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Tax Saver Fixed Deposit (FD)

Whether you're a salaried professional looking to exhaust your 80C limit before March 31st, or someone simply seeking a minimal-risk investment with a tax edge, our Tax Saver FD is designed to offer you the best of both worlds.

Invest for 5 years and claim tax deductions of up to ₹1.5 lakh every financial year while earning a competitive interest rate of 7.20% p.a. on your investment with our Tax Saver FD.

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Key Features & Benefits of Tax Saver FD

  • Tax Benefits up to ₹1.5 lakh
     

    Claim tax deduction up to ₹1.5 lakh under Section 80C of the Income Tax Act

  • Enjoy Higher Interest Rates
     

    Maximise your savings with higher interest rates up to 7.2%* p.a.

  • Choose your Deposit Amount
     

    Start investing with as low as ₹1000 and maximum of ₹1.5 lakh in a financial year

  • Lock-in Period of 5 Years
     

    Stay invested for 5 years, save tax and watch your deposit grow. Premature withdrawal not allowed

  • Multiple Pay-out Options
     

    Select your preferred interest pay-out options – monthly, quarterly or at maturity

  • Joint Account Opening Facility
     

    Account can be opened individually or jointly. However, the tax deduction can be claimed only by the primary a/c holder

NOTE : As per the Term Deposit Scheme, 2006 issued by the Central Government of India , premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted.

Tax Saver Fixed Deposit Interest Rates

Below mentioned are the Interest Rates with Effect from 05th Aug 2025

TenureInterest Rate (*p.a)
5 years7.20%


 

View FD Interest Rates.

Eligibility Criteria for Tax Saver FD

  • Resident Indians
  • Hindu Undivided Families (HUFs)
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How to Open a Tax Saver Fixed Deposit Account Online

Want to invest in Ujjivan SFB Tax Saver Fixed Deposit? Follow these simple steps:

 

If you are a new customer

  • Visit Ujjivan SFB Tax Saver Fixed Deposit Page and click on ‘Apply Now’
  • Type in your details
  • Generate OTP
  • Hit the submit button and complete the account opening process

If you are an existing customer

If you are an existing Ujjivan SFB customer, you can open the Tax Saver Fixed Deposit through any of the following methods

  • Internet banking
  • Mobile banking application
  • Give a missed call at 799 666 6663
  • Visit the nearest bank branch
  • Visit the online FD page and complete your KYC

Once you complete the online account opening process, the bank will send you the FD deposit receipt to your registered email ID within 24 hours.

Need further assistance? Call our 24/7 customer support 1800 208 2121 or visit your nearest branch.

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FAQs

1. What is the Ujjivan Small Finance Bank Tax Saver Fixed Deposit Account?

Ujjivan SFB Tax Saver Fixed Deposit is a type of FD that comes with a lock-in period of 5 years and lets you save tax under section 80C of the Income Tax Act, 1961.

2. I am an NRI. Can I invest in Ujjivan SFB Tax Saver Fixed Deposit?

Ujjivan SFB’s Tax Saver Fixed Deposit is a domestic investment account meant for resident Indians and members of Hindu undivided families. NRIs cannot invest in the deposit account. 

3. Can I make premature withdrawals from the Tax Saver Fixed Deposit account?

No, premature and partial withdrawals are not permitted for the Ujjivan SFB Tax Saver FD. Once you deposit your money, it gets locked-in for five years. 

4. Can I get a loan and overdraft facility for my deposit under a Tax Saver Fixed Deposit account?

Loan and overdraft facilities are not available for deposits made under Tax Saver Fixed Deposit account.

5. When can I receive the interest earned on my deposit under the Tax Saver Fixed Deposit account?

If you select the non-cumulative interest payout option, you can receive the interest quarterly or monthly. But if you pick a cumulative deposit account, then the interest is paid at maturity in a lump sum amount.

6. What is the minimum amount I need to deposit under the Ujjivan SFB Tax Saver Fixed Deposit account?

You need to make a minimum investment amount of ₹1,000 in a FY to open the Ujjivan SFB Tax Saver Fixed Deposit Account.

7. What are the customer care details for Ujjivan SFB’s Tax Saver Fixed Deposit Account?

If you want to connect with Ujjivan Small Finance Bank's customer care centre, you need to call on the toll-free number 1800-208-2121 or visit the nearest branch or use the 24*7 phone banking facility.

8. How can I find the nearest Ujjivan SFB bank branch to open a Tax Saver Fixed Deposit Account?

Ujjivan SFB has 720+ branches spread across 24 states and Union Territories of India. To find your nearest branch, visit the website and go to the 'Locate Us' section. 

9. What is the interest rate for Ujjivan SFB’s Tax Saver Fixed Deposit account?

The interest rate provided for Ujjivan SFB’s Tax Saver Fixed Deposit account is 7.20%* p.a. for five years.