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Ujjivan Small Finance Bank Zero Balance Savings Account, Features, Interest Rates

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Ujjivan Small Finance Bank Offers Regular Savings Account with Zero Balance Account whereas other Banks have a minimum balance requirement.

About Ujjivan Small Finance Bank

Ujjivan Small Finance Bank Limited is a small finance bank. Reserve Bank of India has given the approval to set up a Small Finance Bank (SFB) on November 11, 2016.

Ujjivan Banks provides a full range of banking and financial services to micro and small enterprises, agriculture, and banking services. Bank has been served 55.3 lakh customers through its 17,018 employees over 575 branches in Pan India as of September 2020.

Currently, Mr. Samith Ghosh is CEO & MD of Ujjivan Financial Services and its headquarters in Bangalore, India.

Ujjivan Bank Zero Balance Account
Ujjivan Bank Zero Balance Account

Feature of Ujjivan Bank Regular Savings Account.

  1. Zero Balance Saving Account.

Ujjivan Regular Savings Account facilitates the customer to stay free from a headache to maintain Average Monthly Balance criteria and charges on non-maintenance of minimum balance.

  1. Welcome Kit.

The Bank will provide you a Welcome Kit that includes a personalized RuPay Classic Debit, Debit Card, and Debit Card Manual.

This RuPay Classic Debit makes your online transaction more convenient to transfer money and online shopping.

  1. Safe and Secure Banking Transaction Facilities.

You will get a free SMS alert of your transaction and report any unusual activity.

Customers can access multiple online transaction options such as NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment, and Real-Time Gross Settlement (RTGS).

ATM Transactions are unlimited at Ujjivan Small Finance Bank and 5 free transactions per month at other Bank ATMs.

Standard Rates are available at all branches.

  1. Interest Rates for Ujjivan Small Finance Bank Savings Account.

The rate of interest varies from 4% Upto 6.50% for your deposit.

Eligibility Criteria for Ujjivan Bank Regular Savings Account.

  1. Any individual Indian Residential age bracket of 18-60 years for a savings account.
  2. Aadhaar Link Mobile Number, Aadhaar, and Pan Card Number.
  3. Should have a valid document for the communication address.
  4. Agree to link the savings account to receive DBT.
How to open Ujjivan Bank Regular Savings Account.

Following steps, you can choose to option Regular Savings Account.

Step-1

You can call on this number 1800 208 2121 and Bank Representative assist you.

Step-2

You can fill an inquiry form and Bank Officials will connect.

Regular Savings Account can be opened by one bank official visit at your correspondence address.

Features of Ujjivan Banks Digital Savings Account.

  1. Instant Digital Savings Account.

You can instantly open your savings if you have Aadhaar Registered Mobile, Aadhaar, and Pan Card Number.

  1. No Minimum Balance Penalties.

In this account holder doesn’t require to maintain a minimum balance.

  1. Debit Card.

You will get a free Rupay Debit Card for 1st year.

  1. Free SMS transaction alerts.
  2. Banks offers 1 Lakh accidental insurance cover on your Rupay Debit Card.

Benefits of Ujjivan Banks Digital Savings Account.

  1. Unlimited free Transactions on Ujjivan Bank ATM | 6 Free Transactions on any other banks.
  2. 24×7 Customer support available.
  3. Mobile Banking services available in your regional languages.
  4. Safe and Secure Bill payments, UPI gateway, and fingerprint login.

Eligibility Criteria for Ujjivan Bank Digital Savings Account.

  1. Applicant should be in an age bracket of 18-60 years for Savings Account.
  2. Aadhaar links mobile number, Aadhaar, and Pan Card Details.
Ujjivan Bank Zero Balance Account
Ujjivan Bank Zero Balance Account

How can I open Digital Savings Account?

Step-1

Fill in your mobile number, email id, and enter your email id.

Step-2

Submit OTP Digit that is come to your mobile number.

Step-3

Provide your Aadhaar registered number.

Step-4

Fill your OTP that is sent on your Aadhaar link mobile number.

Step-5

In this stage, you can open a savings account or a fixed deposit.

Step-6

Fill in your nominee details.

Step-7

Provide Aadhaar number.

Step-8

Enter the OTP Details.

Step-9

Bank account opening is complete. However, to gain all the benefits you need to complete the KYC process within a year

Things to remember for opening Digital Savings Account.

Account-holders have to full KYC within one year.

Feature Of Ujjivan Bank Regular Savings Account.

