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Ujjivan Bank Savings Account Interest Rates

Ujjivan Bank Savings Account Interest 2020-21

Last Updated 10th Nov 2020

Saving Account Interest Rate
Ujjivan Bank Digital Savings Account 4.00% - 7.00%
Ujjivan Bank Regular Savings Account 4.00% - 7.00%
Ujjivan Bank Privilege Savings Account 4.00% - 7.00%
Ujjivan Bank Senior Citizen Savings Account 4.00% - 7.00%
Ujjivan Bank Minor Savings Account 4.00% - 7.00%
Ujjivan Bank Basic Savings Bank Deposit Account 4.00% - 7.00%
Apply for Savings Account

Ujjivan Bank Bank Savings Accounts Interest Rate

Ujjivan Small Finance Bank offers an interest rate ranging between 4.00% to 7.00% on the minimum average balance maintained in the savings account. It calculates the interest rate on savings bank accounts on a daily basis. However, the interest is paid to the account holders every quarter. With Ujjivan Small Finance Bank Savings Account youth and minors can get additional benefits on their Savings Account.

Features

Ujjivan Small Finance Bank Savings Account helps you to save money by providing interest on your idle money deposited in the savings accounts. The rate of interest on Ujjivan Small Finance Bank Savings Account varies as per the Savings Account product. Some of the key features and benefits of Ujjivan Small Finance Bank savings account are:

  • It offers interest rates from 4.00% to 7.00% p.a. You can easily access Ujjivan Small Finance Bank Savings Account anywhere through a large network of branches and ATMs.
  • If you want to transfer funds from Ujjivan Small Finance Bank Savings account to any other bank account, you can do it through modes such as RTGS, IMPS, NEFT and UPI facilities.
  • Ujjivan Small Finance Bank personalized account number and cheque book enhances security and ensures your money is safe.
  • You can get SMS Alerts and e-statement facilities with Ujjivan Small Finance Bank Savings Account.
  • With Auto Sweep Facility of Ujjivan Small Finance Bank, your account can be linked to Multi Option Deposit MOD account.

Ujjivan Bank Savings Account Rates

Saving Account Interest Rate Minimum Balance
Ujjivan Bank Digital Savings Account 4.00% - 7.00% N.A
Ujjivan Bank Regular Savings Account 4.00% - 7.00% N.A
Ujjivan Bank Privilege Savings Account 4.00% - 7.00% N.A
Ujjivan Bank Senior Citizen Savings Account 4.00% - 7.00% N.A
Ujjivan Bank Minor Savings Account 4.00% - 7.00% N.A
Ujjivan Bank Basic Savings Bank Deposit Account 4.00% - 7.00% N.A

Banks Offering NetBanking Services

Ujjivan Bank Savings Account Products

  • Ujjivan Bank Digital Savings Account: Ujjivan Small Finance Bank offers interest rates ranging between 4.00% to 7.00% on Ujjivan Bank Digital Savings Account.You can open a Ujjivan Bank Digital Savings Account in Ujjivan Small Finance Bank by depositing amount as minimum balance.
  • Ujjivan Bank Regular Savings Account: If you have deposited your excess funds in a Ujjivan Bank Regular Savings Account, you can get interest at 4.00% to 7.00% on your account. This account can be opened by anyone with a minimum age of 18 Years.
  • Ujjivan Bank Privilege Savings Account : Ujjivan Small Finance Bank provides interest rates ranging between 4.00% to 7.00% on Ujjivan Bank Privilege Savings Account . The minimum balance requirement to open this account is .
  • Ujjivan Bank Senior Citizen Savings Account: You can get interest at 4.00% and 7.00% respectively on Ujjivan Bank Senior Citizen Savings Account in Ujjivan Small Finance Bank. The account can be opened in Ujjivan Small Finance Bank by depositing amount.The debit card available for this account are Rupay Classic).
  • Ujjivan Bank Minor Savings Account: If you have deposited your excess funds in a Ujjivan Bank Minor Savings Account, you can get interest at 4.00% to 7.00% on your account.
  • Ujjivan Bank Basic Savings Bank Deposit Account : You can get interest at 4.00% to 7.00% in Ujjivan Bank Basic Savings Bank Deposit Account . This account can be opened in Ujjivan Small Finance Bank by depositing a minimum amount of after an age of 18 Years.

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FAQs

How much interest is charged by Ujjivan Bank on Savings Account?

Ujjivan Bank offers an interest rate of 4.00% to 7.00% on Savings Account.

What are the balance non - maintenance Charges on Ujjivan Bank Savings Account?

The Balance Non Maintenance Charges on Savings Account by Ujjivan Bank are NIL.

What are the Ujjivan Small Finance Bank ATM Transaction charges on Savings Account?

Ujjivan Bank ATM Transaction charges on Savings Account are 6 free transactions and after that Rs. 20 for per financial transaction and Rs. 10 for per non-financial transaction .

How does Ujjivan Bank calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Ujjivan Small Finance Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does Ujjivan Small Finance Bank offer Debit Card to the account holder?

Yes, various Debit Cards are offered, differing according to the product. Some of the popular savings account products of Ujjivan Small Finance Bank with the type of Debit Card offered are listed in the table below.

Ujjivan Bank Digital Savings AccountRupay Classic
Ujjivan Bank Regular Savings AccountRupay Classic
Ujjivan Bank Privilege Savings Account Rupay Classic
Ujjivan Bank Senior Citizen Savings AccountRupay Classic
Ujjivan Bank Minor Savings AccountRupay Classic
Ujjivan Bank Basic Savings Bank Deposit Account NA

Interest rate on all Ujjivan Small Finance Bank deposits products listed in the table above is 4.00% to 7.00%.

What is the withdrawal limit of the account?

The withdrawal limit offered in Ujjivan Small Finance Bank is Rs. 25,000

What is the eligibility criteria to open a savings account in Ujjivan Small Finance Bank?

Eligibility criteria for Ujjivan Small Finance Bank savings account -

  • Indian resident of 18 years of age and above

Ujjivan Bank News - May 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.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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