Ujjivan Small Finance Bank Increases USD FCNR(B) Deposit Rates to 7.50% p.a.

Ujjivan Small Finance Bank Adjusts USD FCNR(B) Deposit Rate

Ujjivan Small Finance Bank has announced a notable change in its interest rates for USD Foreign Currency Non-Resident (FCNR) deposits, as they now stand at 7.50% per annum. This revision aligns with the recent policy initiatives from the Reserve Bank of India (RBI) aimed at attracting more foreign currency investments into the Indian banking system. This move is particularly aimed at benefiting the Non-Resident Indian (NRI) community, enhancing their investment opportunities while also fortifying the country's foreign exchange reserves.

Supporting Foreign Inflows

The RBI's recent measures are designed to promote stable foreign currency inflows, a critical aspect that improves the liquidity and strength of the Indian banking sector. By raising its interest rate for USD FCNR(B) deposits for tenures ranging from three to five years, Ujjivan Small Finance Bank aims to make these deposits more attractive to NRIs, who play a vital role in contributing to India's economic landscape.

Mr. Hitendra Jha, Head of Retail Liabilities at Ujjivan SFB, shared insights on this development, emphasizing how the revised rates reflect a competitive edge in the industry. He stated, "The RBI's policy initiative signifies a strategic move towards attracting steady foreign currency inflows into the banking structure while boosting confidence among Non-Resident Indians. At Ujjivan SFB, we have adjusted the interest rates on our USD FCNR(B) deposits to 7.50%, a rate that ranks among the most competitive within the banking sector. This change not only serves NRIs with appealing investment avenues but also plays a role in aiding India's foreign exchange strengths and overall economic stability."

Commitment to Customers

This elevated rate reflects Ujjivan SFB's dedication to providing customer-centric banking solutions that cater to the needs of NRIs. The bank, established with a vision to transform financial accessibility for everyone, has consistently worked toward enhancing its offerings. By mobilizing long-term foreign currency deposits through attractive rates, Ujjivan SFB aims to strengthen its engagement with the NRI community.

About Ujjivan Small Finance Bank

Ujjivan Small Finance Bank runs a vast network serving approximately over one crore customers across 776 branches situated in 335 districts partitioned among 26 states and Union Territories. The bank prides itself on a robust digital infrastructure, ensuring that its customers can access numerous financial products swiftly and efficiently. Its loan portfolio spans various areas, including Affordable Housing, Micro, Small, and Medium Enterprises (MSMEs), Agriculture, and more.

As of the end of March 2026, the bank's gross loan book was reported at ₹40,655 crore while its total deposits reached ₹45,668 crore, showcasing a comprehensive balance sheet. The financial stability is underscored by its strong credit ratings: AA- (Stable) for long-term facilities and A1+ for short-term instruments, assigned by respected agencies CARE Ratings and CRISIL.

The increase in FCNR(B) deposit rates is one more step towards promoting long-term economic growth and resilience in India's external sector, echoing the bank’s commitment to nurturing sustainable financial solutions. For further information, please visit Ujjivan's official website.