Interest Rates
3.50% – 8.75%
Time Period
7 days – 10 years
Min - Max Amount
₹1,000 - No upper limit
Compounding
Quarterly
ENTER AMOUNT
Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
Est. Returns
₹ 0
Ujjivan Small Finance Bank Limited commenced its banking operations in 2017 after receiving a licence from the Reserve Bank of India. The bank evolved from Ujjivan Financial Services, which was established in 2005 as a microfinance institution. Headquartered in Bangalore, Karnataka, the bank has developed an extensive network across India with numerous branches and banking outlets. It focuses primarily on serving financially underserved and unserved segments of the population.
The bank maintains a strong presence in both urban and rural markets with its customer-centric approach. Ujjivan Small Finance Bank offers a comprehensive range of financial products and services including savings accounts, current accounts, fixed deposits, and various loan products. Its fixed deposit schemes have gained significant popularity due to their competitive interest rates and flexible features. The bank has established itself as a trusted name in the small finance banking sector.
Ujjivan Small Finance Bank is listed on both the Bombay Stock Exchange and the National Stock Exchange. The bank has received high credit ratings from leading agencies including CRISIL and ICRA for its fixed deposit programmes. These ratings reflect the institution's strong financial health and stable management. The bank continues to expand its reach while maintaining its social development mission.
The bank's digital initiatives have enhanced customer convenience significantly in recent years. Ujjivan offers internet banking and mobile banking facilities for easy account management. Its fixed deposit schemes are designed to cater to diverse customer needs across different income segments. The combination of technology and personal service makes Ujjivan a preferred choice for many depositors.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 3.50% | 4.00% |
15 – 30 days | 3.50% | 4.00% |
31 – 45 days | 4.00% | 4.50% |
46 – 90 days | 5.00% | 5.50% |
91 – 180 days | 5.75% | 6.25% |
181 – 364 days | 6.75% | 7.25% |
12 – 24 months | 8.25% | 8.75% |
25 – 36 months | 8.00% | 8.50% |
37 – 60 months | 7.75% | 8.25% |
Above 60 months | 7.50% | 8.00% |
Note: The data is as of July 14, 2025
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 4.00% | 4.50% |
15 – 30 days | 4.00% | 4.50% |
31 – 45 days | 4.50% | 5.00% |
46 – 90 days | 5.50% | 6.00% |
91 – 180 days | 6.25% | 6.75% |
181 – 364 days | 7.00% | 7.50% |
12 – 24 months | 8.50% | 9.00% |
25 – 36 months | 8.25% | 8.75% |
37 – 60 months | 8.00% | 8.50% |
Above 60 months | 7.75% | 8.25% |
Note: The data is as of July 14, 2025
Ujjivan Small Finance Bank Fixed Deposits offer highly competitive interest rates that are among the best in the small finance banking sector. The bank provides an additional interest rate of 0.50% for senior citizens across all tenure buckets, making it particularly attractive for retired individuals seeking regular income. With a low minimum investment threshold of just ₹1,000 and no maximum limit, these FDs are accessible to investors across all economic segments.
The bank offers multiple interest payout options including monthly, quarterly, half-yearly, annual, and cumulative interest payments. Depositors can avail loans against their fixed deposits up to 75% of the deposit value, providing crucial liquidity during financial emergencies. The nomination facility ensures smooth transfer of funds to beneficiaries, while the auto-renewal option prevents funds from lying idle after maturity.
The Regular Fixed Deposit scheme is available to all resident individuals and offers attractive interest rates for tenures ranging from 7 days to 10 years. Investors can choose from various interest payout frequencies including cumulative, monthly, quarterly, half-yearly, or annual options based on their income requirements. This scheme allows premature withdrawal with applicable penalties and provides the facility to avail loans against the deposit.
This specialised scheme is designed exclusively for individuals aged 60 years and above, offering an additional 0.50% interest rate above the regular FD rates across all tenures. The enhanced returns provide senior citizens with a stable and higher regular income to meet their post-retirement expenses and medical needs. Senior citizens also receive priority services at branches and dedicated customer support for their banking requirements.
Ujjivan's Tax Saver Fixed Deposit comes with a mandatory lock-in period of 5 years as per Income Tax regulations, with investments up to ₹1.5 lakh qualifying for tax deduction under Section 80C of the Income Tax Act, 1961. No premature withdrawals are permitted under this scheme except in case of the depositor's demise, and no loan facility is available against these deposits.
