Ujjivan SFB Regular Recurring Deposit
Take small steps to your reach financial goals with Ujjivan SFB Regular Recurring Deposit (RD). Invest any amount of your choice every month for tenure ranging between 6 months and 10 years, and earn high interest of up to 8.25%* upon maturity. Senior citizens are eligible for an additional interest rate of 0.50%*.
Key Features of Ujjivan SFB Regular Recurring Deposit
Top Benefits of Ujjivan SFB Regular Recurring Deposit
How to Open Ujjivan SFB Regular Recurring Deposit Account Online
Opening an RD account with Ujjivan SFB is extremely simple.
If you are a new customer
If you are an existing customer
If you are already a customer of Ujjivan SFB, you can use the following methods to start the RD account
Ujjivan SFB Recurring Deposit Account Interest Rates
The following RD account rates came into effect from 13th Sep 2024
| Tenure | Interest Rate (p.a.) |
|---|---|
| 6 months | 7.00% |
| 9 months | 7.50% |
| 12 months | 8.25% |
| 15 months to 18 months | 8.00% |
| 21 months to 30 months | 7.75% |
| 33 months to 60 months | 7.20% |
| 63 months to 120 months | 6.50% |
| Additional Interest Rate for Senior Citizens | 0.50% |
#Ujjivanblogs
Latest Blogs
Catch up on the latest blog updates from your trusted bank!
How Recurring Deposits Could Help in Reducing Debt
For many of us, debt can be a significant burden that weighs us down financially and emotionally.
How to Diversify Your Investment Portfolio with Recurring Deposits
Remember how our parents used to tell us to keep our investments diversified to ensure all is not lost when there’s m
Income Tax on Recurring Deposit Interest: Know the Implications
Did you know the interest earned on Recurring Deposits (RDs) is taxable under the Income Tax Act, 1961?
FAQs
1. What is the Ujjivan SFB Regular Recurring Deposit plan?
Ujjivan SFB’s Regular Recurring Deposit is an investment option in which you can deposit an amount for a pre-decided period and receive a fixed interest rate. The interest is compounded quarterly, and you will receive the total accumulated interest and RD amount when the tenure ends.
2. Are premature withdrawals from the Recurring Deposit account allowed?
The Ujjivan SFB Regular Recurring Deposit allows premature closure. In such cases, you will be able to withdraw the amount.
3. When can I receive the interest generated on my RD deposit?
Interest amount generated on the RD will be handed to the customer when the tenure of the RD investment is over.
4. How can I find the nearest Ujjivan SFB to open an RD account?
You can visit the bank’s website and go to Locate Us. Here you will find a list of the 752 branches of Ujjivan SFB spread across 26 states and Union Territories. You will easily find one near you.
5. Can I open an Ujjivan SFB Regular Recurring Deposit account offline?
Yes, a person can open a recurring deposit account with Ujjivan SFB by visiting any bank branch.
6. What is the minimum required deposit for the Ujjivan SFB Regular Recurring Deposit account?
The minimum amount one needs to deposit in the Ujjivan SFB Regular Recurring Deposit account is ₹100.
7. What is the additional interest rate for senior citizens for the Ujjivan SFB Regular Recurring Deposit account?
Ujjivan SFB Regular Recurring Deposit account gives senior citizens an additional 0.50%* p.a.
8. What is the maximum deposit tenure for the Ujjivan SFB Regular Recurring Deposit account?
The maximum deposit tenure for the Ujjivan SFB Regular Recurring Deposit account is 120 months.
9. If I have a query regarding the Ujjivan SFB Regular Recurring Deposit account, what should I do?
If you need help with opening the Ujjivan SFB Regular Recurring Deposit account you can call Ujjivan SFB customer service at 1800-208-2121. Or you can send an email to customercare[at]ujjivan[dot]com.
10. Can I take the money I want to deposit to the bank branch and open the Ujjivan SFB Regular Recurring Deposit account?
Yes, you can come to any Ujjivan SFB branch to create a recurring deposit account.
Maximize your savings! Earn up to 8.75%* on our Fixed Deposits!
Book FD Online