Bank FD Rates: Up to 8.50% interest is available only on FD of 15 months, know details

Bank FD Rates: Ujjivan Small Finance Bank has changed the interest rates on fixed deposits (FD). The new interest rates are applicable from March 7.

Bank FD Rates: Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you. Actually, recently Ujjivan Small Finance Bank has changed the interest rates on Fixed Deposit (FD).

Bank FD Rates: After the revision in interest rates, Ujjivan Small Finance Bank offers interest rates between 3.75 percent to 8.50 percent for general customers. The highest interest rate on a tenure of 15 months is 8.50 percent and the highest interest rate on the same tenure for senior citizens is 9 percent. The new rates are effective from March 7, 2024.

Multiple interest payment options

Deposits above Rs 1 crore and deposits less than Rs 2 crore will only be eligible for the additional interest rate of 0.20 per cent offered by Platina FD. The interest payment options available for Ujjivan SFB are monthly, quarterly and on maturity.

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