Product Details
Bank Name
Ujjivan Small Finance Bank
Account Name
Ujjivan Regular Savings Account
Account Type
Saving
Interest Rate
Interest Rates up to INR 1 lakh - 3.50% p.a. | Above INR 1 lakh to INR 5 lakhs - 5.00% p.a. | Above INR 5 lakhs to INR 25 lakhs - 7.25% p.a. | Above INR 25 lakhs - 7.50% p.a.
Free Debit Card
Yes -RuPay Classic Debit Card
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
Free upto INR 10,000.
Fees and Charges
Ujjivan Regular Savings Account
Special Features
Free 5 transactions per month at any other Bank’s ATM.
Eligibility Criteria
Indian resident.
Minimum age should be 18.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
High interest rate.
Free NEFT transfer.
No charges on non-maintenance of minimum balance.
Cons
Limited number of value add features.
Ujjivan has limited branch and ATM network.
Ujjivan Regular Savings Account Review
The account offers a high interest rate. However, the account offers limited number of 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?
You can open a Ujjivan Regular Savings Account either online or by visiting a branch.
Online:
Visit the Ujjivan SFB Regular Savings Account page and select SFB Regular Savings Account page
Select "New Customer" and complete your KYC.
Verify your mobile number.
Pay the amount to open the Regular Savings Account online.
Offline:
Visit the nearest Ujjivan Small Finance Bank branch.
Fill out the account opening form.
Submit the required documents:Photo ID proof (Aadhaar card, PAN card, etc.)
Address proof (Aadhaar card, driving license, etc.)
Passport-size photographs
Pay any applicable fees.