Ujjivan Small Finance Bank launches special platina FD’s

Ujjivan Small Finance Bank has launched Platin FD scheme. It offers 15 basis points higher interest rates as compared to regular term deposits. Under regular fixed deposits, general citizens get an interest rate of 6.9% for a tenure of 990 days, while the interest rate for senior citizens is 7.65%.

Under the platina scheme, an additional benefit of 15 basis points is available on both. Under Platin FD, the interest rate for general people is 7.05% and for senior citizens their interest rate is 7.80%.

There are certain conditions of Platina FD. Under this scheme, the minimum FD rate amount is 20lakhs, while the maximum amount will be less than 2cr. There is no pre-mature withdrawal facility under this scheme, and this FD cannot be used as collateral.

Speaking about the interest payment, it can be taken on a monthly, quarterly basis. The depositors can also avail lump sum interest on maturity, if they desire. Platina FD can be of minimum 1 year and maximum of five years.

Carol Furtado, COO, Ujjivan Small Finance Bank said that our first priority is the client. Keeping in mind the interest of the client, we have launched the Platina scheme. High returns are being offered on their investment in scheme. If an investor wants to invest for a longer period of time, then he is getting more benefits. Ujjivan Small Finance Bank is developing very quick in terms of FD’s.