Highest Savings Account Interest: This Bank Now Offers Up to 7.50% Interest
| Feb 22, 2025, 14:43 IST
If you're looking to earn more interest on your savings account, there's good news! Ujjivan Small Finance Bank has revised its interest rates on savings accounts and fixed deposits (FDs) for deposits below ₹3 crore. The new rates came into effect on February 21, 2025.
Higher FD Interest Rates for Senior Citizens
Ujjivan Small Finance Bank now offers an 8.25% interest rate on 18-month FDs for regular customers, while senior citizens can earn 8.75% for the same period. Earlier, the highest rate was 8.25% for a 12-month tenure.
Latest Fixed Deposit (FD) Interest Rates
| FD Tenure | Interest Rate (General) | Interest Rate (Senior Citizens) |
|---|---|---|
| 7 to 29 days | 3.75% | Higher Rate Applies |
| 30 to 89 days | 4.25% | Higher Rate Applies |
| 90 to 180 days | 4.75% | Higher Rate Applies |
| 6 months to <12 months | 7.00% | Higher Rate Applies |
| 12 months to <18 months | 8.10% | Higher Rate Applies |
| 18 months | 8.25% | 8.75% |
| 18 months 1 day – 990 days | 7.75% | Higher Rate Applies |
| 991 days – 60 months | 7.20% | Higher Rate Applies |
| 60 months 1 day – 120 months | 6.50% | Higher Rate Applies |
Savings Account Interest Rates
Ujjivan Small Finance Bank has also increased interest rates on savings account balances, making it one of the most rewarding options for depositors.
| Savings Account Balance | Interest Rate (Per Annum) |
|---|---|
| Up to ₹1 lakh | 3.25% |
| ₹1 lakh – ₹5 lakh | 5.00% |
| ₹5 lakh – ₹25 lakh | 7.25% |
| Above ₹25 lakh | 7.50% |
These revised rates offer an excellent opportunity for depositors to maximize returns on their savings and fixed deposits. If you're planning to grow your money safely, these new interest rates make Ujjivan Small Finance Bank a strong option to consider.
