Bank FD Rates Change: The bank has revised the interest rates of FD and RD. This step has been taken after the fall in the repo rate. Let’s know how much interest is being received on how many days’ tenure?
Bank FD Rates Change: Ujjivan Small Finance Bank has revised the interest rates of fixed deposits, RD and savings deposits simultaneously. After the revision, it is offering interest ranging from 3.50% to 7.75% to general citizens on regular FD of Rs 3 crore. At the same time, senior citizens are getting 0.50 percent extra return. The interest rate for senior citizens is 4% to 8.25%. This facility is not available for ARO deposits.
According to the official website of the bank, the highest return is being received on FD tenure of 24 months, the interest rate is 7.75%. The second number is the tenure of 24 months 1 day to 990 days. On this, general citizens get 7.50% interest and people of 60 years or more get 8% interest. At the same time, the lowest return is being received on the tenure of 7 to 29 days. The new rates are effective from June 19.
How much return is being received on special FD scheme?
Ujjivan Small Finance Bank has also implemented new interest for Platinum FD scheme. General citizens are getting a maximum of 7.85%. Talking about tax saver FD, 7.20% interest will now be available on 5-year tenure. In this, an investment of Rs 1,000 to Rs 1.50 lakh can be made.
Interest rate according to tenure
- 7 days to 29 days – 3.50%
- 30 to 89 days – 4.15%
- 90 days to 180 days – 4.65%
- 6 months to less than 12 months – 6.50%
- 12 months to less than 24 months – 7.65%
- 24 months – 7.75%
- 24 months 1 day to 990 days – 7.50%
- 991 days to 60 months – 7.20%
- 60 months 1 day to 120 months – 6.25%
New interest rates for RD scheme
The bank has also implemented new rates for recurring deposits from June 19. 7.75% interest is being given on 24 month tenure. If a person invests for 6 to 9 months, he will get 6.50% interest. 7.50% interest is being given on RD of 27 to 30 months. The bank is offering 7.20% interest rate for RD of 33 months to 60 months and 6.50% interest on RD of 63 to 120 months.
