Ujjivan Small Finance Bank has updated interest rates on Fixed Deposits (FD), cutting some maturity slabs by up to 0.15%. While the overall return is lower for most customers, the bank is maintaining the 0.50% additional interest for senior citizens aged 60 and above. Those customers will continue to receive the higher rates.The new rates for both FDs and recurring deposits will apply from 17 July 2025. Following the update, general customers will earn between 3.50% and 7.60% on tenures ranging from 7 days to 120 months. For senior citizens, rates will now range from 4% to 8.10%.Reduced interest on specific tenuresLast month, the bank had already adjusted FD rates. The revised 7.60% for a 24-month maturity is down from 7.75%. For slabs between 15 and less than 24 months, the rate has now dropped to 7.50%, a decline from the earlier 7.65%.Revised interest rates for Platinum Fixed Deposit Scheme The Platinum Fixed Deposit Scheme has new interest rates effective immediately. This non-callable FD product features four tenor choices. For a tenor of 12 months to less than 24 months, the rate is set at 7.60%. A 24-month deposit earns 7.70%. Deposits of 24 months and 1 day to 990 days attract a rate of 7.60%. Finally, for a 991 days to 60 months tenor, the rate is 7.30%. The minimum investment is less than Rs 3 crore.Interest rates by maturity period are set out as follows: for tenors between 7 days and 29 days, the rate is 3.50%; for 30 days to 90 days, 4.15%; for 90 days to 180 days, 4.65%; for 6 months to under 12 months, the rate is 6.50%; for 12 months to under 24 months, 7.50%; for exactly 24 months, 7.60%; for 24 months 1 day to 990 days, 7.50%; for 991 days to 60 months, 7.20%; and for 60 months 1 day to 120 months, 6.50%.For recurring deposits, the bank is offering rates between 6.50% and 7.60% annualised for tenures of 6 months to 120 months. The 24-month recurring deposit scheme yields the highest return, while deposits set for 6 to 9 months receive the lowest return in the schedule.
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