INTEREST RATES FOR SAVINGS ACCOUNT & TERM DEPOSIT
Interest Rates for Domestic & NRO* - Fixed Deposits
Below mentioned are the Interest Rates with Effect from 16th August, 2021
| TENURE | Interest Rate (p.a.) (Under Rs. 2 Crores) |
|---|---|
| 7 Days to 29 Days | 2.90% |
| 30 Days to 89 Days | 3.50% |
| 90 Days to 179 Days | 4.25% |
| 180 Days to 364 Days | 4.75% |
| 1 Year to 2 Years | 6.00% |
| 2 Years and 1 Day to 3 years | 6.50% |
| 3 Years and 1 Day to 5 Years | 6.25% |
| 5 Years and 1 Day to 10 Years | 6.00% |
| Additional Interest Rate for Senior Citizens | 0.50% |
We have revised our Interest calculation methodology for Cumulative/Reinvestment , kindly click here for more information. Contact our branch staff for more details
Interest Rates for Resident* - Recurring Deposits
| TENURE | Interest Rate (p.a.) (Under Rs. 2 Crores) |
|---|---|
| 6 months to 9 months | 4.75% |
| 12months to 24 months | 6.00% |
| 27 months to 36 months | 6.50% |
| 39 months to 60 months | 6.25% |
| 63 months to 120 months | 6.00% |
| Additional Interest Rate for Senior Citizens | 0.50% |
| *Disclaimer clause: “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” | |
Interest Rates for NRE* - Fixed Deposits
Below mentioned are the Interest Rates with Effect from 16th August, 2021
| Term Deposits | Interest Rate (p.a.) (Under Rs. 2 Crore) |
|---|---|
| 1 Year to 2 Years | 6.00% |
| 2 Years and 1 Day to 3 Years | 6.50% |
| 3 Years and 1 Day to 5 Years | 6.25% |
| 5 Years and 1 Day to 10 Years | 6.00% |
- *Please Note: No Additional Interest Rate for Senior Citizens
- 1. Minimum Tenure for NRE Deposit is 1 year
- 2. In case of pre-closure within 1 year no interest shall be paid and no penalty would be levied
- 3. In case of part withdrawal within 1 year no interest shall be paid on the amount partially withdrawn and no penalty would be levied
Interest Rates* - Savings Account
Below mentioned are the Interest Rates for Domestic(with Effect from 6th March, 2021.) as well as Non-Resident accounts.
| Amount | Interest Rate (p.a.) |
|---|---|
| Up to 1 lakh | 4.00% |
| > 1 Lakh to 25 Lakhs | 7.00% |
| > 25 lakhs to 10 Crores | 6.00% |
| > 10 crores | 6.75% |
Please write to customercare@ujjivan.com to know more.
- * Important Points: No Additional Interest Rate for Senior Citizens
- * Calculation Methodology applicable for Savings Accounts:
- 1. Interest is calculated on day-end balances maintained in the savings account and paid out on a quarterly basis
- 2. The higher interest rate will be applied and paid only basis the balances maintained as per slabs.
Ex: If a customer maintains Rs.120,000/- in the savings account, 4.00% interest will be earned for Rs.100,000/- and 7.00% interest will be earned for the remaining Rs.20,000/-