INTEREST RATES FOR SAVINGS ACCOUNT & TERM DEPOSIT
Interest Rates For Platina* Fixed Deposit – Domestic, NRE and NRO
Below mentioned are the Interest Rates with Effect from 19th May, 2022
| TENURE | Interest Rate (p.a.) (Under Rs. 2 Crores) |
|---|---|
| 12 Months | 6.70% |
| 12 Months and 1 Day to 15 Months | 6.20% |
| 15 Months and 1 Day to 18 Months | 6.95% |
| 18 Months and 1 Day to < 24 Months | 6.80% |
| 24 Months | 7.10% |
| 24 Months 1 Day to 989 Days | 6.85% |
| 990 Days | 7.45% |
| 991 Days to 36 Months | 6.85% |
| 3 Years and 1 Day to 5 Years | 6.60% |
| Additional Interest Rate for Resident Senior Citizens | 0.50% |
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
- Platina Deposit is a Retail Non-callable deposit product. Part closure & Pre closure facility is not available for this scheme.
- Customers can book Platina Deposit for a Minimum 12 Months to Maximum 60 Months.
- Starting amount for booking Platina deposit is above Rs.15 Lakhs and the maximum amount should be below Rs.2 Crs.
Interest Rates For Domestic & NRO* Fixed Deposits And Sampoorna Nidhi
Below mentioned are the Interest Rates with Effect from 19th May, 2022
| 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% |
| 6 Months | 5.00% |
| > 6 Months to < 9 Months | 4.75% |
| 9 Months | 5.05% |
| > 9 Months to < 12 Months | 6.50% |
| 12 Months | 6.50% |
| 12 Months and 1 Day to 15 Months | 6.00% |
| 15 Months and 1 Day to 18 Months | 6.75% |
| 18 Months and 1 Day to < 24 Months | 6.60% |
| 24 Months | 6.90% |
| 24 Months and 1 Day to 989 Days | 6.50% |
| 990 Days | 7.10% |
| 991 Days to 36 Months | 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 Recurring Deposits and Sampoorna Lakshya
Below mentioned are the Interest Rates with Effect from 19th May, 2022
| TENURE | Interest Rate (p.a.) |
|---|---|
| 6 months | 5.00% |
| 9 months | 5.05% |
| 12 months | 6.50% |
| 15 months | 6.00% |
| 18 months | 6.75% |
| 21 months | 6.60% |
| 24 months |
6.90% |
| 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 19th May, 2022
| Term Deposits | Interest Rate (p.a.) (Under Rs. 2 Crore) |
|---|---|
| 12 Months | 6.50% |
| 12 Months and 1 Day to 15 Months | 6.00% |
| 15 Months and 1 Day to 18 Months | 6.75% |
| 18 Months and 1 Day to < 24 Months | 6.60% |
| 24 Months |
6.90% |
| 24 Months and 1 Day to 989 Days | 6.50% |
| 990 Days | 7.10% |
| 991 Days to 36 Months | 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 19th May, 2022.) as well as Non-Resident accounts.
| Amount | Interest Rate (p.a.) |
|---|---|
| Up to 1 lakh | 3.50% |
| Above Rs. 1 lakh upto Rs. 5 lakh* | 6.00% |
| Above Rs. 5 lakh upto 1 Crore* | 7.00% |
| Above Rs. 1 Crore and upto Rs. 10 Crore* | 6.00% |
| Above Rs. 10 Crore | 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, 3.50% interest will be earned for Rs.100,000/- and 6.00% interest will be earned for the remaining Rs.20,000/-