Ujjivan Small Finance Bank has revised its rates of interest on financial savings accounts. As per the financial institution’s official web site, the brand new charges are in drive from ninth August. Savings account holders will now get a most rate of interest of seven% on account of the adjustment. On a quarterly foundation, this curiosity is paid out primarily based on the day-end balances which are saved within the financial savings account.
Ujjivan Small Finance Bank Savings Account Interest Rates
On financial savings account balances of as much as 1 lakh, the financial institution is now providing an rate of interest of three.50% and on financial savings account balances of greater than ₹1 lakh as much as ₹5 lakh, the financial institution will now supply an rate of interest of 6.00%. Ujjivan Small Finance Bank will now supply a most rate of interest of seven% on financial savings account balances of greater than ₹5 lakh to ₹5 crore and on financial savings financial institution deposits of greater than ₹5 crore the financial institution will now supply an rate of interest of 6.75%.
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Ujjivan Small Finance Bank Savings Account Interest Rates (ujjivansfb.in)
The financial institution has talked about on its web site that “The increased rate of interest will probably be utilized and paid solely foundation the balances maintained as per slabs. Ex: If a buyer maintains Rs.120,000/- within the financial savings account, 3.50% curiosity will probably be earned for Rs.100,000/- and 6.00% curiosity will probably be earned for the remaining Rs.20,000/-.”
The rates of interest on mounted deposits beneath ₹2 Cr have been elevated at Ujjivan Small Finance Bank. The new rates of interest on mounted deposits will take impact on August ninth, 2022. The financial institution is now giving an rate of interest on the Platina Fixed Deposit Scheme that ranges from 7.20 % to 7.40 % on deposits maturing in 12 months to 60 months. The financial institution is now giving a most rate of interest of seven.70 per cent on Platina Fixed Deposits of 75 weeks (525 Days). The financial institution is now offering an rate of interest starting from 3.75 % to six % on home and NRO mounted deposits in addition to Sampoorna Nidhi deposits with maturities starting from 7 days to 120 months. The financial institution gives a most rate of interest of seven.50 % for most of the people and eight.25 % for senior residents on mounted deposits maturing in 75 weeks (525 Days), 990 Days, and 75 Months. On home mounted deposits, senior residents will proceed to obtain a further 0.75 % rate of interest throughout all tenors.
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