Small Finance Bank revises FD interest rates and senior citizens can earn up to 8.75% while regular investors can get up to 8.25%.\


Key Highlights :

1. Ujjivan Small Finance Bank has increased fixed deposit interest rates on various tenures with effect from March 8, 2023.
2. The new rates apply to Platina FDs, domestic deposits, recurring deposits, and NRE-fixed deposits.
3. Ujjivan SFB interest rates for fixed deposits and Sampoorna Nidhi After the revision, the bank will now offer an interest rate of 3.75% deposits maturing in 7 days to 29 days, and an interest rate of 4.25% on those maturing in 30 days to 89 days, according to Ujjivan Small Finance Bank.
4. Deposits that mature in the 90 to 179 days at a rate of 4.75% and on deposits that mature in the following 6 to 9 months at a rate of 5.50%.
5. Deposits with maturities ranging from 9 months, 1 day to 13 months will earn interest at a rate of 6.50%, while deposits with maturities ranging from 13 months and 1 day to 559 days is hiked to 8%.
6. On deposits maturing in 80 Weeks (560 Days), the bank will now offer a maximum interest rate of 8.25%, whereas Ujjivan SFB will now offer a 7.50% interest rate on deposits maturing in 561 Days to 989 Days.
7. Deposits with a 990-day maturity period now earn 7.75% interest, while those with a 991-day to 60-month maturity period now earn 7.20% interest.
8. Senior citizens


for the latest news, insights and analysis on the economy, markets and investments. In This Section Ujjivan Small Finance Bank has increased fixed deposit interest rates on various tenures with effect from March 8, 2023. The new rates apply to Platina FDs, domestic deposits, recurring deposits, and NRE-fixed deposits. Ujjivan Small finance Bank has revised fixed deposit interest rates on various tenures with effect from March 8, 2023, as per the bank’ s website. The revised rates are applicable on Platina FD, Domestic, Recurring Deposits, and NRE- Fixed Deposits. Ujjivan SFB interest rates for fixed deposits and Sampoorna Nidhi After the revision, the bank will now offer an interest rate of 3.75% deposits maturing in 7 days to 29 days, and an interest rate of 4.25% on those maturing in 30 days to 89

Continue Reading at Source : economictimes_indiatimes
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