Ujjivan bank - online FD at 8.25% (senior) and 7.7% (regular)

Online fd is safe?

Rakhi_srikak wrote:

Online fd is safe?

Safety is on bank
Not on which type of fd you make

BAT_MAN wrote:
Safety is on bank
Not on which type of fd you make

Usually banks have upto 5L FD insured by RBI, so it's mostly safe. But better to go with major banks for more convenience incase something goes wrong

fully safe bank. go for it.

just fyi, Platina FD needs min 15 lakhs & can't be broken before maturity.

Press_Release__Ujjivan_Small_Finance_Bank_offer_Platina_FD_Facility.pdf (ujjivansfb.in)

@MrMonkey

They know RBI is going to hike rate more frequently now as they failed in controlling inflation 

Thats why they are locking you in 

Dont do any long term FD till inflation gets sorted 

Fd rates could easily reach 9% for SC 

EkdamSastaRaju wrote:

They know RBI is going to hike rate more frequently now as they failed in controlling inflation 

Thats why they are locking you in 

Dont do any long term FD till inflation gets sorted 

Fd rates could easily reach 9% for SC 

https://media.tenor.com/anHGmrKtWwQAAAAM/bulati...

EkdamSastaRaju wrote:

They know RBI is going to hike rate more frequently now as they failed in controlling inflation 

Thats why they are locking you in 

Dont do any long term FD till inflation gets sorted 

Fd rates could easily reach 9% for SC 

When is next rbi meeting or when will they announce hike next?

guest_999 wrote:

just fyi, Platina FD needs min 15 lakhs & can't be broken before maturity.

Press_Release__Ujjivan_Small_Finance_Bank_offer_Platina_FD_Facility.pdf (ujjivansfb.in)

@MrMonkey

already mentioned in original post

😳
@kukdookoo
kya bhai
still under moderation 

8.25% kidar hai bhai...

MrKool_JJ wrote:

8.25% kidar hai bhai...

uske liye senior citizen banana padega 😜

@MrKool_JJ

BAT_MAN wrote:

😳
@kukdookoo
kya bhai
still under moderation 

Russian side effects.

MrMonkey wrote:
Usually banks have upto 5L FD insured by RBI, so it's mostly safe. But better to go with major banks for more convenience incase something goes wrong

Any suggestion for bank fd?

guest_999 wrote:
Russian side effects.

no no paji scammers ko ragadne ke side effects

bornsmart wrote:
Any suggestion for bank fd?

I have some FD in Groww (IndusInd bank) with 6.25-7% interest (breakable with less interest) and Paytm Payments Bank as well. Other major banks offer very less interest rate

BAT_MAN wrote:

😳
@kukdookoo
kya bhai
still under moderation 

paji scammers ko ragadne ki sazaa

Is this bank safe? I've seen Indian scammers regularly use Ujjivan bank to loot money

timelord wrote:

Is this bank safe? I've seen Indian scammers regularly use Ujjivan bank to loot money

All scheduled commercial banks are more or less safe if by that you mean risk of losing depositors money in case bank fails. As for cyber security, pnb scam by nirav  happened because their system at that time didn't even have the basic function of reconciliation for large amt LoC entries or 2 factor authorization via senior mgmt at top level for such amounts. One can say a typical psu bank (excl SBI because of its special status) IT system should be less secure than a typical pvt scheduled commercial bank. 

guest_999 wrote:
All scheduled commercial banks are more or less safe if by that you mean risk of losing depositors money in case bank fails. As for cyber security, pnb scam by nirav  happened because their system at that time didn't even have the basic function of reconciliation for large amt LoC entries or 2 factor authorization via senior mgmt at top level for such amounts. One can say a typical psu bank (excl SBI because of its special status) IT system should be less secure than a typical pvt scheduled commercial bank. 

I mean they are adding new accounts without proper kyc verification otherwise how scammers take accounts particularly from this bank

kukdookoo wrote:
When is next rbi meeting or when will they announce hike next?

Tom 2/11

timelord wrote:

I mean they are adding new accounts without proper kyc verification otherwise how scammers take accounts particularly from this bank

This is common practice, there are many poor ppl willing to rent their bank acc/aadhaar for small commission without realizing (& sometimes even knowingly) to these scamsters. Only thing is, once too many such cases come to light in a particular bank in a particular region then that bank start doing very strict kyc thus also irritating genuine customers & the scamsters move on to a different bank in a different location.

kukdookoo wrote:
When is next rbi meeting or when will they announce hike next?

Nov 2 - Fed
Nov 3 - RBI

EkdamSastaRaju wrote:
Nov 2 - Fed
Nov 3 - RBI

2nd means today night as per Indian time so impact here will be shown tomorrow? And impact in us market at the same time when their markets are open on 2nd?

BAT_MAN wrote:
Tom 2/11

2nd means today night as per Indian time so impact here will be shown tomorrow? And impact in us market at the same time when their markets are open on 2nd?

kukdookoo wrote:
2nd means today night as per Indian time so impact here will be shown tomorrow? And impact in us market at the same time when their markets are open on 2nd?

Kaal hoga bawal 

timelord wrote:

Is this bank safe? I've seen Indian scammers regularly use Ujjivan bank to loot money

Can u share more details on the scams u r mentioning?

dhinchakrohit wrote:
Can u share more details on the scams u r mentioning?

Before crypto currency crash there is a company called Rptech that sell Nvidia gpus. You need to give them your email address to rptech inorder for them to allot a gpu because of the scarcity but these rptech employees sell this email address to scammers and these scammers send spoofed email address that look like from rptech which contain Ujjain bank details to send money for the gpu instead of razorpay link from original rptech email. Go to r/indiangaming for more details