Ujjivan Small Finance Bank Increases Fixed Deposit Rates, Offering Competitive Returns.

Ujjivan Small Finance Bank, a leading player in the banking industry, has recently announced revised interest rates on its fixed deposit (FD) products. The revised rates, effective from June 1, 2023, offer attractive returns to both regular and senior citizen customers. This move positions Ujjivan Small Finance Bank as one of the banks offering the highest interest rates on term deposits in the market.
Higher Interest Rates for Regular Customers:

Under the revised rates, Ujjivan Small Finance Bank has increased the interest rate for regular customers, Non-Resident Ordinary (NRO), and Non-Resident External (NRE) accounts to 8.25% from the earlier 6.25%. This adjustment provides regular customers with an excellent opportunity to grow their savings with competitive returns.

Additional Benefits for Senior Citizens:

Senior citizens are set to gain further benefits as Ujjivan Small Finance Bank offers them even higher interest rates on their fixed deposits. This exclusive advantage rewards senior citizens for their contribution and encourages them to invest their savings with the bank. The increased rates for senior citizens make Ujjivan Small Finance Bank an attractive option for this particular demographic.

Platina FD: A Secure Investment Option:

Ujjivan Small Finance Bank's Platina FD is a non-callable term deposit with a flexible tenure ranging from 1 year to a maximum of 5 years. While premature withdrawal is not available under this scheme, it provides stability and security for investors. The additional interest rate is applicable for deposit amounts above Rs.15 Lakhs and below Rs.2 Crores, ensuring that a significant range of customers can benefit from this offer.

Flexible Interest Pay-out Options:

Ujjivan Small Finance Bank recognizes the diverse needs of its customers and offers multiple interest pay-out options. Customers can choose between monthly, quarterly, and at-maturity interest pay-outs, depending on their preferences and financial requirements. This flexibility enables customers to align their investments with their income needs.

Tax Saver Fixed Deposit:

In addition to regular fixed deposit options, Ujjivan Small Finance Bank also provides a Tax Saver Fixed Deposit. This scheme comes with a mandatory lock-in period of five years and offers tax benefits to investors under Section 80C of the Income Tax Act. By investing in this deposit, customers can save on taxes while securing their funds for the long term.

About Ujjivan Small Finance Bank Limited:

Established in February 2017, Ujjivan Small Finance Bank Limited has quickly emerged as a leading small finance bank in India. With a wide network of 639 branches and a dedicated team of 17,000+ employees, the bank serves over 76 lakh customers. Ujjivan Small Finance Bank has a market capitalization of Rs 7,076.20 crores, indicating its strong presence and financial stability.

Stock Performance:

The stock of Ujjivan Small Finance Bank closed slightly higher at Rs 36.28 per share in the latest trading session, representing a marginal increase of 0.64%. Over the past year, the bank's stock has surged by an impressive 120.55%, demonstrating investor confidence in the bank's growth potential. While the stock's performance over the past three years has shown a growth of 28.88%, the recent rate revision on FDs indicates Ujjivan Small Finance Bank's commitment to providing competitive returns to its customers.


Ujjivan Small Finance Bank's recent revision of fixed deposit interest rates presents an attractive opportunity for investors seeking competitive returns on their savings. With increased rates for regular customers and additional benefits for senior citizens, the bank aims to cater to a diverse range of customers. Furthermore, the availability of the Platina FD and flexible interest pay-out options

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