Ujjivan increases ROI on its Fixed Deposits to 7.5% for 9 months tenure

Hyderabad: Ujjivan Small Finance Bank, a leading small finance bank has increased interest rate on its fixed deposits to 7.5 per cent for 9 months tenure. Senior citizens will continue to receive an additional 0.50 per cent over the regular fixed deposit rates.

The bank continues to offer highest rate of interest for general customers at 8.25 per cent for 12-month tenure, while senior citizens benefiting from an attractive interest rate of 8.75 Per cent for the same duration. Platina deposits available for both individuals and non-individual customers, including NR customers, will continue to earn an additional interest rate of 0.20 per cent.

Sanjeev Nautiyal, Managing Director and Chief Executive Officer, Ujjivan SFB, said, "We are pleased to revise the fixed deposit interest rates for our customers seeking a higher interest rate for the short-term tenure. The latest rate increase on FDs continue to position Ujjivan SFB among the banks offering the highest interest rates on term deposits."