In the Cumulative Fixed Deposit scheme, the interest is compounded quarterly and reinvested with the principal amount, leading to a significantly higher maturity value compared to the initial investment. This option is perfect for investors who do not require regular interest income and are focused on long-term wealth accumulation for goals like children's education, marriage, or retirement planning.
The Non-Cumulative Fixed Deposit scheme is designed for investors who require regular income from their investments to meet ongoing expenses, with interest payout options available monthly, quarterly, half-yearly, or annually. This scheme is particularly beneficial for retirees, senior citizens, and other individuals who depend on their investments for regular cash flow to cover living expenses.
Ujjivan's Flexi Fixed Deposit offers enhanced liquidity features that allow systematic partial withdrawals while keeping the remainder of the deposit intact to continue earning interest. Some variants of this scheme also offer auto-renewal facilities at prevailing interest rates upon maturity, ensuring that funds don't remain idle after the deposit term ends.
Short-term fixed deposits at Ujjivan Small Finance Bank cover tenures from 7 days to 364 days, offering interest rates ranging from 3.50% to 6.75% for regular customers and 4.00% to 7.25% for senior citizens. These deposits are ideal for investors looking to park surplus funds for short durations while earning better returns than regular savings accounts, without committing to longer lock-in periods. They serve as perfect instruments for building emergency funds, saving for short-term goals like vacations or minor purchases, or temporarily deploying funds while deciding on long-term investment options.
Medium-term fixed deposits span tenures from 12 months to 36 months, offering the highest interest rates in Ujjivan's FD portfolio with regular customers earning up to 8.25% and senior citizens up to 8.75% for 12-24 month tenures. These deposits strike an optimal balance between attractive returns and reasonable commitment periods, making them suitable for planned future expenses like children's education fees, vehicle purchases, or home renovations.
Long-term fixed deposits at Ujjivan Small Finance Bank cover tenures from 37 months to 10 years, with interest rates ranging from 7.50% to 7.75% for regular customers and 8.00% to 8.25% for senior citizens. These extended tenure deposits are ideal for long-range financial goals like retirement planning, wealth creation for children's future, or building a substantial corpus for major life events.
| Tenure Range | Institution Name | Interest Rate Range (%p.a.) |
|---|---|---|
| 12 – 24 months | 8.50› |
 | 18 months – <2 years | 6.75› |
 | Above 1 year to less than 2 years | 7.00› |
 | 15 months to less than 18 months | 7.25› |
 | 365 days | 7.25› |
Note: The data is as of July 14, 2025
Existing Ujjivan Small Finance Bank customers can invest in fixed deposits through the bank's internet banking platform by logging into their account using their credentials. Once logged in, navigate to the 'Fixed Deposits' section and select the 'Open Fixed Deposit' option, which will display the various FD schemes available along with their current interest rates. Choose the desired FD type, specify the investment amount, select the tenure, and indicate the preferred interest payout frequency (cumulative, monthly, quarterly, etc.), and provide nominee details if required.
After entering all the required information, carefully review the details displayed on the screen, including the maturity date, interest rate, and maturity amount. Authorise the transaction using the preferred authentication method, following which the investment amount will be debited from your linked savings account. Upon successful processing, the system generates a digital fixed deposit receipt immediately, which can be downloaded and saved for future reference, and a confirmation is also sent to your registered email address and mobile number.
To open a fixed deposit offline, visit your nearest Ujjivan Small Finance Bank branch and collect a fixed deposit application form from the customer service desk. Fill the form completely and accurately, providing all required personal details, KYC information, FD specifics (amount, tenure, type), interest payout frequency preference, and nominee details. Ensure that all information is legible and matches exactly with your official documents to avoid processing delays.
Submit the duly filled application form along with self-attested copies of KYC documents (PAN card, Aadhaar card, address proof, and passport-sized photographs) to the bank executive. Make the initial deposit through cash, cheque, or by transferring funds from your existing Ujjivan savings account. After verification of documents and processing of the payment, the bank will issue a physical fixed deposit receipt, which serves as proof of your investment and should be kept safely until maturity.
