Product Details
Bank Name
Ujjivan Small Finance Bank
Account Name
Ujjivan Digital 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
Yes
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
RuPay Classic Debit Card - Issuance fee - 0. Annual maintainence fee from 2nd year onwards INR 100
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 Digital Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Zero balance account.
Free debit card for the first year.
5 free transactions at both Ujjivan SFB's ATM and other Bank's ATM.
Exclusive offers on using debit card on shopping, travel, etc, are available.
Cons
Limited number of value add features.
Limited branch network.
Ujjivan Digital Saving Account
The account comes with decent interest rate however, however, the account offers average value add features.
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?
Visit the Ujjivan SFB Website or App: Locate the "Open Digital Savings Account" option.
Enter Details: Provide your mobile number, PAN, and Aadhaar details.
Video KYC: Undergo a video call with a bank representative to verify your identity.
Initial Deposit: Make the required initial deposit (amount may vary).
Account Activation: Your account will be activated shortly after successful completion.