Tax Saver Fixed Deposit
Enjoy the dual benefits of tax-saving and wealth growth with Ujjivan SFB Tax Saver Fixed Deposit. Enjoy high interest rates up to 7.20% p.a. and tax deduction of up to ₹1.5 lakh* under section 80C of the Income Tax Act, 1961.
Key Features of Ujjivan SFB Tax Saver FD
Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961
Minimum amount of ₹1000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period
Only Indian residents and members of Hindu undivided family (HUF) are eligible
Interest payment options – quarterly, monthly (at a discounted rate) and at maturity
Tax Saver Fixed Deposit is available for resident individuals and HUF only.
To view interest rates, click here.
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.
Key Features of Ujjivan SFB Tax Saver FD
Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961
Minimum amount of ₹1000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period
Only Indian residents and members of Hindu undivided family (HUF) are eligible
Interest payment options – quarterly, monthly (at a discounted rate) and at maturity
Tax Saver Fixed Deposit is available for resident individuals and HUF only.
To view interest rates, click here.
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.
Top Benefits of Ujjivan SFB Tax Saver FD
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
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
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 or visit your nearest branch.
Ujjivan SFB Regular Tax Saver Fixed Deposit Account Interest Rates
Below is a table listing the interest rate as effective from 1st july 2024
| Tenure | Interest Rate (*p.a) |
|---|---|
| 5 years | 7.20% |
You can find additional disclosures here.
FAQs
1. What is the Ujjivan Small Finance Bank Tax Saver Fixed Deposit Account?
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.
2. I am an NRI. Can I invest in Ujjivan SFB Tax Saver Fixed Deposit?
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.
3. Can I make premature withdrawals from the Tax Saver Fixed 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.
4. Can I get a loan and overdraft facility for my deposit under a Tax Saver Fixed Deposit account?
Loan and overdraft facilities are not available for deposits made under Tax Saver Fixed Deposit account.
5. When can I receive the interest earned on my deposit under the 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.
6. What is the minimum amount I need to deposit under the Ujjivan SFB Tax Saver Fixed Deposit account?
You need to make a minimum investment amount of ₹1,000 in a FY to open the Ujjivan SFB Tax Saver Fixed Deposit Account.
7. What are the customer care details for Ujjivan SFB’s 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.
8. How can I find the nearest Ujjivan SFB bank branch to open a Tax Saver Fixed Deposit Account?
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.
9. What is the interest rate for Ujjivan SFB’s Tax Saver Fixed Deposit account?
The interest rate provided for Ujjivan SFB’s Tax Saver Fixed Deposit account is 7.20%* p.a for five years.
Maximize your savings! Save on taxes and earn up to 7.2%* on our Fixed Deposits!
Book Tax Saver FD Online