Deposit Account
PLATINA FD
Everyone has aspirations. For some, it could be buying a new house or a car, whereas it could be ensuring quality higher education or a dream wedding for their kids, for others. While aspirations are different for everyone, what’s common is that all of them require a sizeable fund built over years.
It is precisely for these dreams and aspirations, Ujjivan Small Finance Bank has introduced Platina Fixed Deposit, where our customers will get higher rate of interest over and above our regular fixed deposit rates. Platina deposits are available for TASC, Non-individuals (excluding FIG) and for all individuals including NR customers. However, the senior citizen additional rate will not be applicable for Platina deposits.
Platina Fixed Deposit Features:
- Platina Deposit is a Retail Non-callable deposit product. Part closure and Pre-closure facility are not available for this scheme.
- Customers can book Platina Deposit for a minimum period of 12 months to a maximum of 60 months.
- Starting amount for booking Platina deposit is above ₹15 lakhs and the maximum amount should be below ₹2 crores.
- Interest Pay-out options available for this product are monthly, quarterly and at maturity.
- Auto-Renewal facility is not available for this scheme.
To view interest Rates Click here,
Regular Fixed Deposits
Our aspirations for the future sometimes go on to become special occasions in our lives. Saving for these aspirations is a vital part of preparing for it. Whether it is higher education for your children, saving for a car or investing in property, you always have something to look forward to, something to save for. Our Fixed Deposits gives you the perfect avenue to invest in your future. Allowing greater flexibility with deposit amounts and tenure, the fixed deposit at Ujjivan SFB allows you more freedom with your savings.
Ujjivan Small Finance Bank offers Fixed Deposits (FDs) ranging from 7 days to 10 years. We offer overdraft facility and loan against the value of the FD, which can be repaid in easy instalments. What’s more! Not only this Ujjivan SFB’s FDs pay more interest to our senior citizens and our Senior Citizen customers get a higher interest rate of 0.50% p.a. for any tenure.
Features
- Minimum amount - ₹ 1,000 and in multiples of ₹ 100 thereof
- You can open a fixed deposit for a minimum period of 7 days to a maximum of 10 years
- Interest payment options - quarterly and at maturity
- The discounted interest rate for monthly interest pay-out option
- Premature closure and partial withdrawal facility allowed
- Can be opened at Centre meetings (upto ₹ 15,000) branch, or through mobile and internet banking
- The rate of interest paid for fixed deposits varies according to tenure and amount
- 0.50% p.a. additional rate for Senior Citizens
To view interest rates, click here.
Tax Saver Fixed Deposits
Saving for the long term has more than one benefit. While it ensures financial security at the time of maturity of the deposit, It also earns sizeable amount of interest. The Tax Saver Fixed Deposit provides an additional advantage of tax concession based on your deposit. What’s more! You can also opt to receive the interest on a monthly or quarterly basis to provide you with some extra money to spend. Saving for the long term, after all, has its benefits!
Features
- Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961
- Minimum amount of ₹1000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period
- Only Indian residents and members of Hindu undivided family (HUF) are eligible
- Interest payment options – quarterly, monthly (at a discounted rate) and at maturity
- Tax Saver Fixed Deposit is available for resident individuals and HUF only.
To view interest rates, click here.
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.
Regular Recurring Deposits
While the feeling of receiving your salary at the end of every month is rewarding, what is more rewarding is to be able to save a part of that every month for a more prosperous future.
A recurring deposit is a type of online fixed deposit that allows you to set aside some portion of your earnings every month. In other words, this type of FD lets you deposit a fixed sum every month, which accumulates to a more significant saving at the end of the term while fetching a slightly higher rate of interest along with it. Choose to opt for online FD opening and select the basic deposit amount you are comfortable with, along with a flexible tenure. You can then take a leap of faith into a recurring deposit without worrying about discontinuity.
Features:
- Minimum Fixed Deposit amount ranges from ₹ 100 and in multiples of ₹ 100 thereof
- The tenure can range from 6 months to 10 years
- The Fixed Deposit Interest rate is calculated quarterly and paid at maturity only
- Premature closure facility allowed
- Can be opened at centre meetings (up to ₹ 5,000), branch, mobile banking, and internet banking
- Customers can fund the recurring deposits across any branch irrespective of whether he/she has an account with that branch
- Senior Citizens can avail of highest FD interest rates, i.e. an additional. 0.50% p.a.
