how to open fd in ujjivan small finance bank?

goodygoodyauthor

How to Open a FD in Ujjivan Small Finance Bank

Opening a fixed deposit (FD) account is a common investment strategy in India. It allows individuals and businesses to park their savings for a fixed period of time, earning interest in the process. Ujjivan Small Finance Bank, a newly established bank, offers FD accounts to its customers. This article outlines the steps to open an FD account with Ujjivan Small Finance Bank.

1. Choose an account type

Ujjivan Small Finance Bank offers two types of FD accounts:

a. Regular FD: This account has a fixed maturity period, usually between one and five years. Interest is paid quarterly or half-yearly, depending on the maturity period.

b. Semiannual FD: This account has a fixed maturity period of six months. Interest is paid semiannually.

2. Set up an account

To open an FD account with Ujjivan Small Finance Bank, follow these steps:

a. Go to the bank's official website: www.ujjivanbank.com

b. Click on the "Open an Account" option on the homepage.

c. Select the "Fixed Deposit" option and click on "Open FD".

d. Fill in the required personal and professional information, including your name, address, phone number, and email address.

e. Choose an account type (Regular FD or Semiannual FD) and enter the required details, such as the maturity period, interest rate, and deposit amount.

f. Upload the necessary documents, such as your passport size photo, signature, and identification proof (like Aadhaar card or driving license).

g. Click on the "Submit" button and follow the on-screen instructions to complete the application process.

3. Make the deposit

Once your application is accepted, you can make the deposit into your FD account. Follow these steps:

a. Go to the bank's official website and log in to your account.

b. Click on the "Deposit" option on the homepage.

c. Choose the "Fixed Deposit" option and click on "Deposit FD".

d. Enter the required details, such as the deposit amount, maturity period, and interest rate.

e. Upload the necessary documents, such as your passport size photo, signature, and identification proof.

f. Click on the "Submit" button and follow the on-screen instructions to complete the deposit process.

4. Track your FD

Once your FD account is open, you can track its performance online. Follow these steps:

a. Go to the bank's official website and log in to your account.

b. Click on the "Accounts" option on the homepage.

c. Select the "Fixed Deposit" option and click on "Fixed Deposit Details".

d. View the details of your FD account, including the interest rate, maturity period, and current interest balance.

e. To check the interest accrued, click on the "Interest" option.

Opening a FD account with Ujjivan Small Finance Bank is a straightforward process. By following these steps and submitting the necessary documents, you can easily open an FD account and start investing your savings for a fixed period of time.

comment
Have you got any ideas?