What is Platina Fixed Deposit? High-Yield Returns for High-Value Investors

For investors looking to park a large surplus in a fixed-return instrument, a regular fixed deposit may not always feel rewarding enough. This is where a Platina Fixed Deposit can be a strong option.

Ujjivan Small Finance Bank’s Platina Fixed Deposit is a retail non-callable fixed deposit designed for high-value investments. It offers interest rates of up to 7.55%* p.a. (*data as on 4 May 2026, T&C apply),  with a tenure ranging from 12 months to 60 months. Since it is non-callable, premature withdrawal facilities are not available under this scheme. 

In simple terms, a Platina FD is suitable for investors who want to commit a large amount for a fixed period and earn predictable returns without market-linked fluctuations.

What is a Platina Fixed Deposit?

A Platina Fixed Deposit is a high-value fixed deposit where the deposit remains locked in for the selected tenure. Unlike regular FDs, where premature withdrawal may be allowed with a penalty, Ujjivan SFB’s Platina FD does not allow premature withdrawal. The funds can be accessed only upon maturity, except in specific situations as mentioned in the applicable terms and conditions. 

This structure helps investors stay committed to their investment horizon while earning a comparatively attractive interest rate on a large deposit amount.

Key Features of Ujjivan SFB Platina FD

Ujjivan SFB Platina FD comes with a focused set of features designed for investors who prioritise stable returns and disciplined investing.

*Data as on 4 May 2026

Ujjivan SFB Platina FD Interest Rates

The interest rates are effective from 05 August 2025. The highest available rate is 7.55%* p.a. for a tenure of 24 months. 

*Data as on 4 May 2026. Interest rates are subject to change, so investors should always check the latest applicable rate before booking the deposit.

Why Consider a Platina Fixed Deposit?

A Platina FD can be a practical option when you want to earn fixed returns on a large amount without exposing the money to market volatility.

Because the deposit is non-callable, it is best suited for investors who are confident that they will not need the invested amount during the chosen tenure. In return for this commitment, the product offers a premium fixed deposit experience with multiple payout options and higher interest rates. 

Interest Payout Options

Ujjivan SFB Platina FD offers flexibility in how investors receive interest. The available interest payout options are:

• Monthly payout 
• Quarterly payout 
• Interest payout at maturity 

For non-cumulative deposits, investors can choose monthly or quarterly interest payouts. For cumulative deposits, the interest is paid as a lump sum at maturity. 

This allows investors to choose an option based on their financial needs. Those looking for periodic income may prefer monthly or quarterly payouts, while those focused on wealth accumulation may consider the cumulative option.

Who is Eligible for Ujjivan SFB Platina FD?

Ujjivan SFB’s eligibility criteria include both individuals and non-individuals. The product is available to Resident Indians and Non-Resident Indians (NRIs). The minimum deposit condition is that the amount should be above ₹1 crore and below ₹3 crores. 

This makes the product relevant for:

• High-net-worth individuals 
• NRIs looking for fixed-return deposit options 
• Business owners with surplus funds 
• Institutions or non-individual entities 
• Investors who have received a large lump sum and want predictable returns 

Things to Consider Before Investing in a Platina FD

Before booking a Platina FD, investors should evaluate the following:

1. Liquidity Needs

Since premature withdrawal is not available, it is important to ensure that the funds will not be needed during the chosen tenure.

2. Investment Horizon

Choose a tenure that matches your financial goals. Ujjivan SFB Platina FD allows a tenure between 12 months and 60 months. 

3. Interest Payout Preference

If you want periodic income, monthly or quarterly payouts may be suitable. If you want to receive the interest at the end of the tenure, the cumulative option may be considered.

4. Tax Implications

Interest earned from fixed deposits is generally taxable as per applicable income tax rules. Investors should consider their tax bracket and consult a tax advisor for personalised guidance. The Income Tax Department also states that interest income is covered under “Other sources” for applicable return categories.

5. No Auto-Renewal

Ujjivan SFB Platina FD does not offer auto-renewal. If you wish to continue investing after maturity, you will need to book a fresh deposit. 

How to Manage Liquidity Alongside a Platina FD

A Platina FD can be effective when used as part of a broader liquidity plan. Since the deposit is locked in until maturity, investors may consider keeping a separate emergency fund or liquid balance for short-term needs.

For example, you may choose to maintain funds in a savings account or a more flexible deposit product while investing only the amount that you can comfortably keep locked in through the Platina FD tenure.

This helps you benefit from fixed returns while ensuring that urgent liquidity needs are not compromised.