Ujjivan Bank Platina Fixed Deposit: Features, Benefits & How to Apply

Ujjivan Bank Platina Fixed Deposit, launched in 2022, aims to provide competitive interest rates to depositors booking fixed deposits between ₹1 crore and less than ₹3 crore. Initially, the maximum deposit amount of this fixed deposit was less than ₹2 crore. However, later, it was revised to less than ₹3 crore. Explore the features, benefits and eligibility criteria to book this fixed deposit. 

What Is Ujjivan Bank Platina Fixed Deposit?

Ujjivan Bank Platina Fixed Deposit is a specially designed FD scheme for a tenure of 1 year to 5 years. The minimum amount of deposit in this scheme is ₹1 crore while the maximum limit should not exceed ₹3 crore. This scheme offers interest rates of up to 8.45%, helping you maximise your returns on bulk deposits.

Features of Ujjivan Platina Fixed Deposit

Here are the important features of Ujjivan Platina Fixed Deposit:

• It is a non-callable deposit for retail customers.
• Premature withdrawal or partial withdrawal is not allowed for this scheme.
• You can book this FD for 12 months to 60 months.
• As a depositor, you can choose the suitable interest payout option from monthly, quarterly or at maturity. 

Benefits of Investing in Ujjivan Platina FD

You can reap the following benefits by booking Ujjivan Platina fixed deposit:

• Depositors can earn up to 8.45% interest per annum.
• The interest income is predictable and pre-determined.
• You can choose from multiple interest payout opinions based on your financial needs.
• As a depositor, you can choose a cumulative withdrawal option. 

How to Book Ujjivan Bank Platina Fixed Deposit?

The process to book a Ujjivan Bank Platina FD differs for existing and new customers as follows:

1. Process for Existing Customers

Existing customers of Ujjivan Bank can book this fixed deposit using any of the following methods:

• Internet banking
• Missed call at 7996666663
• Mobile banking app
• By visiting the online FD page of the bank on the website, after completing the KYC process
• Offline, by visiting any of the bank branches

1. Process for New Customers

Here are the steps new customers need to follow in order to book a Platina FD with Ujjivan Bank:

Step 1: Go to the Ujjivan SFB Platina FD page.

Step 2: Choose ‘New Customer’ and complete the necessary KYC process.

Step 3: Fill in the FD details such as principal, tenure and interest payout option.

Step 4: Pay the principal amount online to book your Platina FD.

Eligibility Criteria to Book Ujjivan Bank Platina Fixed Deposit

If you meet the criteria mentioned below, you can book a Platina FD with UJjivan Small Finance Bank:

• Individuals or Non-individuals
• Resident and Non-resident Indians
• Your deposit amount is at least ₹1 crore and less than ₹3 crore, within the specified Platina FD limit. 

Ujjivan Platina FD Rates 2025

Here are the interest rates on Platina FD (Ujjivan Bank) as of 8^th April 2025:

Ujjivan Bank Platina Fixed Deposit does not allow premature or partial liquidation. As a result, depositors do not have to be concerned about penalty deductions on effective interest rates. This helps them maximise their interest income while they plan their financial goals strategically based on predictable returns. 

However, if you are looking for a better alternative with higher returns and a lower minimum investment, consider booking an FD via the Stable App. You can earn up to 9.10% returns with an investment starting from just ₹1,000.