Ujjivan bank interest rate?
Ujjivan Small Finance Bank FD Rates. Ujjivan Small Finance Bank offers FD interest rates of 3.75-8.25% p.a. to the general public and 4.25-8.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years.
Is Ujjivan bank safe to invest?
Fixed deposits are considered to be a safe investment option as they are backed by the deposit insurance guarantee scheme of the Reserve Bank of India, which provides insurance coverage of up to INR 5 lakhs per depositor per bank.
Which bank is highest interest?
Which bank gives the highest interest rate on FD? As of 2024, Canara Bank offers the highest interest rate of 7.25% for 444 days.
What is the interest rate of 1 lakh loan in Ujjivan?
The EMI on a personal loan of Rs 1 Lakhs is subject to an interest rate offered to the applicant ranging from 16.20% to 20.00% per annum.
What is the interest rate for Ujjivan recurring deposit?
| Tenure | Interest Rates (p.a.) |
|---|---|
| 12 months 1 day 13 months | 6.70% |
| 13 months 1 day 559 days | 8.20% |
| 80 weeks | 8.45% |
| 561 days to 989 days | 7.70% |
Is Ujjivan Bank profitable?
Ujjivan Small Finance Bank reported a profit of ₹300 crore for the quarter ended December 2023, marking a y-o-y increase of 2.34 per cent compared to ₹293 crore for the same quarter last year. The bank's operating profit grew by 17.5 per cent to ₹45,730 crore from ₹38,892 crore in the Q3 pervious year.
Why is Ujjivan share price falling?
How Ujjivan Small Finance Bank shares TUMBLED after MD & CEO Nitin Chugh resigned. The stock tumbled 18.76 per cent to close at Rs 19.70 on the BSE. During the day, it tanked 20 per cent to its 52-week low of Rs 19.40.
Which bank gives 8% interest?
| Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) |
|---|---|---|
| Ujjivan Small Finance Bank | 8.25 | 8.25 |
| AU Small Finance Bank | 8.00 | 6.75 |
| RBL Bank | 8.00 | 7.50 |
| DCB Bank | 8.00 | 7.15 |
Which bank gives 9 percent interest?
| Small Finance Bank | Interest p.a. (%) | Duration |
|---|---|---|
| Equitas Small Finance Bank | 8.5 | 444 days |
| Utkarsh Small Bank | 9.10* | 2-3 years |
| Jana Small Finance Bank | 9.0* | 2-3 years |
| Ujivan Small Finance Bank | 8.25 | 560 days |
Which bank is giving 7% interest in savings account?
No financial institutions currently offer 7% interest savings accounts. But some smaller banks and regional credit unions are currently paying more than 6.00% APY on savings accounts and up to 9.00% APY on checking accounts, though these accounts have restrictions and requirements.
Who is eligible for Ujjivan Small Finance Bank?
ELIGIBILITY: Resident Indian Citizens between the ages of 22 to 58 years, having a regular income, are eligible to avail Personal Loan from Ujjivan Small Finance Bank (“Ujjivan”). The sanctioning of loan will be done at the sole discretion of Ujjivan.
How much interest does Ujjivan Small Finance Bank save?
Ujjivan Small Finance Bank offers interest rates between 3.50% to 7.50% on various amounts. The interest rates with the Ujjivan Small Finance Bank are effective as of June 1, 2023. The bank offers 7.50% on savings bank deposits of more than Rs 25 crore.
What is the interest rate for Ujjivan overdraft?
| Name of Scheme / Product | Minimum (%) | Mean Rate (%) |
|---|---|---|
| CGTMSE Term Loan | 11% | 13.00% |
| CGTMSE Overdraft facility | 10% | 12.00% |
| UNSECURED OVERDRAFT FACILITY | 16.22% | 18.25% |
| GECL (ECLGS) | 9.25% | 9.25% |
Which bank has highest Recurring Deposit?
HDFC Bank RD interest rates
The highest interest rate of 7.10% is available for a 15-month term. ICICI Bank offers recurring deposit interest rates between 4.75% to 7.10% for tenures of 6 months to 10 years. The highest interest rate of 7.10% is offered on tenure of 15 months, 18 months, 21 and 24 months.
Who owns Ujjivan Small Finance?
What is the future of Ujjivan Bank?
Ujjivan Small Finance Bank Outlook
ICICI Securities believes that in FY 2024, the total NII could be around 3280 crore. Operating income at Rs 1890 crore, net profit of Rs 1220 crore. In this scenario, promoters hold 73.7 per cent, FPI, as well as MF's share, equals 3.9 percent and 7.1 percent.
Is Ujjivan Bank under RBI?
On receipt of License from RBI, UFSL set up Ujjivan Small Finance Bank (USFB) and USFB commenced its Banking operations from February 1, 2017. We are a 'scheduled bank' included in the Second Schedule to the Reserve Bank of India Act, 1934 and a listed Entity.
Is Ujjivan a good buy?
Ujjivan Small Finance Bank has TTM P/E ratio 8.82 as compared to the sector P/E of 9.52. There are 14 analysts who have initiated coverage on Ujjivan Small Finance Bank. There are 7 analysts who have given it a strong buy rating & 7 analysts have given it a buy rating. 0 analysts have given the stock a sell rating.
What is the dividend of Ujjivan Bank?
For the year ending March 2023 Ujjivan Small Finance Bank has declared an equity dividend of 12.50% amounting to Rs 1.25 per share. At the current share price of Rs 58.65 this results in a dividend yield of 2.13%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
Is Ujjivan Bank merged?
The merger was announced by the bank on October 14, 2022. Currently, Ujjivan Financial holds 73% shareholding of Ujjivan Small Finance Bank and the holding company is 100% public.
Which bank gives 9.5 interest rate?
| Bank | Highest interest rate | Tenure |
|---|---|---|
| Jana SFB | 9% | 2 years to 3 years |
| Unity SFB | 9.50% | 1001 days |
| Fincare SFB | 9.11% | 750 days (Appx 2 years above ) |
| Suryoday SFB | 9.10% | 2 years to 3 years |
Which bank is best in India?
| Rank | Bank Name | Net Profit 2023 (Rs. Cr.) |
|---|---|---|
| 1 | State Bank of India (SBI) | 56,558 |
| 2 | HDFC Bank | 46,149 |
| 3 | ICICI Bank | 34,463 |
| 4 | Punjab National Bank (PNB) | 3,069 |
What is the highest FD rate in 2023?
The new rates are effective from October 1, 2023. Bank of India has revised fixed deposit interest rates on tenures below Rs 2 crore. After the revision, the bank offers interest rates between 3% and 7.25% for tenures ranging from 7 days to 10 years. For senior citizens interest rates vary between 3.5% to 7.75%.
What is 7.5 interest rate for 1 lakh?
| FD Amount | Amount | 1 lakh FD interest for 1 year |
|---|---|---|
| Rs. 1 lakh | Rs 583.33 | 7.00% |
| Rs. 1 lakh | Rs 625 | 7.50% |
| Rs. 1 lakh | Rs 666.66 | 8.00% |
| Rs. 1 lakh | Rs 708.33 | 8.50% |
