Deposit Accounts

Our deposit accounts offer the perfect combination of stable returns, easy investments, and higher interest rates. Select from a comprehensive suite of bank deposits based on your financial goals and boost your savings!

 

Types of Deposits

    • Open a standalone FD without opening a Savings Account
    • Open an FD for a duration of 6 months to 10 years
    • Fund your fixed deposit by Net Banking / UPI / Debit Card
    • Option to withdraw prematurely without penalty after 6 months
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    • Tax-free earnings
    • Funds are fully repatriable
    • Flexible Tenure from 1 to 3 Years
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    • Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961
    • Minimum amount of ₹1,000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period
    • Available only for Indian residents and HUFs
    • Interest pay-out options available are monthly and quarterly
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    • Minimum deposit amount should be ₹25,000 and in multiples of ₹1,000 thereof
    • Tenures range from 12 to 60 months in multiples of 12 months
    • Interest calculated monthly and deposited to customers' linked USFB saving or current account
    • Auto-renewal facility is available
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    • Deposit a fixed sum every month for the investment period
    • Minimum goal amount of ₹3,000 and in multiples of ₹1,000 thereof
    • Tenures range from 3 to 120 months
    • Option to close prematurely without penalty after 6 months
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    • Deposit a fixed sum every month for the investment period
    • Minimum deposit amount should be ₹100 and in multiples of ₹100 thereof
    • Tenures can range from 6 months to 10 years
    • Premature closure facility allowed
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    • Minimum deposit amount should be ₹1,000 and in multiples of ₹100 thereof
    • Tenures range from 7 days to 10 years
    • Premature closure and partial withdrawal facility allowed
    • Interest pay-out options available are monthly and quarterly
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    • Platina FD is a non-callable deposit product. Part closure and pre-closure facility are not available
    • Tenures ranges from 12 months to 60 months
    • Deposit amount should be above ₹1 crore to below ₹3 crores
    • Interest pay-out options available are monthly, quarterly and at maturity
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#Ujjivanblogs

Latest Blogs

Catch up on the latest blog updates from your trusted bank!

5 Reasons to Open a Fixed Deposit Online

Digital banking has made every day financial tasks much easier.

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What is Platina Fixed Deposit? High-Yield Returns for High-Value Investors

For investors looking to park a large surplus in a fixed-return instrument, a

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How to Open a Digital FD Without a Savings Account: Step-by-Step Process

Opening a fixed deposit (FD) has become significantly more convenient with the rise of digital banking. 

Read More

View More: Deposits Blogs

FAQs

1. What are the types of bank deposits offered by Ujjivan?

We offer a comprehensive suite of deposit accounts designed to make your financial life better. Select from Digital Fixed Deposit, Platina Fixed Deposit, Sampoorna Nidhi, Sampoorna Lakshya, Tax Saver FD, Regular Recurring Deposits, and more.

2. What is the interest rate on Ujjivan deposits?

We offer high-interest FDs and RDs to maximise your returns. You can view the latest interest rates here.

3. What is the minimum and maximum tenure for deposits?

The minimum and maximum tenure may vary based on the product. For example, a regular FD comes with a tenure ranging from 7 days to 10 years, whereas RD tenure ranges from 6 months to 10 years.

4. What is Tax Saver FD?

A Tax Saver Fixed Deposit offers the benefit of both worlds – tax savings under Section 80C of the Income Tax Act /9provided you have opted for the old tax regime) and wealth growth. The lock-in period is 5 years and the maximum investment amount is capped at ₹1.5 lakh in a financial year.

5. What is the difference between Fixed Deposit and Recurring Deposit?

Investing in FDs entail lump sum investment (one-time investment), whereas with Recurring Deposits, you invest a fixed amount every month. The FD tenure generally ranges from 7 days to 10 years, whereas for RDs, it’s 6 months to 10 years or more.

6. What documents do I need to provide to open a bank deposit?

You would need to submit your basic KYC documents including PAN and Aadhar. If you wish to open a deposit account from one of our branches, you would need to provide a passport-size photograph. Please call our toll-free number 1800 208 2121 for more details. For Digital FD, you have to complete your Video KYC to open the account.

7. Are bank deposits safe?

Deposits up to ₹5 lakh is insured under DICGC (Deposit Insurance and Credit Guarantee Corporation) per depositor.