Ujjivan Small Finance Bank allows resident individuals, either singly or jointly, to open fixed deposit accounts, with joint accounts permitting up to three holders. Senior citizens aged 60 years and above are eligible for special higher interest rates across all FD schemes, while minors can open fixed deposits through their natural guardians or legal representatives. Hindu Undivided Families (HUFs) can open FD accounts in the name of the HUF operated by the Karta, with the HUF PAN card required for this purpose.
The eligibility extends to various non-individual entities including Sole Proprietorship firms, Partnership Firms, Limited Liability Partnerships (LLPs), Private and Public Limited Companies, Clubs, and Associations. Registered Trusts and Societies are also eligible to invest in Ujjivan Small Finance Bank fixed deposits, subject to submission of relevant registration and operational documents. All applicants must comply with the Know Your Customer (KYC) norms specified by the bank and regulatory authorities.
For identity verification, a PAN card is mandatory for all applicants opening fixed deposits with Ujjivan Small Finance Bank, along with other valid identity proofs such as Aadhaar card, Passport, Voter ID card, or Driving Licence. Address proof can be established through documents like Aadhaar card, Passport, utility bills (electricity, water, or gas connection bills not older than 3 months), or bank account statements with recent transactions.
For non-individual entities, additional documents are required including Certificate of Incorporation/Registration, Memorandum and Articles of Association, Board Resolution authorising the investment, and PAN card of the entity. Partnership firms need to submit the Partnership Deed and authorisation letter, while Trusts must provide the Trust Deed and registration certificate.
The interest earned on Ujjivan Small Finance Bank Fixed Deposits is fully taxable under the head "Income from Other Sources" as per the Income Tax Act, 1961, and must be included in the investor's total annual income, taxed according to their applicable income tax slab rate. The bank is required to deduct Tax Deducted at Source (TDS) at the rate of 10% if the total interest income from all fixed deposits with the bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens as per recent amendments).
Investors whose total income is below the taxable limit can submit Form 15G (for individuals below 60 years) or Form 15H (for senior citizens aged 60 years and above) to avoid TDS deduction, provided they meet the specified conditions. For Tax Saver FDs, while the principal investment up to ₹1.5 lakh qualifies for deduction under Section 80C, the interest earned is taxable each year on accrual basis, meaning tax liability arises even though the interest is not received until maturity.
Ujjivan Small Finance Bank permits premature withdrawal of fixed deposits before the completion of the agreed tenure, subject to the bank's specific terms and conditions and applicable penalties. The bank typically charges a penalty of 1.00% on the contracted interest rate for the period the deposit was held, meaning the investor receives interest at a rate 1% lower than the original rate for the actual duration the funds remained with the bank. No interest is paid if the fixed deposit is withdrawn within 7 days from the date of deposit, and for Tax Saver FDs, no premature withdrawal is permitted except in case of the depositor's demise.
Log in to your Ujjivan Small Finance Bank internet banking account and navigate to the fixed deposits section to access the online application. Select your preferred FD type, tenure, and amount, then authorise the transaction to instantly create your fixed deposit.
The minimum investment required to open a Ujjivan Small Finance Bank Fixed Deposit is ₹1,000 for most regular FD schemes. There is no maximum investment limit for these deposit schemes.
Ujjivan Small Finance Bank offers flexible tenure options ranging from 7 days to 10 years for regular fixed deposits. The Tax Saver FD has a fixed lock-in period of 5 years as per Income Tax regulations.
Existing Ujjivan Small Finance Bank customers with active internet banking facilities can open digital FDs through their online accounts. New customers must first complete the bank account opening process with full KYC documentation before accessing digital FD services.
The highest FD rate for regular customers is 8.50% for deposits of ₹1 crore and above with 12-24 months tenure. Senior citizens can earn up to 9.00% for similar deposit amounts and tenure brackets.
Access the FD calculator on Ujjivan Small Finance Bank's website and input your investment amount, tenure, and type to estimate your interest earnings. Use this projection to assess your tax liability and plan your Section 80C investments accordingly.
Opt for cumulative FDs to benefit from quarterly compounding and select medium-term tenures of 12-24 months which typically offer the highest interest rates. Senior citizens should always avail of the additional 0.50% interest and avoid premature withdrawals to prevent penalty charges.
