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Ujjivan Bank Savings Accounts

Ujjivan Small Finance Bank Savings Account

Last Updated 10th Nov 2020

  • Ujjivan Small Finance Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in Ujjivan Small Finance Bank is --.
  • You can get high returns up to 6.50% on a savings account.
  • Open instant Ujjivan Small Finance Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in Ujjivan Small Finance Bank.
Apply for Savings Account

Ujjivan Bank Savings Account

Ujjivan Small Finance Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of Ujjivan Bank Savings Account

Benefits of Ujjivan Small Finance Bank saving Account are as follow:

  • Ujjivan Small Finance Bank offers an interest rate on saving account in the range of 0.00% to 6.50%.
  • Balance requirement for Ujjivan Small Finance Bank savings account is .
  • An individual can transfer the Ujjivan Small Finance Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • Ujjivan Small Finance Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • Ujjivan Small Finance Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

Ujjivan Bank Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Ujjivan Bank Digital Savings Account4.00% - 6.50%NIL
Ujjivan Bank Regular Savings Account0.00% - 6.50%NIL
Ujjivan Bank Privilege Savings Account 0.00% - 6.50%NIL
Ujjivan Bank Senior Citizen Savings Account0.00% - 6.50%NIL
Ujjivan Bank Minor Savings Account4.00% - 6.50%NIL
Ujjivan Bank Basic Savings Bank Deposit Account 4.00% - 6.50%NIL

Ujjivan Bank Savings Account Products

Ujjivan Bank offers multiple savings account products for different purposes. Some of the popular products of Ujjivan Bank savings are:

Ujjivan Bank Digital Savings Account

Ujjivan Finance Bank to increase the customer base introduced Ujjivan Bank Digital Savings Account. Under this, customers can open their accounts within minutes and can experience an excellent banking experience.

Key Features:

  • No minimum balance required.
  • Accidental insurance available

Eligibility:

  • Indian resident of 18 years of age and above

Ujjivan Bank Regular Savings Account

Ujjivan Bank Regular Savings Account pays a modest interest rate, its reliability and safety make it an excellent option for parking money one wants for short-term needs.

Key Features:

  • No Average Monthly Balance criteria.
  • NEFT, RTGS, IMPS and Funds Transfer facilities available.

Eligibility:

  • Indian resident of 18 years of age and above

Ujjivan Bank Privilege Savings Account

Ujjivan Bank Privilege Savings Account is designed for a specific category. One can open an account under this only if he fulfills the minimum amount required in saving or fixed accounts or earns a minimum salary.

Key Features:

  • NEFT, RTGS, IMPS and Funds Transfer facilities available.
  • Higher accidental insurance up to Rs. 2

Eligibility:

  • Indian resident of 18 years of age and above

Ujjivan Bank Senior Citizen Savings Account

Ujjivan Bank Senior Citizen Savings Account is targeted towards the senior citizens. It provides a high-interest rate and excellent banking experience.

Key Features:

  • NEFT, RTGS, IMPS and Funds Transfer facilities available.
  • No Average Monthly Balance.
  • No Minimum balance charges

Eligibility:

  • Indian residents above age 60 years

Ujjivan Bank Minor Savings Account

Ujjivan Bank Minor Savings Account offers Bachpan which is a Saving account for children. It also serves the purpose of inculcating in children the habit of saving.

Key Features:

  • No Average Monthly Balance.
  • Account can be opened jointly with guardian only.
  • Account is maintained byguardian till the minor becomes major.
  • Have the option of converting the account into a Regular Savings Account when the minor turns major.
  • NEFT, RTGS, IMPS and Funds Transfer facilities available.

Eligibility:

  • Indian resident of 18 years of age and above

Ujjivan Bank Basic Savings Bank Deposit Account

Ujjivan Bank Basic Savings Bank Deposit Account allows you to deposit money, keep it safe, and withdraw funds all while earning interest.

Key Features:

  • No Average Monthly Balance.
  • Option of opening account single or joint
  • NEFT and IMPS facilities available.

Eligibility:

  • Indian resident of 18 years of age and above

Ujjivan Bank Savings Account Nomination Plan

Ujjivan Small Finance Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Ujjivan Bank savings account provides the nomination facility in all the savings products.

Ujjivan Bank Savings Account Welcome Kit

Ujjivan Small Finance Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

Ujjivan Bank Savings Account Helpline

Individuals can call Ujjivan Small Finance Bank’s 24X7 helpline number , which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online

FAQs

Can I open Ujjivan Bank bank account online?

Ujjivan Small Finance Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an Ujjivan Bank savings account?

Minimum balance requirement differs with Ujjivan Small Finance Bank saving account products. The minimum balance required to open a Ujjivan Bank Regular Savings Account in Ujjivan Small Finance Bank is .

Which saving account is best in Ujjivan Bank?

There are various savings account products offered by Ujjivan Small Finance Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open Ujjivan Bank account with zero balance?

The minimum balance requirement to open a savings account with Ujjivan Small Finance Bank is . If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


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Ujjivan Bank News - Jan 2021
  • 2020-11-10 : Ujjivan Small Finance Bank reported a marginal rise in Q2 net profit
    Ujjivan Small Finance Bank posted a marginal rise in net profit at Rs 96 crore for September. Total income during July-September 2020-21 increased to Rs 818.01 crore on the back of retail loans like home, personal, gold, two-wheeler and car loan along with business and mudra loans. Further, The bank opened 5.1 lakh deposit accounts between April and September while retail deposits have now grown to 49% of total deposits as against 42% a year back. Deposits which includes fixed and recurring deposits stood at Rs 10,743 crore.
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