Synopsis Ujjivan Small Finance Bank has increased fixed deposit interest rates on various tenures with effect from March 8, 2023. The new rates apply to Platina FDs, domestic deposits, recurring deposits, and NRE-fixed deposits. Getty Images Ujjivan Small finance Bank has revised fixed deposit interest rates on various tenures with effect from March 8, 2023, as per the bank’ s website. The revised rates are applicable on Platina FD, Domestic, Recurring Deposits, and NRE- Fixed Deposits. Ujjivan SFB interest rates for fixed deposits and Sampoorna Nidhi After the revision, the bank will now offer an interest rate of 3. 75% deposits maturing in 7 days to 29 days, and an interest rate of 4. 25% on those maturing in 30 days to 89 days, according to Ujjivan Small Finance Bank. Deposits that mature in the 90 to 179 days at a rate of 4. 75% and on deposits that mature in the following 6 to 9 months at a rate of 5. 50%. Deposits with maturities ranging from 9 months, 1 day to 13 months will earn interest at a rate of 6. 50%, while deposits with maturities ranging from 13 months and 1 day to 559 days is hiked to 8% . On deposits maturing in 80 Weeks (560 Days), the bank will now offer a maximum interest rate of 8. 25%, whereas Ujjivan SFB will now offer a 7. 50% interest rate on deposits maturing in 561 Days to 989 Days. Deposits with a 990-day maturity period now earn 7. 75% interest, while those with a 991-day to 60-month maturity period now earn 7. 20% interest. TENURE Interest Rate (p. a. ) (Under Rs. 2 Crores) 7 Days to 29 Days 3. 75% 30 Days to 89 Days 4. 25% 90 Days to 179 Days 4. 75% 6 Months to 9 Months 5. 50% 9 Months 1 Day to 13 months 6. 50% 13 Months and 1 Day to 559 Days 8. 00% 80 Weeks (560 Days) 8. 25% 561 Days to 989 Days 7. 50% 990 Days 7. 75% 991 Days to 60 Months 7. 20% 60 months 1 Day to 120 Months 6. 50% Additional Interest Rate for Resident Senior Citizens 0. 50% Senior citizen FD rates The bank will offer a 0. 50% higher interest rate for senior citizens for all tenors. The SFB reduced its earlier offer of 0. 75% higher interest rates to senior citizens by 0. 25%. Now, the highest interest rate offered for senior citizens is 8. 75% on tenure of 80 Weeks (560 Days). Platina fixed deposit – Domestic interest rates Platina FD rates apply only to deposits of more than Rs. 15 lakhs but less than Rs. 2 crores. Deposits in Platina are available for TASC, Non-individuals (except FIG), and all individuals, including NR clients. The senior citizen additional rate, however, will not be available for Platina deposits. TENURE Interest Rate (p. a. ) (Under Rs. 2 Crores) 12 Months-13 months 6. 70% 13 Months 1 Day to 559 Days 8. 20% 80 weeks (560 Days) 8. 45% 561 Days to 989 Days 7. 70% 990 Days 7. 95% 991 Days to 60 Months 7. 40% Recurring deposits and Sampoorna Lakshya interest rates Recurring deposit interest rates vary between 5. 50% to 8% for regular citizens for tenure ranging between 6 months to 120 months. TENURE Interest Rate (p. a. ) 6 months 5. 50% 9 months 5. 50% 12 months 6. 50% 15 months 8. 00% 18 months 8. 00% 21 months 7. 50% 24 months 7. 50% 33 months to 60 months 7. 20% 63 months to 120 months 6. 50% Additional Interest Rate for Senior Citizens 0. 50% Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Thursday, 09 Mar, 2023 Experience Your Economic Times Newspaper, The Digital Way! 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