FD interest rates: You will get 8.10% return on 2 year FD, this bank changed the interest rates

Small Finance Bank has implemented new interest rates for FDs. 15 bps have been cut. Customers are going to get less returns than before. Let’s find out how much interest will be received on how many days’ tenure?

Ujjivan Small Finance Bank has revised the interest rates on Fixed Deposit (FD). Interest rates have been cut for some maturity slabs. Now the Small Finance Bank has announced to give up to 0.15% less return to the customers. However, senior citizens will still continue to get additional interest. The bank is giving 50 bps extra return to people aged 60 years and above.

The new interest rates for both FD and recurring deposits are effective from 17 July 2025. After the amendment, general citizens are getting interest of at least 3.50 percent and maximum 7.60% on fixed deposits on different maturity slabs ranging from 7 days to 120 months. Interest rates for senior citizens range from 4% to 8.10%.

You will get less interest on these tenures

The bank had also revised the interest rates of fixed deposits in June. After the change, the bank is offering 7.60% return on 24-month tenure, which was earlier 7.75%. Now, 7.50% return will be available on maturity slabs from 15 months to less than 24 months, which was earlier 7.65%.

New interest rates applicable for Platinum FDs

New interest rates have also been implemented for Platinum Fixed Deposit Scheme. This is a non-callable FD product. In which four tenure options are available. The bank is offering 7.60% interest on tenure of 12 months to less than 24 months, 7.70% on tenure of 24 months, 7.60% on tenure of 24 months 1 day to 990 days and 7.30% on tenure of 991 days to 60 months. Customers can invest less than Rs 3 crore.

Interest rate as per maturity slab

7 days to 29 days- 3.50%
30 days to 90 days- 4.15%
90 days to 180 days- 4.65%
6 months to less than 12 months- 6.50%
12 months to less than 24 months- 7.50%
24 months- 7.60%
24 months 1 day to 990 days- 7.50%
991 days to 60 months- 7.20%
60 months 1 day to 120 months- 6.50%

Interest rates for recurring deposits

Talking about recurring deposits, the bank is offering a minimum of 6.50% and a maximum of 7.60% annual interest on different tenures ranging from 6 months to 120 months. The highest return is available on 24-month RD scheme. The lowest return will be available on deposits of 6 to 9 months.

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