Ujjivan Small Finance Bank has increased the interest rate on fixed deposits by up to 1.5% with effect from August 9, 2022. The bank has raised the rate by 0.3-1.50% across different tenures on the occasion of the 75 years of India's Independence. It also introduced tenures of 75 weeks (525 days) and 75 months with 7.5% rate per annum.