  1. Zero Balance Saving Account.

Ujjivan Regular Savings Account facilitates the customer to stay free from a headache to maintain Average Monthly Balance criteria and charges on non-maintenance of minimum balance.

  1. Welcome Kit.

The  Bank will provide you a Welcome Kit that includes a personalized RuPay Classic Debit, Debit Card, and Debit Card Manual.

This RuPay Classic Debit makes your online transaction more convenient to transfer money and online shopping.

  1. Safe and Secure Banking Transaction Facilities.

You will get a free SMS alert of your transaction and report any unusual activity.

Customers can access multiple online transaction options such as NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment, and Real-Time Gross Settlement (RTGS).

You can withdraw unlimited and 5 free transactions per month from Ujjivan Small Finance Bank and Other Banks respectively.

Standard Rates are available at all branches.

  1. Interest Rates For Ujjivan Small Finance Bank Savings Account.

The rate of interest varies from 4% Upto 6.50% for your deposit.

Eligibility Criteria for Ujjivan Bank Regular Savings Account.

  1. Any individual Indian Residential age bracket of 18-60 years for a savings account.
  2. Aadhaar Link Mobile Number, Aadhaar, and Pan Card Number
  3. Should have a valid document for the communication address.
  4. Agree to link the savings account to receive DBT.

How to open Ujjivan Bank Regular Savings Account.

Following steps, you can choose to option Regular Savings Account

Step-1

You can call on this number 1800 208 2121 and Bank Representative assist you.

Step-2

You can fill an inquiry form and Bank Officials will connect.

Regular Savings Account can be opened by one bank official visit at your correspondence address.

Features of Ujjivan Banks Digital Savings Account

  1. Instant Digital Savings Account.

You can instantly open your savings if you have Aadhaar Registered Mobile, Aadhaar, and Pan Card Number.

  1. No Minimum Balance Penalties.

In this account holder doesn’t require to maintain a minimum balance.

  1. Debit Card.

You will get a free Rupay Debit Card for 1st year.

  1. Free SMS transaction alerts.
  2. Banks offers 1 Lakh accidental insurance cover on your Rupay Debit Card.

Benefits of Ujjivan Banks Digital Savings Account.

  1. Unlimited free Transactions on Ujjivan Bank ATM | 6 Free Transactions on any other banks.
  2. 24×7 Customer support available.
  3. Mobile Banking services available in your regional languages.
  4. Safe and Secure Bill payments, UPI gateway, and fingerprint login.

Eligibility Criteria for Ujjivan Bank Digital Savings Account.

  1. Applicant should be in an age bracket of 18-60 years for Savings Account.
  2. Aadhaar links mobile number, Aadhaar, and Pan Card Details.
Ujjivan Bank Zero Balance Account
Ujjivan Bank Zero Balance Account
How can I open Digital Savings Account?

Step-1

Fill in your mobile number, email id, and enter your email id.

Step-2

Submit OTP Digit that is come to your mobile number.

Step-3

Provide your Aadhaar registered number.

Step-4

Fill in your OTP that is sent on your Aadhaar link mobile number.

Step-5

In this stage, you can open a savings account or a fixed deposit.

Step-6

Fill in your nominee details.

Step-7

Provide Aadhaar number.

Step-8

Enter the OTP Details.

Step-9

Bank account opening is complete. To avail of uninterrupted Banking services you need to complete the KYC process within a year

Things to Remember for opening Digital Savings Account.

Account-holders have to full KYC within one year.

FAQ

  1. Is this Ujjivan Bank Regular Savings Account/Digital Savings Account Provide zero balance account facilities?

Definitely Yes.

  1. Can I Open Ujjivan Bank Regular Savings Account Online?

Definitely Not. You can call on 1800 208 2121 or fill the online ENQUIRY FORM FOR SAVING ACCOUNT through this bank representative will visit at your correspondence address.

  1. Can I Open Digital Savings Account Online?

Definitely Yes.

  1. hat is the Eligibility Criteria for Ujjivan Bank Regular Savings Account/Digital Savings Account?

Any Individual Indian citizen of more than 18 years of age.

Aadhaar link Mobile Number with Aadhaar, Pan Card Number.

  1. Is Aadhaar Mandatory to open a Ujjivan savings account?

Yes. If you don’t have please visit the nearest Ujjivan Branch to apply for Savings Bank Account.

  1. What is the Complete KYC process?

You have to provide detail of your Physical presence and permanent address verification for the sake of illegal money transaction activities.

Full KYC Time limitation is one year and until you have restrictions in transaction and benefits of your account.

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