Ujjivan Small Finance Bank increases interest rate on some fixed deposits; to offer up to 8 percent and 8.75 percent for senior citizens

Bengaluru (Karnataka) [India], November 23 (ANI/NewsVoir): 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 Customers can invest a minimum of above Rs 15 lakhs to below Rs 2 Crores under the plan. The Platina FD is non-callable, i.e. partial and premature withdrawal facility is not available in this scheme. Ujjivan SFB allows monthly, quarterly and at maturity interest pay-out options. The Tax Saver Fixed Deposits comes with five years lock-in period. The latest round of rate increases on FDs place Ujjivan SFB among the banks offering the highest Interest Rates on the Term Deposits. Ujjivan Small Finance Bank Limited is one of the leading small finance banks. Ujjivan Small Finance Bank began operations in February 2017 and currently serves 70+ lakh customers through its 590 branches and 16,600+ employees. The bank remains committed to serving unserved and underserved segments through financial and digital inclusion as a mass-market bank. Ujjivan is a one-stop destination for financial services, offering a personalised customer experience. The strengthened digital interfaces across regions and languages have empowered Ujjivan customers to seek timely and easy access to finance at all times. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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Ittira Davis , Ujjivan Small Finance Bank , Managing Director , Chief Executive Officer , Tax Saver Fixed Deposits , Interest Rates , Small Finance Bank Limited , Small Finance Bank , Bengaluru Karnataka India , Ovember 23 Ani Newsvoir Ittira Davis , Managing Director And Chief Executive Officer , Ujjivan Sfb , Commented , Uot The Fd Rate Increase Isa Reinforcement Of Our Commitment To Offer Customers Best Products This Also Is In Line With Retail Strategy Building Granular Deposits And Evolving Macro Economic Situation Quot New Rates Are Effective From November 5 , 022 Customers Can Investa Minimum Of Above Rs 15 Lakhs To Below 2 Crores Under The Plan Platina Fd Is Non Callable , E Partial And Premature Withdrawal Facility Is Not Available In This Scheme Ujjivan Sfb Allows Monthly , Uarterly And At Maturity Interest Pay Out Options The Tax Saver Fixed Deposits Comes With Five Years Lock In Period Latest Round Of Rate Increases On Fds Place Ujjivan Sfb Among Banks Offering Highest Rates Term Small Finance Bank Limited Is One Leading Began Operations February 2017 Currently Serves 70 Lakh Customers Through Its 590 Branches 16 , 600 Employees The Bank Remains Committed To Serving Unserved And Underserved Segments Through Financial Digital Inclusion Asa Mass Market Ujjivan Isa One Stop Destination For Services , Fferinga Personalised Customer Experience The Strengthened Digital Interfaces Across Regions And Languages Have Empowered Ujjivan Customers To Seek Timely Easy Access Finance At All Times This Story Has Been Provided By Newsvoir Ani Will Not Be Responsible In Any Way For Content Of Article ,