Ujjivan Small Finance Bank (SFB), a DICGC-insured lender, has raised rates of interest on its Platina Fixed Deposit particular time period deposit plan. Platina Fixed Deposits could be booked for maturities starting from 12 months to 60 months, with deposits starting from Rs.15 lakhs to Rs.2 crores. However, buyers needs to be conscious that the Ujjivan Small Finance Bank Platina Fixed Deposit scheme is a non-callable deposit instrument, which signifies that depositors can’t make partial or untimely withdrawals from this retail time period deposit scheme.
Ujjivan Small Finance Bank Platina Fixed Deposit Interest Rates
The financial institution revised its rates of interest on June 13, 2022, and on account of the modification, the financial institution now provides an rate of interest of 6.90 per cent on 12-month deposits, up from 6.705 per cent beforehand, a 20 foundation level improve. The financial institution’s rate of interest on deposits of 12 months and 1 day to fifteen months has remained regular at 6.20 per cent. The financial institution will now present an rate of interest of seven.20 per cent on Platina fastened deposits maturing in 15 months and 1 day to 18 months, up from 6.95 per cent earlier than, a 25 foundation level improve.
Ujjivan SFB will now present an rate of interest of 6.80 per cent on Platina FDs maturing in 18 months and 1 day to lower than 24 months, and an rate of interest of seven.30 per cent on deposits maturing in 24 months, up from 7.10 per cent earlier than, a 20 foundation level improve. Deposits maturing in 24 months 1 day to 989 days will now earn an rate of interest of 6.70 per cent, up from 6.85 per cent earlier than, a 15 foundation level improve, whereas deposits maturing in 990 days pays an rate of interest of seven.40 per cent, up from 7.45 per cent beforehand.
The rate of interest on deposits from 991 days to 36 months might be 6.70 per cent, up from 6.85 per cent beforehand, whereas the rate of interest on deposits from 36 months 1 day to 42 months might be 6.45 per cent. Furthermore, the financial institution will now present an rate of interest of seven.40 per cent on long-term Platina deposits starting from 42 months 1 day to 60 months. Senior residents will obtain an extra fee advantage of 0.50 per cent over the common fee throughout all tenors of Ujjivan SFB’s Platina Fixed Deposit plan. The financial institution supplies a most rate of interest of seven.40 per cent to non-senior residents and seven.90 per cent to senior residents on Platina fastened deposits maturing in 990 days and 42 months 1 day to 60 months respectively.
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Ujjivan Small Finance Bank Platina Fixed Deposit (ujjivansfb.in)
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