Ujjivan Small Finance Bank
Ujjivan Bank
| Product | Interest Rate |
|---|---|
| Fixed Deposit | 3.05% to 7.00% |
| Recurring Deposit | 6.25% to 8.00% |
| Savings Account | 4.00% to 7.00% |
| MCLR | 15.90% to 16.50% |
Ujjivan Bank
Ujjivan Small Finance Bank was set as a small finance bank as per the regulations made in the Union Budget of 2014-2015. In adherence to how a Small Finance Bank should function, Ujjivan Small Finance Bank is regulated by the Reserve Bank of India under the Banking regulations Act of 1949. The Bank was set to fulfil the needs of the population that has been unbanked and untouched by the commercial banking sector. The functionalities of the Small Finance Banks have been exclusively designed to fulfil the financial needs of the underprivileged masses, by providing basic activities like deposits and lending. Ujjivan Small Finance Bank provides various banking services to its customers like deposits, locker facilities, Insurance facilities, loans, and Internet Banking, among others.
About Ujjivan Small Finance Bank
The current CEO of Ujjivan Small Finance Bank is Mr. Nitin Chugh. Further, the registered address of the Ujjivan Bank is Grape Garden, No. 27, 3rd ‘A’ Cross, 18th Main, 6th Block, Koramangala, Bengaluru - 560 095, Karnataka.. In case of grievances, customers can contact the Bank’s compliance officer, Mr. Brajesh Joseph Cherian by mailing him at customercare@ujjivan.com or by calling on 080-40712121. In addition to that, to raise any further queries, the compliance officer can be reached out at Grape Garden, No. 27, 3rd ‘A’ Cross, 18th Main, 6th Block, Koramangala, Bengaluru - 560 095, Karnataka.
Ujjivan Small Finance Bank Product Details
Savings and Current Accounts
Ujjivan Bank Debit Cards
Ujjivan Bank Deposits
Ujjivan Small Finance Bank Fixed Deposit
Ujjivan Small Finance Bank Recurring Deposit
Ujjivan Small Finance Bank Loan
Ujjivan Bank offers both secured and unsecured loans to its customers, like Home loans, personal loans, car loans, and business loans at affordable interest rates. Ujjivan Small Finance Bank is accustomed to lend more than 75% of its Adjusted Net Credit for the priority sector. This includes lending funds to poor people for housing, lending to farmers for agriculture and allied activities, lending to micro and small industries, and lending to weaker sections of the society.
| Loan products | Feature |
|---|---|
| Personal Loan | Unsecured loan offered on the basis of credit score to meet one’s personal expense. |
| Car Loan | Secured loan offered for the purchase of a car, where the car acts as collateral. |
| Home Loan | Secured loan offered for the purchase, renovation or construction of a house. |
| Gold Loan | A secured loan where the borrower can mortgage their gold to borrow funds against it. |
| Business loan | Loans offered to business units for undertaking business activities like purchase of plant and machinery, purchase of equipment, to undertake construction or to meet day to day expenses. |
Compare Rates of Small Finance Banks
Ujjivan Bank Netbanking Registration and log in
To add more to the convenience of the customers, Ujjivan Small Finance Bank offers net banking facility to the customers. The bank’s digital banking platform is hassle-free and easy to use. All customers with savings or current accounts can have access to Ujjivan Small Finance Bank net banking or mobile banking platform. One can register for Ujjivan Small Finance Bank net banking by following the below-mentioned steps:
Why Ujjivan Small Finance Bank?
The Ujjivan Small Finance Bank is a go-to-option when it comes to choosing the right bank for your banking needs because of the following reasons:
FAQs
✅Is Ujjivan Small Finance Bank safe?
Similar to commercial banks, Ujjivan Small Finance Bank is safe and secure as it is regularized by RBI.
✅Can Ujjivan Small Finance Bank accept deposits?
Ujjivan Small Finance Bank is a small finance bank that was set to provide banking activities to the underprivileged people. This bank conduct basic banking activities like deposits and lending.
✅Is Ujjivan Small Finance Bank approved by RBI?
Ujjivan Small Finance Bank is approved by RBI under the Banking regulations Act of 1949.
✅Is Ujjivan Small Finance Bank FD a safe option to invest?
Ujjivan Small Finance Bank provides fixed deposits investment facility to its customers. The Bank provides highest interest of 7.00% to its customers. The interest rate provided by Ujjivan Small Finance Bank is comparatively higher than any commercial bank. Also, the FDs are equally safe in this bank.
✅Can I take a loan from Ujjivan Small Finance Bank?
Yes, you can opt for a loan from Ujjivan Small Finance Bank. Ujjivan Bank provides loan products loans like home loan, personal loans and business loans, among others.
- 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. - 2020-08-21 : Ujjivan Small Finance Bank revised MCLR
Ujjivan Small Finance Bank revised its MCLR. The overnight, one-month and three months MCLR is 14.20% and 13.60% and 13.70% respectively. The six-months MCLR rate stands at 13.80%. Lending rate for long tenors of one year, two years and three years is 14.00% and 14.40% and 15%respectively. The revised rates are effective from 20 August 2020. - 2020-05-06 : Ujjivan Bank revised its FD rates
With effect from 2 May 2020, Ujjivan Bank changed its FD rates. The FD rates for 7 to 29 days is 4.50%, it is 5.35% for 30 to 89 days and stands at 6.10% for 90 to 179 days. Further, the fixed deposits rate for 180 days to 364 days is 6.50%, for one year to 799 days it is 7.50% and stands at 7.25% for 800 days to 3 years. The FD rate for three years one day to 5 years is 6.75%, and it stands at 6.25% for 5 Years and 1 Day to 10 Years. - 2020-04-20 : New MCLR for Ujjivan Small Finance Bank
Ujjivan Small Finance Bank revised its MCLR. The overnight, one-month and three months MCLR is 15.10%, 14.20% and 14.80%, respectively. The six-months MCLR rate stands at 15.10%. Lending rate for long tenors of one year, two years and three years is 15.20%, 15.40% and 16%, respectively. The revised rates are effective from 20 April 2020. - 2020-02-20 : Ujjivan Small Finance Bank revised its MCLR
Ujjivan Small Finance Bank changed its lending rates. The overnight and one-month MCLR is 15.80% and 15.70%. The lending rate for short tenors of three months and six months is 15.80% and 15.90%. Further, the MCLR for one-year, two years and three years is 16%, 16.20% and 16.50%, respectively. The revised rates are in effect from 20 February 2020.
