Product Details
Bank Name
Ujjivan Small Finance Bank
Account Name
Ujjivan Classic Saving Account
Account Type
Saving
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 5 Lakh 6% Above 5 Lakh And Upto 25 Crore 7%
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 5,000
Debit Card Charges
Primary Debit Card Issuance Fee (1st year) RuPay Classic: Rs.149 (Default)
RuPay Platinum: Rs.299
NEFT Charges
Free
IMPS Charges
Up to INR 100,000 – INR 5
INR 1,00,000 to INR 2,00,000 – INR 15
Fees and Charges
Ujjivan Classic Saving Account
Special Features
High interest rate.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
High interest rate.
Free Mobile Banking App in 9 different languages of your choice.
5 free transactions per month at any other bank’s ATM.
1 Free cheque book per quarter.
Free NEFT transactions through online mode.
Choice of debit card – RuPay Classic Debit Card & RuPay Platinum Debit Card
Cons
Limited branch network.
Limited value add features.
Ujjivan Classic Saving Account Revuew
The account offers decent interest rate. The account also comes with decent value add benefits. Individuals looking for decent interest rate and decent value add benefits can consider this account.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
You can open a Ujjivan Classic Savings Account in two ways:
Online:Visit the Ujjivan SFB website.
Locate the "Open Online" button for the Classic Savings Account.
Complete the online application form with your personal and financial details.
Undergo Video KYC to verify your identity.
Make the required initial deposit.
Offline:Visit the nearest Ujjivan SFB branch.
Obtain a Savings Account application form.
Fill out the form with your details.
Submit the form along with necessary documents like Aadhaar card, PAN card, and passport-sized photographs.Make the required initial deposit.