Ujjivan Small Finance Bank: Ujjivan Small Finance Bank has increased the interest rates on the deposit amount for different tenors. According to the bank, citizens up to 60 years of age will be offered an interest rate of 6.6 percent on the deposit amount for a period of 19 months and one day to 24 months.
At the same time, the bank will pay 6.5 percent interest for a period of 12 months. The bank was earlier paying 6 per cent interest on the deposit amount for these tenors. According to Ujjivan Small Finance Bank, the new rates have become effective from December 9, 2021. The bank will offer an additional interest of 0.75 per cent to senior citizens. This interest rate is applicable from December 9.
Such benefits for senior citizens: According to the information given by the bank, if a senior citizen invests Rs 1,00,000 at 7.35 percent for 24 months, then he can earn a return of up to Rs 1,15,681. Ujjivan SFB allows interest payment options on quarterly, half-yearly, yearly and maturity. Premature closure and partial withdrawal facility is also available.
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