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
Platina FD
For high savers!
Sampoorna Nidhi
Earn a second income!
Tax Saver Fixed Deposits
Axe the Tax!
#Ujjivanblogs
Latest Blogs
Catch up on the latest blog updates from your trusted bank!
Reinvesting in Fixed Deposits: Benefits and Drawbacks
The primary benefit of Fixed Deposits is that the returns are calculated on the basis of compound interest method.
The Difference Between Fixed Deposit (FD) and Recurring Deposit (RD)
When it comes to saving and investing, making the right choices can help you achieve your financial goals without has
Understanding Fixed Deposit Interest Rates
When you invest in Fixed Deposits (FDs)
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.