Digital Fixed Deposits

Digital Fixed Deposits

Ready to take your savings to the next level? Ujjivan SFB's Digital Fixed Deposits offer the perfect combination of security, convenience, and high returns. With just a few clicks, you can start growing your savings today!

Key Features of our Digital FDs

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    Open a standalone FD. No Savings Account needed!

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    Paperless and secure

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    Multiple payout options - quarterly and at Maturity

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    FD advice delivered to your email ID

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    Visit any of our branches across 26 states and UTs and access your account

Top Benefits of our Digital FDs

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Trusted bank

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Book instantly online

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High interest rates

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Additional Interest rate for Senior Citizen FDs

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No penalties for Pre-mature withdrawals after 6 months

Minimal Requirements

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Aadhaar card

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PAN card

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Mobile number linked with Aadhaar

How to apply

Step 01

Enter your mobile number, PAN and Aadhaar

Step 02

Enter Deposit details and complete the payment

Step 03

Provide personal details

Step 04

Complete video KYC (08:00 AM To 08:00 PM)

Step 05

Receive FD receipt and maximize your returns!

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Latest Interest Rates

(Fixed Deposit Interest Rates effective 1st July 2024 for deposits under ₹3 Crores)

TenureInterest Rate
7 days to 29 days3.75%
30 days to 89 days4.25%
90 days to 179 days4.75%
6 months to < 12 months7.00%
12 months8.25%
12 months 1day to 560 days(80 weeks)8.00%
561 days to 990 days7.75%
991 days to 60 months7.20%
60 months 1 day to 120 months6.50%

Interest      
Rates Up To

8.25%*p.a. 

For Resident     
Senior Citizens

8.75%*p.a.

  • Interest rates are subject to periodic changes and the applicable interest rates will be given based on the date and time of receipt of the funds by the Bank.
  • Contact our branch staff for more details.
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Can I open a Digital Fixed Deposit?

Are you a new customer?

  • You should be a resident individual of 18 years of age or above to open an Online FD.
  • You will need the following documents: Aadhaar Card, PAN Card and mobile number linked to your Aadhaar Card.

Are you an existing customer?

  • You can book an FD instantly online from any of your bank account.

Frequently Asked Questions

What is a Fixed Deposit?

A Fixed deposit is an investment option offered by the banks where an investor can deposit a lump sum of money for a fixed period of time and earn a guaranteed return as interest. The fixed deposit tenure can range from a few days to several years and the interest are typically higher that Savings Account

Fixed deposits are considered to be a safe investment option as they are backed by the deposit insurance guarantee scheme of the Reserve Bank of India, which provides insurance coverage of up to INR 5 lakhs per depositor per bank.

What is a Digital Fixed Deposit?

A digital fixed deposit is a type of fixed deposit that can be opened online through a digital platform provided by the bank. It is a paperless alternative to traditional fixed deposits, which require physical documents and in-person visits to the bank.

Who should invest in a Digital Fixed Deposit?

Digital FDs are great for anyone who wants a safe and secure avenue of investment that they access from anywhere through any device - their laptop or their mobile!

They are non-market-linked instruments and are ideal for risk-averse investors who want to build a corpus for their future, beat inflation, and keep their money safe from market fluctuations.

Is there any risk in Digital FDs?

Fixed Deposits are one of the safest and most reliable investment options. Digital FDs are non-market-linked instruments, which means the returns they provide do not depend on any capital market involvement. Since the interest rates on Digital FD is pre-fixed, there is no element of surprise or risk.

Who is eligible to open a Digital Fixed Deposit with Ujjivan SFB?

 You can open a Digital FD as long as 

 

  • You are a resident Indian of 18 years of age or above.
  • You have a valid Aadhaar and PAN Number
  • You have a working mobile number linked to Aadhaar

Does Ujjivan SFB offer Senior Citizen Fixed Deposits?

Ujjivan SFB offers additional benefits to Senior Citizens, i.e. those who are 60 years of age or older. If you are a Senior Citizen you can earn an additional interest rate with our Digital Fixed Deposits! 

Do I need a savings account with Ujjivan SFB to open a digital FD?

No, you can open a digital FD without having a Ujjivan SFB savings account. You may use your existing savings bank account from any other bank to fund your Digital FD.

What is the minimum amount needed to open a Digital FD account?

The minimum amount needed to open a digital fixed deposit with Ujjivan SFB is ₹1,000.

What is the range of maturities available for Digital Fixed Deposits?

The maturity range for Digital Fixed Deposits is very flexible. Investors can choose from maturity periods as less as 6 months and as high as 10 years.

How much rate of interest do I earn on a Digital Fixed Deposit?

The interest rates depend on the tenure of the Digital Fixed Deposit. Go to our Latest Interest Rates section to check out the interest rates that are applicable for various tenures.

What are the interest payout options available?

With our Digital Fixed Deposits, you can choose from the following interest payout options -

 

  • Quarterly
  • At Maturity (Quarterly Compounded)

What do I need to open a Digital Fixed Deposit?

Opening a Digital Fixed Deposit is easy! Just Keep your Aadhaar Card, PAN Card and the mobile number linked to Aadhaar Card handy!

How do I go about opening a Digital Fixed Deposit?

Opening a Digital Fixed Deposit is a completely online process. It involves 6 steps and takes just a few minutes!

 

  • Step 01

    Enter your mobile number, PAN and Aadhaar

  • Step 02

    Enter Deposit details and complete the payment

  • Step 03

    Provide personal details

  • Step 04

    Complete video KYC (08:00 AM To 08:00 PM)

  • Step 05

    Receive FD receipt and maximize your returns!

Is premature withdrawal allowed in Digital FDs?

Yes, premature withdrawal is allowed in Digital FDs through our branches with penalty as applicable. For more details on premature withdrawal you can connect with us on Toll Free Number - 1800 208 2121

What happens when my Digital Fixed Deposit matures?

The workings of a Digital FD are simple. When your Digital FD matures, the principal deposit amount and the interest accumulated (if any) will be credited to your chosen savings account.

How can I open a Digital Fixed Deposit?

Opening a Digital Fixed Deposit is very easy! Follow the below steps:

 

  • Enter your mobile number, PAN and Aadhaar
  • Enter Deposit details and complete the payment
  • Provide personal details
  • Complete video KYC (08:00 AM To 08:00 PM)
  • Receive FD receipt and maximize your returns!

What time Video KYC will be available?

Video KYC will be available from 08:00 AM To 08:00 PM

Can I open more than one digital FD?

Yes, you can book additional FDs once the first FD is booked.

I already have a digital savings account with Ujjivan SFB. Can I open a digital FD as well?

No. As you have a Digital Savings Account you will not be able to book a Digital Fixed Deposit. After full KYC, you can use Our Mobile Banking, Internet Banking Service or give us a call at our Toll Free number – 1800 208 2121 for future FDs

What are the ways of funding a Digital Fixed Deposit?

To open a Digital Fixed Deposit account, you can pull funds from other banks via Debit Card and Net Banking.

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Open a digital fixed deposit in minutes.

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