What is 1 lakh fixed deposit interest per month in Ujjivan SF Bank?

General
1

It is easy to calculate 1 lakh fixed deposit interest per month in Ujjivan SF Bank. You can calculate the interest receivable using this formula: Monthly Interest = Annual Interest Rate × Principal / 12 × 100.
So, annual interest rate is 7.45% for general citizens and 7.95% for senior citizens as of now.
Since principal amount is Rs. 1 lakh, the calculation would be as follows:

For General citizens
Monthly interest = 7.45×100000/12×100 = ₹621

For Senior Citizens
Monthly interest = 7.95×100000/12×100 = ₹663

Hope this helps.

2

Hii there, I looked up the bank’s latest interest rate for a typical 24-month-plus tenure: it’s about 7.45% p.a. for regular citizens.

If you deposit ₹1,00,000, then:

• Annual interest ≈ ₹1,00,000 × 7.45% = ₹7,450 per year

• Monthly equivalent ≈ ₹7,450 ÷ 12 ≈ ₹620 per month

If you’re a senior citizen and get the extra 0.50% rate:

• Annual interest ≈ ₹1,00,000 × 7.95% = ₹7,950

• Monthly equivalent ≈ ₹663 per month

Important things to note:

• The interest above is for the per annum rate and is converted simply to a “per-month” figure for convenience. Actual monthly payout may differ depending on payout schedule (monthly, quarterly, maturity).

• Rates vary by tenure (12 months, 24 months, etc.). Walk-in shorter-tenure or special scheme rates could be lower.

• If you opt for a monthly payout option, sometimes the rate is slightly discounted compared to at-maturity payout.

• Interest earned is taxable (and subject to TDS if limits are exceeded). So your net “take-home” might be a little less.

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