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Ujjivan Bank FD Calculator

Ujjivan Small Finance Bank Fixed Deposit Interest Calculator

Last Updated 25th Jun 2021

Ujjivan Small Finance Bank FDs have tenures ranging from 5 years 1 day to 10 years with maximum rate of interest of 6.75%. Interest rates for senior citizens are higher than the normal rates and ranges upto 7.30%.

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
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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.

  • Deposit amount – This is the initial amount deposited by a customer in Ujjivan Small Finance Bank. Bank may allow higher interest rate on larger deposits. Ujjivan Small Finance Bank offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. Ujjivan Small Finance Bank offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by Ujjivan Small Finance Bank is 6.75% for deposit amount Below Rs. 2 crores corresponding to a deposit tenure of 5 years 1 day to 10 years.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 3.05% for a 5 years 1 day FD and a rate of 6.75% for a 10 years FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 7 days at an interest rate of 3.05%. In this case, the maturity amount at the end of 7 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      Ujjivan Small Finance Bank calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

Ujjivan Small Finance Bank Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, Ujjivan Small Finance Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a Ujjivan Small Finance Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

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 6.75% for depositors below 60 years and 7.30% for senior citizens. The maturity amount for this deposit amount is ₹ 1,39,750 and the total interest earned is ₹ 39,750 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 43,578 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 6.75% for Citizens below 60 years and at 7.30% 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 ₹ 3,403 ₹ 1,03,403 ₹ 3,683 ₹ 1,03,683
2022 ₹ 7,158 ₹ 1,10,561 ₹ 7,779 ₹ 1,11,462
2023 ₹ 7,654 ₹ 1,18,215 ₹ 8,362 ₹ 1,19,824
2024 ₹ 8,184 ₹ 1,26,399 ₹ 8,990 ₹ 1,28,814
2025 ₹ 8,750 ₹ 1,35,149 ₹ 9,664 ₹ 1,38,478
2026 ₹ 4,600 ₹ 1,39,749 ₹ 5,101 ₹ 1,43,579

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 –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

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What is the highest interest earned on Ujjivan Small Finance Bank fixed deposit?

You can earn a maximum interest of 6.75% 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.

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Ujjivan Bank News - Jul 2021
  • 2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
  • 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.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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