Ujjivan SFB cuts FD rates by up to 20 bps

Ujjivan Small Finance Bank has slashed its fixed deposit (FD) interest rates for deposits less than Rs 3 crore by up to 20 basis points (bps) on select tenures.The bank has also revised its savings account interest rates. The revised interest rates are effective from April 24, 2025. Fixed deposits remain one of the relatively safer and most preferred investment options for people seeking consistent returns.

There are many banks such as SBI, HDFC Bank, Shivalik Small Finance Bank, Yes Bank which have cut their fixed deposit interest rate in April 2025. Some banks such as Kotak Mahindra Bank, Axis bank and Yes Bank have cut their deposit rates twice.--after the RBI MPC meeting on April 9, 2025.

Fixed deposit rates slashed: Kotak and Axis Bank cut FD rates for second time in April 2025

What is the highest FD interest rate?
Ujjivan SFB offers general (non senior citizens) customers the highest FD interest rate of 8.05% for an 18-month tenure (earlier 8.25%), while senior citizens can enjoy an even more attractive rate of 8.55% for the same duration (earlier 8.75%).


On which tenures has the FD interest rate been cut?
Ujjivan Small Finance Bank has cut the FD rates on tenures of 12 months to less than 18 months and now it offers 7.90% from the earlier 8.10%. On fixed deposits with tenure of 18 months, the bank now offers a rate of interest of 8.05% from 8.25%, down by 20 bps.


Ujjivan savings account interest rates
Ujjivan Small Finance Bank has revised its savings account interest rates and balance slab effective April 24, 2025. The interest rate on your savings account depends on the amount of balance you have in it. If your account balance is up to Rs 1 lakh, you earn 3% interest per year from 3.25%. If your balance is more than Rs 1 lakh but less than Rs 5 lakh, the interest rate increases to 5.00% per year. For balances above Rs 5 lakh and up to Rs 10 lakh, you get 6.25% interest per year. For balances between Rs 10 lakhs to Rs 50 lakhs, the bank offers a savings account interest rate of 7.25%.
If your account balance is more than Rs 50 lakh, you earn the highest rate of 7.50% per year.




How is interest on a savings account calculated?
Calculation methodology applicable for Savings Accounts:
1. Interest is calculated on day-end balances maintained in the savings account and paid out on a quarterly basis.
2. The higher interest rate will be applied and paid only on the basis of the balances maintained as per slabs.
Ex: If a customer maintains Rs 120,000/- in the savings account, 3.00% interest will be earned for Rs 100,000/- and 5.00% interest will be earned for the remaining Rs 20,000/-