Ujjivan Small Finance Bank FD Rates — Complete Guide & Latest Returns

*T&C Apply

Punjab National Bank

6.60%

6.25%

6.40%

6.25%

Ujjivan Bank

7.55%

7.25%

7.25%

6.50%

You can compare the Fixed Deposit interest rate with that of other banks and choose the best schemes according to your financial goals in Ujjivan Finance.

Bonus Tip: Do you know? You can typically get up to 70-90% of the deposit value. The interest rate is usually 1-2% higher than the FD rate, making it a more affordable alternative to personal loans.

Eligibility Criteria & Required Documents for Ujjivan Bank FD Interest Rates

If you want to open a Ujjivan Fixed Deposit Account, you have to meet the eligibility criteria and provide some required documents. Here is the list of eligibility criteria for Ujjivan Finance Fixed Deposit:

• Resident individual
• Limited companies
• HUF

Just follow the basic requirements, collect the needed documents, and send in your application. This way, you can begin earning steady, fixed returns with confidence.

Here is the list of documents for the Ujjivan Finance Fixed Deposit:
 

• Aadhar Card
• Passport-sized photographs
• Form 60 (if PAN isn’t available)
• PAN Card
• Address proof (Passport, Utility bills, Driving License)

These eligibility and documentation requirements apply to the Ujjivan Bank Fixed Deposit.

Bonus Tip: Ujjivan SFB's Digital Fixed Deposits give you security, convenience, and strong returns. You can start saving and earning more in just a few clicks.

What are the Tax Implications of Ujjivan Bank FD?

When you withdraw your FD maturity amount, TDS is deducted based on specific rules. If your maturity amount is below ₹40,000 (or ₹50,000 for senior citizens), no TDS is deducted. 

If you have provided your PAN details, TDS is 10%. If you have not provided your PAN details, the TDS rate is 20%.

Exceptions to TDS Deductions:

If your annual income is below ₹2,50,000, no TDS will be deducted, even if your FD maturity amount is more than ₹40,000. No TDS is deducted if your tax liability is zero. 

Tax Saver FD holders can also claim tax exemptions under Section 80C of the Income Tax Act.

How to Invest in Ujjivan Bank FD?

If you want to open a Ujjivan Bank FD Account, you have to follow these steps. Here are the steps:

Step 1: Go to the Ujjivan FD page.

Step 2: Select ‘New Customer’ and complete the KYC process.

Step 3: Enter the FD details, such as principal, tenure, and interest payout option.

Step 4: Pay the principal to book your Platina FD.

You can apply for the Ujjivan Bank FD using the following steps.

Conclusion 

The Ujjivan Bank Fixed Deposit offers competitive interest rates with different tenures, ranging from a minimum of 7 days to a maximum of 10 years.

The Ujjivan Bank offers schemes to its customers for their welfare, enabling them to earn a high return on their investment, which helps Ujjivan Bank customers to plan a secure future.

FAQs

What are the interest payout options offered in Ujjivan Small Finance Bank fixed deposit accounts?

Ujjivan Small Finance Bank lets you choose how often you receive interest on your fixed deposit. You can get payouts monthly, quarterly, half-yearly, yearly, or at maturity.

What is the minimum amount required to open an Ujjivan Small Finance Bank FD?

You need at least Rs.1,000 to open a fixed deposit account with Ujjivan Finance Bank.

Does Ujjivan Small Finance Bank offer senior citizens the additional interest rate for all tenures?

Yes, senior citizens get an extra 0.50% interest per year on all deposit tenures with Ujjivan Small Finance Bank.

Is it safe to avail Ujjivan fixed deposit rates?

With Stable Money, you can open a fixed deposit directly with Ujjivan Bank. According to Reserve Bank of India (RBI) rules, your fixed deposits are insured up to ₹5,00,000 by the Deposit Insurance Credit Guarantee Corporation (DICGC), so it is considered a safe choice.