Ujjivan Small Finance Bank FD Calculator
Ujjivan Small Finance Bank Fixed Deposit Calculator 2021
Ujjivan Small Finance Bank FDs have tenures ranging from 1 year to 2 years with maximum rate of interest of 6.50%. Interest rates for senior citizens are higher than the normal rates and ranges upto 7.00%.
| Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
|---|---|---|
| 7 days to 29 days | 3.05% to 3.55% | ₹ 1,00,058 - ₹ 1,00,282 |
| 30 days to 89 days | 4.05% to 4.55% | ₹ 1,00,333 - ₹ 1,01,109 |
| 90 days to 179 days | 4.80% to 5.30% | ₹ 1,01,184 - ₹ 1,02,616 |
| 180 days to 364 days | 5.20% to 5.70% | ₹ 1,02,581 - ₹ 1,05,807 |
| 1 year to 2 years | 6.50% to 7.00% | ₹ 1,06,660 - ₹ 1,14,888 |
| 2 years 1 day to 3 years | 6.05% to 6.55% | ₹ 1,12,779 - ₹ 1,21,520 |
| 5 years 1 day to 10 years | 5.55% to 6.05% | ₹ 1,31,751 - ₹ 1,82,298 |
| 3 years 1 day to 5 years | 5.80% to 6.30% | ₹ 1,18,876 - ₹ 1,36,690 |
Ujjivan Small Finance Bank Fixed Deposit Calculator
Ujjivan Small Finance Bank fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
Ujjivan Small Finance Bank Fixed Deposit Interest Calculator – Interest Payment Options
FD Maturity Calculator
The interest earned on a fixed deposit in Ujjivan Small Finance Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on Ujjivan Small Finance Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of Ujjivan Small Finance Bank FD.
Suppose if you make an investment of ₹ 1,00,000 in Ujjivan Small Finance Bank FD for a 5-year tenure at an interest rate of 6.50% for depositors below 60 years and 7.00% for senior citizens. The maturity amount for this deposit amount is ₹ 1,38,042 and the total interest earned is ₹ 38,042 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 41,478 which is higher. The maturity schedule of Ujjivan Small Finance Bank FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 6.50% for Citizens below 60 years and at 7.00% for Senior Citizens for 5 years
| Year | Citizens below 60 Years of Age | Senior Citizens above 60 Years | ||||
|---|---|---|---|---|---|---|
| Interest Earned | Closing Balance | Interest Earned | Closing Balance | |||
| 2021 | ₹ 6,660 | ₹ 1,06,660 | ₹ 7,186 | ₹ 1,07,186 | ||
| 2022 | ₹ 7,104 | ₹ 1,13,764 | ₹ 7,702 | ₹ 1,14,888 | ||
| 2023 | ₹ 7,577 | ₹ 1,21,341 | ₹ 8,256 | ₹ 1,23,144 | ||
| 2024 | ₹ 8,082 | ₹ 1,29,423 | ₹ 8,849 | ₹ 1,31,993 | ||
| 2025 | ₹ 8,620 | ₹ 1,38,043 | ₹ 9,485 | ₹ 1,41,478 | ||
Ujjivan Small Finance Bank FD Calculator Formula
Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on Ujjivan Small Finance Bank FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on Ujjivan Small Finance Bank fixed deposit?
You can earn a maximum interest of 6.50% on Ujjivan Small Finance Bank fixed deposit.
✅How is Ujjivan Small Finance Bank FD interest calculated?
The formula to calculate interest on Ujjivan Small Finance Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.
✅How many years FD will double in Ujjivan Small Finance Bank?
The growth of Ujjivan Small Finance Bank FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in Ujjivan Small Finance Bank FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in Ujjivan Small Finance Bank.
✅What are the minimum and maximum amounts that I can invest in an Ujjivan Small Finance Bank FD?
The minimum investment limit in Ujjivan Small Finance Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
- 2020-11-10 : Ujjivan Small Finance Bank reported a marginal rise in Q2 net profit
Ujjivan Small Finance Bank posted a marginal rise in net profit at Rs 96 crore for September. Total income during July-September 2020-21 increased to Rs 818.01 crore on the back of retail loans like home, personal, gold, two-wheeler and car loan along with business and mudra loans. Further, The bank opened 5.1 lakh deposit accounts between April and September while retail deposits have now grown to 49% of total deposits as against 42% a year back. Deposits which includes fixed and recurring deposits stood at Rs 10,743 crore. - 2020-05-06 : Ujjivan Bank revised its FD rates
With effect from 2 May 2020, Ujjivan Bank changed its FD rates. The FD rates for 7 to 29 days is 4.50%, it is 5.35% for 30 to 89 days and stands at 6.10% for 90 to 179 days. Further, the fixed deposits rate for 180 days to 364 days is 6.50%, for one year to 799 days it is 7.50% and stands at 7.25% for 800 days to 3 years. The FD rate for three years one day to 5 years is 6.75%, and it stands at 6.25% for 5 Years and 1 Day to 10 Years.
