Ujjivan Bank RD Calculator

Ujjivan Bank RD Interest Rates

TenureInterest Rates for Regular Citizens for RDInterest Rates for Senior Citizens for RD
6 months5.50%6.00%
9 months5.50%6.00%
12 months8.25%8.75%
15 months8.00%8.50%
18 months8.00%8.50%
21 months7.50%8.00%
24 months7.50%8.00%
33 months to 60 months7.20%7.70%
63 months to 120 months6.50%7.00%
Last updated on 1st June, 2023 by Ujjivan Small Finance Bank.

What is the minimum amount required to open a Recurring Deposit account?

The minimum Recurring Deposit amount is ₹100, and subsequent deposits must be in multiples of ₹100.

What is the tenure range for Recurring Deposits?

The tenure for Recurring Deposits can range from 6 months to 10 years.

How is the interest rate calculated for Recurring Deposits?

The Recurring Deposit interest rate is calculated quarterly and paid at maturity.

Is premature closure of Recurring Deposits allowed?

Yes, premature closure facility is available for Recurring Deposits.

Where can I open a Recurring Deposit account?

You can open a Recurring Deposit account at center meetings (up to ₹5,000), branches, through mobile banking, and internet banking.

Can I fund recurring deposits across any branch?

Yes, customers can fund recurring deposits across any branch, irrespective of whether they have an account with that branch.

Are there any additional benefits for Senior Citizens?

Yes, Senior Citizens can avail the highest RD interest rates with an additional 0.50% per annum.

When is the Recurring Deposit interest paid?

The interest is paid at maturity for Recurring Deposits.

Can I open a Recurring Deposit through mobile banking?

Yes, you can open a Recurring Deposit through mobile banking along with other available channels like branches and internet banking.

What is the maximum tenure for Recurring Deposits?

The maximum tenure for Recurring Deposits is 10 years.