Home

Question

Which Small Finance Bank has launched 'Platina Fixed Deposit' scheme offering an interest rate of 15 basis points (bps)?
  • Equitas Small Finance Bank
  • Ujjivan Small Finance Bank
  • AU Small Finance Bank
  • Jana Small Finance Bank
Answer- B
Ujjivan Small Finance Bank (SFB) has introduced the 'Platina Fixed Deposit' scheme, which provides interest rates that are 15 basis points (bps) higher than Ujjivan SFB's standard term deposit rates. The Platina FD is a non-callable deposit that does not allow for partial or premature withdrawals. The interest earned can be received monthly, quarterly, or at the end of the maturity period.