Summary:
Bengaluru, Karnataka, India(NewsVoir) Highlights: • Highest interest rate for regular customers would be 8% for 80 weeks (560 days) • Highest interest rate for Senior citizens would be 8.75% for 80 weeks (560 days) • Platina FD would get an additional interest rate of 0.20%.
These are applicable for deposits above Rs.
15 Lakhs and below Rs.
2 Crores only.
Mr.
Ittira Davis, Managing Director and Chief Executive Officer, Ujjivan SFB, commented, "The FD rate increase is a reinforcement of our commitment to offer our customers the best products.
This also is in line with our retail strategy of building granular deposits and the evolving macro-economic situation.” New rates are effective from November 5, 2022 S.No Tenure Bucket Existing Rates Revised Rates 1 80 weeks (560 days) 7.20% 8.00% 2 990 days 7.50% 7.75% 3 12 Months 1 day to 559 days 7.20% 7.50% 4 561 days to 989 days 7.00% 7.50% 5 991 days to 60 months 7.00% 7.20% 6 60 months 1 day to 120 months 6.00% 6.50% Customers can invest a minimum of above Rs.