Fixed deposits are viewed as a decent choice to put cash in a protected spot and Small Finance Banks are giving generally excellent premium when contrasted with banks. Assuming that you are a senior resident and need in excess of 7% loan cost, the Ujjivan Small Finance Bank has thought of an extraordinary choice for you.
Ujjivan Small Finance Bank is offering a loan fee of 7.50 percent on FD for Senior Citizen. The new paces of interest have become effective from December 31. Assuming you need, you can get total data about it by visiting the authority site of the bank.
Quite, the bank is offering a loan cost of 7.5 percent on term stores to senior residents for a tenor of 990 days. A loan fee of 7.35 percent is presented on term stores of 19 months and 1 day.
Discussing the others (non-senior residents), the bank is giving them a loan fee of 6.75 percent for a time of 990 days. Aside from this, a financing cost of 6.6 percent is being given for a time of 19 months and 1 day.
If you look at the return of 7.5 percent interest available on term deposits for senior citizens, then there is an opportunity to earn Rs 1.22 lakh on Rs 1 lakh. That is, if a senior citizen deposits Rs 1 lakh for 990 days, he will get Rs 1,22,314 on maturity.
A unique facility is being given to senior residents on the bank account. 7.35 percent premium is being given on the deposit sum for a long time. While premium is getting at the pace of 7.25 percent on the deposit amount of a year.