To view interest Rates Click here.
Digital Fixed Deposit
Now open a FD with higher interest rates from the comfort of your home. A few simple steps required and your Digital FD will be created in just a few minutes. Just keep your Aadhaar card and PAN card handy for instant account opening.
You deserve quicker and hassle-free solutions, Open Ujjivan Bank Digital FD without any paper-work. We provide convenient banking channels to match your fast-paced lifestyle. Receive your FD advice on your registered e-mail id within 24 hours of account opening.
Open Ujjivan Bank Digital Fixed Deposit Now and start earning higher interest rates on your deposits.
Features Of Digital Fixed Deposit:
- Open a standalone FD without opening a Savings Account
- Open an FD for a duration of 6 months 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 customer care executive in your preferred language 24*7
- Walk-in to any of 629 banking outlets across 24 states and union territories.
- Get an FD advice delivered on registered email id within 24 hours of account opening.
Rate Of Interest:
- For Fixed Deposit interest, please click here.
Eligibility Criteria:
- For New to Bank Prospects (Existing Ujjivan SFB customers cannot open a Digital Savings Account)
- Any resident Individualof 18 years of age or above can open a Digital FD
- Documents required: Aadhaar card and PAN card. Please check if your mobile number is linked to your Aadhaar card.
- Have a valid document for the communication address.
- Should not have an operative account with the bank
Sampoorna Nidhi
Who doesn’t want a second income?
Whether you are a young couple embarking on a newly married life or you have retired and are living now on meagre income and savings, that extra income is something you will always welcome with open arms. That is why we suggest you open a Fixed Deposit with our bank - Sampoorna Nidhi. It is a second income you can trust.
Opening a Sampoorna Nidhi Fixed Deposit account ensures you get consistent and regular interest on your money, which is almost like an additional monthly income. This fixed deposit gives a higher rate of interest and the interest amount gets credited to your savings account every month. In short, Sampoorna Nidhi takes care of your out-of-pocket monthly expenses along with securing your family’s future.
Features:
- Minimum amount – ₹ 25,000 and in multiples of ₹ 1,000 thereof
- Tenure - 12 to 60 months in multiples of 12 months
- Interest calculated monthly and deposited to customers' linked USFB saving or current account
- Option to close prematurely without penalty after six months of account opening
- Can be opened at centre meetings and bank branches
- 0.50% additional interest rate for senior citizens
- Auto-renewal facility is available
- Higher interest rate than in savings accounts
- Fund your deposit directly from the Ujjivan SFB account
- 24*7 customer care facility available
- Walk into any of our banking outlets across 24 states and union territories
- Get Sampoorna Nidhi advice delivered on registered email ID within 24 hours of opening the account
Eligibility Criteria
- Resident individual customers with existing savings account or individual current account
- No minimum age requirement
- Documents required: customer consent on an account opening form
NOTE * Monthly interest computation on term deposits is at discounted rates.
Sampoorna Lakshya
Making goals and keeping targets is what makes our lives exciting. Now, you do not need to worry about how you will achieve those targets. Just start saving in our Sampoorna Lakshya Recurring Deposits product and through which we support you in achieving your goals and dreams.
Attaining the goal of saving for your daughter’s marriage or buying a new fridge has never been easier. Sampoorna Lakshya is designed specifically to help you reach such goals. We help you plan and invest your money systematically and regularly through a recurring deposit that is customised to help you achieve your dreams, whatever they may be.
Features
- Minimum goal amount of ₹ 3000 and in multiples of ₹ 1,000 thereof
- Tenure - 3 to 120 months in multiples of 1 month
- Option to close prematurely without penalty after 6 months
- Can be opened at centre meetings and bank branches
- 0.50% additional interest rate for senior citizens
- Higher interest rate compared to a savings account
- Fund your deposit directly from the USFB account
- 24*7 customer care facility available.
- Walk into any of our banking outlets across 24 states and union territories for opening the deposit
- Get Sampoorna Lakshya passbook printed at the branch
Eligibility Criteria
- USFB resident individual customers with existing savings account or individual current account
- No minimum age required
- Documents required: customer consent on an account opening form
