Open Fixed Deposit Account Online For Attractive Interest Rates

A person’s wish may change according to time, or they might just want to see what they have got to reach their goal. However, the need for investment in different areas always remains the same. The easiest way to accumulate funds needed for future investments is a deposit. An ideal fixed deposit product is one that you can lock your money in for the long term so that you can decide if it’s time to withdraw or not. Fixed deposits have low mortgage rates, high tenure, and flexible features like freebies and numerous banks. They also help to increase your savings because it provides you with higher interest on your investment as compared to other bank products.

Have a glance at the various fixed deposits with features offered by Ujjivan Small Finance Bank.

Platina Fixed Deposit

• Platina Account is a long-term retail non-callable deposit product.

• The Interest Pay-out options available for this product are monthly, quarterly, and at maturity.

• An auto-renewal facility is 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 a Platina deposit is above ₹15 lakhs and the maximum amount should be below ₹2 crores.

Regular Fixed Deposits

We believe that good investments can bring you long-term returns, and we strongly encourage you to invest in Fixed Deposits. The Fixed Deposits allow greater flexibility with deposit amounts, tenure, and interest rates. You can top up your FDs any time at your convenience, while our senior citizen customers get a higher interest rate of 0.75% p.a., which is one of the highest rates in the industry. Interest rates vary according to the tenure and number of fixed deposits. Senior citizens get an additional interest rate of 0.75% over and above the public rate. Interest is paid quarterly, half-yearly, or annually depending on the tenure chosen.

• Minimum amount - ₹ 1,000 and in multiples of 100.

• You can open a fixed deposit for a minimum period of 7 days to a maximum of 10 years.

• Interest payment options - quarterly, half-yearly, annually, and at maturity.

• Premature closure and partial withdrawal facility allowed.

• Can be opened at center meetings, (up to 15,000) branches, or through mobile and internet banking.

• The rate of interest paid for fixed deposits varies according to tenure and amount.

Tax Saver Fixed Deposits

The tax saver fixed deposit is designed to suit individual needs. It can be used for the purchase of homes and property, for education, and for business purpose investment. One can make regular contributions for his/her future needs with this type of deposit.

• Save on your taxes by availing of tax exemption under Section 80C of the Income Tax Act, 1961.

• The minimum amount of 1000 and maximum of 1,50,000 in an 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.

Regular Recurring Deposits

When you set up a recurring deposit, you have several options to choose from. First, let’s look at the differing rates of interest offered by different products. The basic deposit amount is determined by your account type and tenure – monthly, quarterly, or half-yearly recurring deposits. A regular recurring deposit will also fetch the interest rates with fixed deposits as compared to FDs with no obligations that are eligible for withdrawal after a certain period. 

• Minimum amount - ₹ 100 and in multiples of 100 thereof

• Tenure - 6 months to 10 years

• Interest is calculated quarterly and paid at maturity only

• Premature closure facility allowed

• Can be opened at center meetings (up to 5,000), branches, 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 or not

• Senior citizens get an additional rate of 0.75% over and above the public rate.

Digital Fixed Deposit

Ujjivan Bank's digital fixed deposit offers the highest FD interest rates compared to other banks. We also offer our customers quick, hassle-free solutions with just a few steps. Now open an FD from the comfort of your home. The eligibility criteria are that the applicant should be a resident individual (not a firm), between the age of 18 years and a maximum of 80 years, should not have any operative account with the bank, and should not have an Aadhaar card. The documents required are an Aadhaar card, PAN card, and one utility bill with a payment address.

• 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 into any of 575 banking outlets across 24 states and union territories.

• Get FD advice delivered on registered email id within 24 hours of account opening.

Sampoorna Nidhi

If you are planning to diversify your investments, then we suggest that you consider opening a Fixed Deposit – Sampoorna Nidhi. The interest amount gets credited to your savings account every month and this fixed deposit also ensures that out-of-pocket monthly expenses are covered by our bank. To qualify for an Individual Fixed Deposit, customers must meet the following criteria: Be a resident individual customer with an existing savings account or individual current account. Hold an SGD 1,000 minimum regular or recurring deposit balance and be at least 18 years old.

Minimum amount – ₹ 25,000 and in multiples of 1,000 thereof

• Tenure - 12 to 60 months in multiples of 12 months

• Interest is calculated monthly and deposited to customers' linked USFB savings or current accounts

• Option to close prematurely without penalty after six months of account opening

• Can be opened at center meetings and bank branches

• 75% additional interest rate for senior citizens

• Auto-renewal facility is available

• Higher interest rate than in savings accounts

Sampoorna Lakshya

If you are looking to save towards your goals, sampoorna lakshya recurring Deposits are the perfect option. This product is designed specifically to help you reach such goals in a systematic and calculated manner. This means that all you need to do is choose the right plan and deposit the amount regularly, which will keep track of your finances and make it easy for you to reach your goal.

No minimum age is required, USFB residents are individual customers with an existing savings account or individual current account. Documents required: customer consent on an account opening form.

• 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 center meetings and bank branches

• 75% 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 facilities available.

• Walk into any of our banking outlets across 24 states and union territories for opening the deposit.