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Tax Saver Fixed Deposit (FD)
Whether you're a salaried professional looking to exhaust your 80C limit before March 31st, or someone simply seeking a minimal-risk investment with a tax edge, our Tax Saver FD is designed to offer you the best of both worlds.
Invest for 5 years and claim tax deductions of up to ₹1.5 lakh every financial year while earning a competitive interest rate of Rate not available p.a. on your investment with our Tax Saver FD.
Key Features & Benefits of Tax Saver FD
Tax Benefits up to ₹1.5 lakh
Claim tax deduction up to ₹1.5 lakh under Section 80C of the Income Tax Act
Lock-in Period of 5 Years
Stay invested for 5 years, save tax and watch your deposit grow. Premature withdrawal not allowed
Enjoy Higher Interest Rates
Maximise your savings with higher interest rates up to Rate not available* p.a.
Multiple Pay-out Options
Select your preferred interest pay-out options – monthly, quarterly or at maturity
Choose your Deposit Amount
Start investing with as low as ₹1000 and maximum of ₹1.5 lakh in a financial year
Joint Account Opening Facility
Account can be opened individually or jointly. However, the tax deduction can be claimed only by the primary a/c holder
NOTE : As per the Term Deposit Scheme, 2006 issued by the Central Government of India , premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted.
Tax Saver Fixed Deposit Interest Rates
Below mentioned are the Interest Rates with Effect from 05th June 2026
Tenure | Interest Rate |
|---|---|
5 years | 7.20% |
Eligibility Criteria for Tax Saver FD
Resident Indians
Hindu Undivided Families (HUFs)
How to Open a Tax Saver Fixed Deposit Account Online
Want to invest in Ujjivan SFB Tax Saver Fixed Deposit? Follow these simple steps:
If you are a new customer
Visit Ujjivan SFB Tax Saver Fixed Deposit Page and click on ‘Apply Now’
Type in your details
Generate OTP
Hit the submit button and complete the account opening process
If you are an existing customer
If you are an existing Ujjivan SFB customer, you can open the Tax Saver Fixed Deposit through any of the following methods
Internet banking
Mobile banking application
Give a missed call at 799 666 6663
Visit the nearest bank branch
Visit the online FD page and complete your KYC
Once you complete the online account opening process, the bank will send you the FD deposit receipt to your registered email ID within 24 hours.
Need further assistance? Call our 24/7 customer support 1800 208 2121 or visit your nearest branch
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FAQs
Ujjivan SFB Tax Saver Fixed Deposit is a type of FD that comes with a lock-in period of 5 years and lets you save tax under section 80C of the Income Tax Act, 1961.
Ujjivan SFB’s Tax Saver Fixed Deposit is a domestic investment account meant for resident Indians and members of Hindu undivided families. NRIs cannot invest in the deposit account.
No, premature and partial withdrawals are not permitted for the Ujjivan SFB Tax Saver FD. Once you deposit your money, it gets locked-in for five years.
Loan and overdraft facilities are not available for deposits made under Tax Saver Fixed Deposit account.
If you select the non-cumulative interest payout option, you can receive the interest quarterly or monthly. But if you pick a cumulative deposit account, then the interest is paid at maturity in a lump sum amount.
You need to make a minimum investment amount of ₹1,000 in a FY to open the Ujjivan SFB Tax Saver Fixed Deposit Account.
If you want to connect with Ujjivan Small Finance Bank's customer care centre, you need to call on the toll-free number 1800-208-2121 or visit the nearest branch or use the 24*7 phone banking facility.
Ujjivan SFB has 720+ branches spread across 24 states and Union Territories of India. To find your nearest branch, visit the website and go to the 'Locate Us' section.
The interest rate provided for Ujjivan SFB’s Tax Saver Fixed Deposit account is Rate not available* p.a. for five years.