fixed Deposit from the comfort of your home in few simple steps. Just keep your Aadhar and Pan handy for Instant Account opening.
Key Features of Savings Account
- Open a Savings Bank account Instantly.
- Free Debit Card for 1st year.
- No minimum balance.
- Free Transaction SMS alerts.
- Unlimited free transaction on Ujjivan Bank ATM | 6 free transaction on other bank ATM.
- Speak directly to our 24*7 call center representative.
- Walk-in to any of 474 banking outlets across 24 states and union territories.
- State of art mobile banking in regional languages, bill payments, UPI, recharges and fingerprint login.
- 1 lac accidental insurance on Rupay debit card.
- Banking License Approved by RBI.
Key Features of Fixed Deposit
- Open a standalone FD without opening a Savings Account.
- High Interest rate of 8.3% on FD for a tenure of 799 days.
- Open an FD for a duration of 30 days to 10 years.
- Fund your fixed deposit by Net Banking / UPI / Debit Card.
- Option to withdraw prematurely without penalty after 6 months.
- Speak directly to our 24*7 call center representative.
- Walk-in to any of 474 banking outlets across 24 states and union territories.
- Get FD advice delivered on registered email ID within 24 hours of opening the account.
Offers
- Exclusive offers on shopping, restaurants etc., (in collaboration with RUPAY).
Eligibility Criteria
- For all New to Bank Prospects.
- Eligibility: Above 18 years for FD and age bracket of 18-60 years for savings Account.
- Docs Required: Adhaar and PAN. Please check if your mobile number is linked to Aadhaar.
- Have a valid document for the communication address.
- Agree to link the savings account to receive DBT.
- Complete the full KYC within one year from the date of account opening.
An Individual should not have already opened a non-face to face savings account with any other bank.
NOTE : As per the Term Deposit Scheme, 2006 issued by the Central Government of India , premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted.